1965 25Th AveVero Beach, FL 32960

Property Details for 1965 25Th Ave

Year built

1993

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.54 AC

Property size (Sq ft)

4,412 SF

Zone code

POI

Property type

Office buildings

APN

33-39-02-00020-0100-00002.0

APU

9223372036854775807

Description

This well-maintained, single-story office building in Vero Beach, Florida, presents a compelling investment opportunity. Boasting 4,488 square feet on a 0.54-acre lot with 200 feet of frontage on 25th Avenue, the property offers significant potential. Built in 1993, the building features concrete block construction with numerous windows, allowing ample natural light. High-end finishes create a professional atmosphere, with an adaptable layout including a lobby, showroom, four large offices, a spacious workroom/bullpen, storage room, kitchen, patio, three restrooms, and a shower. The building currently sits vacant, providing immediate occupancy for a new owner or tenant. The property includes 18 parking spaces and a shingle roof replaced in 2010. Zoned for Professional Office Institution (POI) use, it benefits from city water and FPL utilities. Annual property taxes are $7,555.90 (2023). The asking price is $1,250,000, translating to $278.52 per square foot. This is an exceptional opportunity to acquire a well-located, versatile office building in a thriving Florida market.

• CAP approach

  CAP return

  Valuation

  6%

  $1,718,789

  6.5%

  $1,586,574

  7%

  $1,473,248

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,124,663

  Geo Method

  $1,124,663

• Alternative Use

  Use

  Valuation

  Residential

  $1,967,352

  Hospitality

  $1,802,084

  Educational

  $1,499,313

  Medical

  $1,550,877

  Retail

  $2,332,264

Location Insight

City

Vero Beach

County

Indian River

State

Florida

Latitude

27.6376

Longitude

-80.4114

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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