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Oceanfront Conventional Restaurant
For Sale
$5,500,000

1050 Easter Lily Lane, Vero Beach, FL 32963

Rebuilt in 2018 with an indoor/outdoor bar and dedicated wine cave.

Property Size3,087 SF
Price / SF$1,781
Days on Market13

Property Features for 1050 Easter Lily Lane

General Information

Standard status Active
Size 3,087 SF
Property subtype Industrial

Additional Details

Liquor License No

Amenities

indoor/outdoor bar
wine cave
oceanfront
Central Air
3
Other
Water Front.

Building Details

Year Built 2010
Year Renovated 2018
Stories 1
Listing Agency:
Listed By: Premier Estate Properties
Source: Xome
Added: Jul 30 Changed: Aug 11 Last Checked: Aug 11 at 4:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Estate Properties

Investment Insights

Based on property information with market context.

This conventional restaurant property offers direct oceanfront positioning, fee simple ownership, and a 3,087 SF configuration suited to restaurant or hospitality use. The improvements were fully rebuilt in 2018 and include central air conditioning, an indoor/outdoor bar, and a 400± SF wine cave.

The property is located on Ocean Drive in Vero Beach’s commercial oceanfront hub. A 4COP liquor license is available separately.

Key Highlights

  • Direct oceanfront commercial property in Vero Beach
  • 3,087 SF property fully rebuilt in 2018
  • Indoor/outdoor bar and 400± SF wine cave

Property Analytics

Current Use

Citrus Grillhouse Restaurant

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Dental Office Pharmacy Plumbing Service Bakery

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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Rebuilt in 2018 with an indoor/outdoor bar and dedicated wine cave.
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 in Vero Beach; 3,087 SF property fully rebuilt in 2018; Indoor/outdoor bar and 400± SF wine cave
More about this property
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