573 27Th AveVero Beach, FL 32968
- Retail properties
- 2,870 SF
Property Details for 573 27Th Ave
- Year built
- 1984
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.33 AC
- Property size (Sq ft)
- 2,870 SF
- Zone code
- CL
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 33-39-22-00002-0001-00002.0
- APU
- 9223372036854775807
Description
This exceptional single-tenant retail property, located at 573 27th Ave SW in Vero Beach, Florida (zip code 32968), presents a lucrative investment opportunity. The property encompasses a 3,440 square foot building situated on a 0.33-acre lot. Currently operating as a thriving convenience store, the business boasts impressive monthly sales figures. The store generates approximately $35,000 in monthly grocery and beer sales, supplemented by a consistent $2,500 monthly lottery commission. Furthermore, the cash checking services yield nearly $80,000 per week in additional revenue. The property's current monthly rent is $4,000. The asking price includes $165,000 for business goodwill, with inventory priced at cost. This one-story building offers a prime location in the heart of Vero Beach, providing excellent visibility and accessibility. The property's strong financial performance, coupled with its desirable location, makes it an attractive investment for discerning buyers seeking a high-return opportunity in a stable market. The property is zoned for retail use and is ready for immediate occupancy. Serious inquiries are encouraged.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,643,365
- 6.5%
- $1,516,953
- 7%
- $1,408,599
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,843,611
- Geo Method
- $1,843,611
-
Alternative Use
- Use
- Valuation
- Residential
- $1,279,606
- Hospitality
- $1,172,112
- Educational
- $975,184
- Medical
- $1,008,722
- Retail
- $1,516,953
Location Insight
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Latitude
- 27.5931
- Longitude
- -80.4146
- CBSA code
- 42680
- CBSA name
- SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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