2750 Indian River BlvdVero Beach, FL 32960

Property Details for 2750 Indian River Blvd

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.69 AC

Property size (Sq ft)

9,217 SF

Zone code

C-1B

Property type

Medical offices

Property subtype

Medical space

APN

32-39-36-00010-0000-00001.2

APU

9223372036854775807

Description

This exceptional Vero Beach office building, constructed in 1994, offers two available suites ideal for medical or traditional office use. The building boasts a total of 16,428 square feet across three stories and is classified as Class B. One suite, located on the ground floor of the south building, comprises 7,000 square feet and is ready for immediate occupancy. This space is highly adaptable and could suit a variety of office configurations. The second available suite, situated on the third floor of the north building, offers 3,454 square feet of existing medical space. This area is already equipped with eight exam rooms, three offices, a reception area, two restrooms, and a lobby, making it perfect for a medical practice. The building features excellent signage, a large parking lot including private covered parking, and a portico. The south building's first floor is currently configured as an administrative floor with a large reception and sales area, offices, a conference room, records storage, a full kitchen, and a breakroom. The property benefits from its proximity to a hospital (less than two miles away) and high traffic volume, with 37,655 vehicles passing daily (2020 data). Utilities include city water and sewer, and electricity is provided by FPL. The building is zoned (C-1B) General Commercial Trades & Services. The lease rate is $32.00 per square foot gross, plus sales tax and utilities.

• CAP approach

  CAP return

  Valuation

  6%

  $3,591,123

  6.5%

  $3,314,882

  7%

  $3,078,105

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,349,506

  Geo Method

  $2,349,506

• Alternative Use

  Use

  Valuation

  Residential

  $4,110,454

  Hospitality

  $3,765,154

  Educational

  $3,132,564

  Medical

  $3,240,298

  Retail

  $4,872,878

Location Insight

City

Vero Beach

County

Indian River

State

Florida

Latitude

27.6474

Longitude

-80.3813

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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