1705 150TH AVE Vero Beach, FL 32966

Located in Vero Beach, Florida, two contiguous 500-acre parcels offer a rare investment opportunity. The properties feature one mile of frontage on State Highway 60 at the intersection of 154th Avenue, along with 1.5 miles of frontage on paved 154th Avenue. Situated minutes from a major full interchange on Interstate 95 and less than 30 minutes from Vero Beach's beaches, the location provides connectivity for logistics, commercial activity, and residential development. The parcels are currently leased to a sod farm, generating an annual income of $480,000 with yearly escalations. This arrangement provides a revenue stream while the land appreciates in value. The lease structure allows for cash flow and potential tax advantages, positioning the property for long-term capital growth. With frontage on State Highway 60 and proximity to Interstate 95, the properties are suited for rezoning to higher-value uses, including commercial, industrial, or residential projects. Located within a federally designated Opportunity Zone, investors may be eligible for capital gains tax savings. The parcels can be acquired together or separately, providing flexibility for institutional and individual investors. The total lot size is 513 acres.