755 4Th StVero Beach, FL 32962

Property Details for 755 4Th St

Year built

2000

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.33 AC

Property size (Sq ft)

1,232 SF

Zone code

CH

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

33-39-13-00000-7000-00015.0

APU

9223372036854775807

Description

This exceptional investment opportunity presents a 1,364 square foot single-tenant flex space ideally situated within a Vero Beach gas station. Currently operating as a convenience store, this property offers a proven track record of profitability, generating a cash flow of $19,000 in March 2024. The property's classification as both industrial and retail reflects its versatile nature and potential for diverse uses. The single-tenant occupancy simplifies management and minimizes vacancy risks. The building comprises a single suite, streamlining operations and maintenance. This turnkey operation is perfect for an investor seeking immediate income generation and a strong return on investment. The location in Vero Beach offers excellent visibility and accessibility, ensuring high customer traffic. The property's existing convenience store setup provides a solid foundation for continued success, with the potential for further expansion or adaptation to suit evolving market demands. This is a rare chance to acquire a profitable, established business in a desirable location. Serious inquiries are encouraged to explore this lucrative investment opportunity further. Financial records are available upon request to qualified buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $705,540

  6.5%

  $651,268

  7%

  $604,749

• Comparable approach

  Method

  Valuation

  Relative Method

  $791,404

  Geo Method

  $791,404

• Alternative Use

  Use

  Valuation

  Residential

  $549,369

  Hospitality

  $503,219

  Educational

  $418,672

  Medical

  $433,071

  Retail

  $651,268

Location Insight

City

Vero Beach

County

Indian River

State

Florida

Latitude

27.6086

Longitude

-80.388

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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