626 Old Dixie HwyVero Beach, FL 32962

Property Details for 626 Old Dixie Hwy

Year built

1955

Lot size

0.84 AC

Zone code

CH

Property type

Industrial properties

Property subtype

Other warehouses

APN

33-39-13-00002-0030-00009.0

APU

9223372036854775807

Description

This exceptional 11-unit retail property, located at 626 Old Dixie Hwy SW in Vero Beach, Florida (zip code 32962), presents a compelling investment opportunity. Built in 1985, this single-story building boasts a newly resurfaced asphalt parking lot offering excellent parking and high visibility for tenants. The property features a recently installed metal roof, providing both aesthetic appeal and enhanced durability, particularly beneficial in hurricane-prone areas. The location is a key advantage, situated near Oslo Road in a rapidly expanding area of Indian River County. This corridor is experiencing significant growth, with numerous new residential developments, shopping centers, and restaurants currently under construction. This high-demand location ensures strong tenant occupancy and potential for significant future appreciation. The property's 0 sq ft lot size indicates the building is likely situated on a larger parcel, details of which should be confirmed. The asking price is $3,990,000. This property is ideal for investors seeking a strong return in a thriving market.

• Alternative Use

  Use

  Valuation

  Residential

  $16,316,141

  Hospitality

  $14,945,498

  Educational

  $12,434,479

  Medical

  $12,862,119

  Retail

  $19,342,522

Location Insight

City

Vero Beach

County

Indian River

State

Florida

Latitude

27.6131

Longitude

-80.3897

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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