6480 20Th StVero Beach, FL 32966

Property Details for 6480 20Th St

Year built

2006

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.33 AC

Property size (Sq ft)

12,960 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

33-39-05-00009-0000-00010.0

APU

9223372036854775807

Description

This exceptional retail opportunity in Vero Beach, Florida, presents two available spaces totaling 6,302 square feet within a thriving commercial center. Located at 6480 20th St, 32966, this property boasts a highly visible location on Route 60, enjoying approximately 32,000 vehicles per day. The site is zoned CG (General Commercial) and benefits from ample parking (approximately 70 spaces, or 5.5 per 1,000 square feet), including employee parking in the rear with direct customer access. Building and monument signage opportunities are available. Unit 103 offers 1,552 square feet with two restrooms, including a new ADA-compliant restroom. Unit 104-106 comprises 4,750 square feet and includes three restrooms. Both units feature impact windows and storefronts. Previously approved for assembly use, these spaces are ideally suited for a variety of retail businesses. Utilities include county water, sewer, and FPL electricity. The lease rate is $18.00 per square foot per year, NNN plus sales tax. This centrally located property is surrounded by a dense residential area, ensuring a strong customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $7,188,350

  6.5%

  $6,635,400

  7%

  $6,161,443

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,325,156

  Geo Method

  $8,325,156

• Alternative Use

  Use

  Valuation

  Residential

  $5,597,208

  Hospitality

  $5,127,012

  Educational

  $4,265,614

  Medical

  $4,412,315

  Retail

  $6,635,400

Location Insight

City

Vero Beach

County

Indian River

State

Florida

Latitude

27.6404

Longitude

-80.4606

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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