2190 45Th StVero Beach, FL 32967

  • Retail properties
  • 24,249 SF
For Lease
$16/SF/YR View listing

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
2190 45Th St, Vero Beach, Florida

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$43,662
$870,111
$1,762,377
$2,632,488
-
$870,111
$1,762,377
$2,632,488

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