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    1935 45th St, Vero Beach, FL Vero Beach, FL

    For Sale
    $1,550,000

    Prime Vero Beach land, 40 townhome potential.

    Property size:
    21,780,019 SF

    Description

    Added:
    Jan 9, 2025
    Days on Market:
    337
    This exceptional 0-acre commercial land parcel presents a remarkable investment opportunity in Vero Beach, Florida. Located east of US Highway 1, this property enjoys a highly desirable location just minutes from pristine beaches, championship golf courses, upscale shopping, and a wealth of other local amenities. Previously planned for the construction of 40 townhome units, this site offers a ready-made blueprint for a lucrative residential development project. The existing planning provides a significant head start, minimizing upfront development hurdles. Given the success of comparable area developments, with homes selling for $400,000 and above, this site promises substantial returns. The property's strategic location and the proven demand for high-end residential properties in the area make this an exceptional opportunity for developers seeking a prime location to build a thriving community. The site's proximity to major roadways ensures easy access for residents and visitors alike. This is a rare chance to acquire a well-situated parcel of land with significant development potential in a highly sought-after Florida coastal community. Serious inquiries are encouraged. The asking price is $1,550,000.

    Property Features for 1935 45th St, Vero Beach, FL

    General Information

    Property type
    Commercial land
    Square Feet
    21,780,019 SF
    Elevators
    N/A

    HighLights

    • Prime Vero Beach location, minutes from beaches and amenities.
    • Previously approved for 40 townhome units, ideal for residential development.
    • Surrounding area boasts high‑value homes, exceeding $400,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Vero Beach
    State
    Florida

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    FAQs

    What type of property is this?
    Commercial land - Prime Vero Beach land, 40 townhome potential.
    Where is this commercial land located?
    The property is located at 1935 45th St, Vero Beach, FL Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Prime Vero Beach location, minutes from beaches and amenities.; Previously approved for 40 townhome units, ideal for residential development.; Surrounding area boasts high-value homes, exceeding $400,000.
    (772) 403-3752
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    1935 45th St, Vero Beach, FL Vero Beach, FL
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1935 45th St, Vero Beach, FL Vero Beach, FL
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