2190 45Th StVero Beach, FL 32967
- Retail properties
- 24,249 SF
Property Details for 2190 45Th St
- Year built
- 2007
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.35 AC
- Property size (Sq ft)
- 24,249 SF
- Zone code
- CG
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 32-39-23-00000-5000-00028.0
- APU
- 9223372036854775807
Description
This exceptional commercial property in Vero Beach, Florida, offers flexible retail and office space within a well-maintained shopping strip center. Two units are available, totaling between 1,345 and 5,508 square feet, with the potential for division to accommodate various business needs. The space boasts a highly desirable corner location on US Highway 1, a busy, signaled intersection with a daily traffic count of 22,317 vehicles. Ample parking is provided for customers and employees. The property features lush landscaping and is situated near numerous residential communities, benefiting from strong local demographics and significant commercial growth in the area. The space is currently zoned (CG) Commercial General and includes access to county water, sewer, and FPL utilities. A turnkey medical space is also available. The lease rate is $16.00 per square foot, plus $7.00 per square foot for common area maintenance, plus sales tax. Special landlord incentives, including free rent, are available. This presents a unique opportunity for businesses seeking a high-visibility location with excellent accessibility and strong growth potential in a thriving Vero Beach market. The property is located at 2190 45th St, Vero Beach, FL 32967.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $13,887,988
- 6.5%
- $12,819,682
- 7%
- $11,903,990
-
Comparable approach
- Method
- Valuation
- Relative Method
- $15,576,908
- Geo Method
- $15,576,908
-
Alternative Use
- Use
- Valuation
- Residential
- $10,813,881
- Hospitality
- $9,905,457
- Educational
- $8,241,224
- Medical
- $8,524,652
- Retail
- $12,819,682
Location Insight
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Latitude
- 27.6753
- Longitude
- -80.4065
- 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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