8525 20Th StVero Beach, FL 32966

Property Details for 8525 20Th St

Year built

1952

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

4.99 AC

Property size (Sq ft)

1,359 SF

Zone code

CG

Property type

Office buildings

APN

33-38-02-00001-0100-00005.0

APU

9223372036854775807

Description

This exceptional Vero Beach commercial property offers a unique investment opportunity. The 4.99-acre lot boasts 165 feet of frontage on State Road 60 and a depth of 1,255 feet. Approximately half the land is cleared and fenced. The property includes a 1,359 square foot executive office building situated at the front of the lot. Currently leased, generating rental income, this property is zoned General Commercial (CG). Conveniently located near I-95, shopping, and restaurants, it offers excellent visibility and accessibility. Utilities include county water and sewer, and Florida Power & Light. The 2021 property taxes were $5,518.84. The asking price for this turnkey investment is $1,550,000, representing a price per square foot of $1,140.54. This property presents a compelling combination of land and income-producing office space in a high-demand location. The substantial lot size allows for future development potential, making it an ideal investment for both immediate returns and long-term growth. The property's address is 8525 20th St, Vero Beach, FL 32966, within Indian River County.

• CAP approach

  CAP return

  Valuation

  6%

  $480,012

  6.5%

  $443,088

  7%

  $411,439

• Comparable approach

  Method

  Valuation

  Relative Method

  $346,423

  Geo Method

  $346,423

• Alternative Use

  Use

  Valuation

  Residential

  $549,429

  Hospitality

  $503,274

  Educational

  $418,718

  Medical

  $433,118

  Retail

  $651,339

Location Insight

City

Vero Beach

County

Indian River

State

Florida

Latitude

27.6371

Longitude

-80.5025

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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