1745 20Th StVero Beach, FL 32960

Property Details for 1745 20Th St

Year built

2022

Construction

CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

7,221 SF

Zone code

C-1B

Property type

Office properties

Property subtype

Office buildings

APN

33-39-02-00001-0490-00028.0

APU

9223372036854775807

Description

This exceptional Class A office building, completed in 2021, offers 7,744 square feet of space in Vero Beach, Florida. Located at 1745 20th St, this single, two-story building sits on a 14.81-acre lot with 105 feet of frontage on SR 60 and boasts 26 total parking spaces, including 20 covered spots. The property is zoned C1-B for General Commercial Trades & Services and features multiple suites available for lease, ranging from 468 to 1,204 square feet. Lease rates vary depending on the suite size, with some including electricity. The building's design incorporates high-level finishes and a traditional aesthetic, with custom layouts available to meet individual business needs. Its prime location offers easy access to major roadways, is near the Indian River County Courthouse, and is conveniently close to shopping and restaurants. The high traffic count of 22,069 (2021 AADT) ensures excellent visibility. The entire building is also available for purchase at $3,875,000. The owner is open to leasing with an option to purchase and is also willing to sell smaller units individually. City water, sewer, and FPL utilities are available. This property presents a unique opportunity for businesses seeking a modern, well-located office space in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,813,178

  6.5%

  $2,596,779

  7%

  $2,411,295

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,840,705

  Geo Method

  $1,840,705

• Alternative Use

  Use

  Valuation

  Residential

  $3,220,006

  Hospitality

  $2,949,508

  Educational

  $2,453,956

  Medical

  $2,538,352

  Retail

  $3,817,265

Location Insight

City

Vero Beach

County

Indian River

State

Florida

Latitude

27.6384

Longitude

-80.4032

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].