1285 36Th StVero Beach, FL 32960

Property Details for 1285 36Th St

Year built

2003

Lot size

0.42 AC

Property size (Sq ft)

4,608 SF

Zone code

COMED

Property type

Medical offices

Property subtype

Medical space

APN

32-39-35-00014-0000-00001.1

APU

9223372036854775807

Description

This exceptional 2,622 square foot medical office suite is available for immediate occupancy at 1285 36th St, Vero Beach, FL 32960. Located in the prestigious Grove Place Medical Building, this Class A space boasts a prime location within a thriving medical node. Built in 2003, the suite is situated on the second floor and offers excellent visibility and accessibility. The building features ample parking for both patients and staff. The Orthopaedic Center of Vero Beach, a well-established and respected local provider, is the building's largest tenant, underscoring the building's strong tenant base and desirable location. The property is zoned for medical use, making it ideal for a variety of healthcare practices. The entire 2,622 square feet is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire suite. Its proximity to Cleveland Clinic Hospital further enhances its appeal and potential for success. This is a turnkey opportunity in a high-demand medical submarket. The property offers a rare chance to establish a presence in a well-regarded medical building in a strategic Vero Beach location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,034,670

  6.5%

  $1,878,160

  7%

  $1,744,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,174,630

  Geo Method

  $1,174,630

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,589,360

  Retail / Commercial

  $1,861,810

  Mixed-Use / Specialty

  $1,871,880

  Hospitality / Lodging

  $1,395,090

  Institutional / Educational

  $1,951,970

  Residential Income

  $2,283,800

  Multifamily

  $2,646,450

  Automotive / Energy

  $1,673,120

  Parking / Income-Based Land

  $560,865

  Restaurant / Food Service

  $1,009,240

  Healthcare / Senior Housing

  $1,902,440

Location Insight

City

Vero Beach

County

Indian River

State

Florida

Latitude

27.6569

Longitude

-80.3978

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].