9300 Highway A1AVero Beach, FL 32963

  • Office properties
  • 3,480 SF
For Lease
$44.30/SF/YR View listing

Property Details for 9300 Highway A1A

Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.29 AC
Property size (Sq ft)
3,480 SF
Zone code
CN
Property type
Office properties
Property subtype
Office buildings
APN
31-39-23-00004-0001-00005.0
APU
9223372036854775807

Description

This exceptional commercial property at 9300 Highway A1A in Vero Beach, Florida (zip code 32963), offers a unique opportunity for businesses seeking a prime location. The property consists of a two-story building with a total of one suite, encompassing 1,540 square feet of unfinished second-floor office space. The building sits on a 0.29-acre lot boasting 139 feet of frontage on Highway A1A, a high-traffic area with an average annual daily traffic count of 6,800 vehicles. This ensures excellent visibility and accessibility for your business. The location is highly desirable, nestled between Orchid Island and John's Island, offering proximity to beautiful beaches and upscale amenities. Ample parking is available behind the building for the convenience of employees and clients. The landlord is offering a build-to-suit option, completing construction within 45 days of lease signing, allowing for customization to meet your specific business needs. The ground floor is currently occupied by a tenant. This presents a rare chance to establish your presence in a luxurious, affluent beach town surrounded by country clubs, polo fields, and a high-net-worth clientele. The property's APN is 36946. This is an unparalleled opportunity to capitalize on Vero Beach's thriving market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,313,386
    6.5%
    $1,212,357
    7%
    $1,125,760
  • Comparable approach

    Method
    Valuation
    Relative Method
    $887,087
    Geo Method
    $887,087
  • Alternative Use

    Use
    Valuation
    Residential
    $1,503,322
    Hospitality
    $1,377,035
    Educational
    $1,145,677
    Medical
    $1,185,078
    Retail
    $1,782,164
9300 Highway A1A, Vero Beach, Florida

Location Insight

City
Vero Beach
County
Indian River
State
Florida
Latitude
27.7636
Longitude
-80.3982
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
$8,009
$217,502
$321,809
$539,311
-
$217,502
$321,809
$539,311

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