2190 45Th StVero Beach, FL 32967

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 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.

• 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

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