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Oceanfront Conventional Restaurant
For Sale
$5,500,000

1050 Easter Lily Lane, Vero Beach, FL 32963

CommercialSale, Vero Beach, FL

Property SizeContact for details
Days on Market47

Property Features for 1050 Easter Lily Lane

General Information

Property type Commercial Sale
Property subtype Other
Zoning , C-1A
Zoning description Commercial, Mixed Use
Security features Security
Accessibility Accessible Approach with Ramp
Subdivision Ocean Park
Lot features Less Than Quarter Acre
Directions Adjacent to Humiston Park off Ocean Drive.
Standard status Active
APN 32403200048000100004.0

Taxes and HOA fees

Tax Description OCEAN PARK OF VERO BEACH CONDO BLDG 1 SPACE D OR BK 2402 PG 1510
Legal Description OCEAN PARK OF VERO BEACH CONDO BLDG 1 SPACE D OR BK 2402 PG 1510

Utilities

Sewer type Public Sewer
Heating system Central
Cooling system Central Air
Water source Public
Water front 1

Amenities

indoor/outdoor bar
wine cave

Building Details

Year built 2010
Floors in Building 1
Flooring type Tile
Building materials Block, Concrete
Roof type Tile
Listing Agency: Premier Estate Properties
Listed By: Allison Ritter Varricchio · License #0650335
Added: Aug 4 Changed: Aug 19 Last Checked: Sep 19 at 11:06PM
MLS# 299066

Copyright © 2026 Realtors Association of Indian River County. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This conventional restaurant property offers direct oceanfront positioning in Vero Beach and was fully rebuilt in 2018. The configuration includes an indoor/outdoor bar and a wine cave measuring approximately 400+/- SF, creating distinct service and hospitality areas. Fee simple ownership is available, with a 4COP liquor license offered separately.

The property is zoned C-1A and occupies 1050 Easter Lily Lane. Building features include block and concrete construction, tile flooring, a tile roof, central heating, central air, and an accessible approach with ramp. Public water and public sewer serve the property.

Key Highlights

  • Direct oceanfront commercial property at 1050 Easter Lily Lane, Vero Beach, FL 32963
  • Fully rebuilt in 2018
  • 400+/- SF wine cave

Property Analytics

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Current Use

Citrus Grillhouse Restaurant

Suggested Use

Top Pick Building Supply Auto Repair Shop Dental Office Big Box & Wholesale Store Pharmacy HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

887
Businesses Nearby
20k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 82% Shops & Services 11% Home Improvements & Furnishings 7%
Vero Beach Hotel and Spa Hotels & Casinos
16,312 visits/mo 0.4 miles
Sherwin-Williams Paint Store Home Improvements & Furnishings
1,306 visits/mo 0.1 miles
Fidelity Investments Shops & Services
1,224 visits/mo 0.2 miles
Charles Schwab Shops & Services
1,038 visits/mo 0.4 miles

Demographics for 32963, FL

16,291
Population
12,344
Households
1.3
Avg Household Size
68
Median Age
68%
College-Educated
99%
High-School Grad
17.4 sq mi
ZIP Area
936
Density / Sq Mi
$142,985
Median Household Income
$80,536
Median Earnings
$2,000
Median Rent
$894,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - The property features an indoor/outdoor bar, wine cave, and direct oceanfront setting in Vero Beach.
Where is this conventional restaurant located?
The property is located at 1050 Easter Lily Lane Vero Beach, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Direct oceanfront commercial property at 1050 Easter Lily Lane, Vero Beach, FL 32963; Fully rebuilt in 2018; 400+/- SF wine cave
More about this property
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