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1201 19Th Pl Vero Beach, FL 32960

For Sale
$11,500,000

Fully renovated office building with strong tenant mix and high occupancy.

Property size:
41,634 SF
Lot size:
1.83 Acres

Property Features for 1201 19Th Pl

General Information

Size
41,634 SF
Lot size
1.83 Acres

Source: Highlight Realty Network Agent Richard Lee Armstrong

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Vero Beach Financial Center

The Vero Beach Financial Center is a fully occupied office building featuring a strong tenant mix of 15 tenants. Constructed in 1972 and fully renovated in 2019 with over $1 million in recent improvements including floor finishes and paint, the building is in excellent overall condition and very well maintained. The property offers frontage and visibility along 19th Pl with tenant signage available. The tenant mix includes various service-oriented businesses such as lawyers, insurance providers, and accountants. The 41,634 square foot building can be utilized for any office or medical office use, and the owner has approved it for medical office use. The property features bus line access, a conferencing facility, signage, natural light, and air conditioning. The building generates an actual net annual income of $844,562.66, providing a stable actual cap rate of 7.3%.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Skypoint Chiropractic / Vero ... Chiropractor Megtec Systems Inc Industrial Equipment Supplier Edward Jones - Financial ... Financial Consultant HR Dynamics Employment Agency Croom Construction Co Construction Company

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Vero Beach
County
Indian River
State
Florida
Longitude
-80.3983441
Latitude
27.6373883

FAQs

What type of property is this?
Office building - Fully renovated office building with strong tenant mix and high occupancy.
Where is this office building located?
The property is located at 1201 19Th Pl Vero Beach, FL.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: - High Actual Cap Rate: 7.3% provides a strong return on investment; - Fully Occupied with Strong Tenant Mix: 100% occupancy with 15 tenants, including service-oriented businesses; - Substantial Recent Renovations: Over $1 million in improvements completed in 2019, including floor finishes and paint
More about this property
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