573 27Th AveVero Beach, FL 32968

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 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.

• 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

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