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Vero Beach Mixed-Use Complex

1615 14th Ave Vero Beach, FL 32960

1615 14th Ave, Vero Beach, FL, 32960

$5,900,000

For Sale

$5,900,000

36,545 sq ft mixed-use complex in Vero Beach.

Property Size36,545 SF

Lot Size2.07 Acres

Price / SF$161.44

AddedMar 11

Days on Market126

Last RefreshJul 2 at 7:55 am

Property Features for 1615 14th Ave

General Information

Standard status: Active
Size: 36,545 SF
Lot size: 2.07 Acres
Property subtype: Commercial

Building Details

Year Built: 1989

Listing office Alex MacWilliam, Inc. Real Estate

Listing date Mar 11, 2026

Source Elliman

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 Alex MacWilliam, Inc. Real Estate

Investment Insights

Based on property information with market context.

This 36,545 sq ft mixed-use commercial complex is located in Vero Beach. The property features 12 residential apartments, as well as retail, office, restaurant, and medical spaces. It is situated in a high-traffic area and includes road frontage, ample parking, an elevator, and fire sprinklers. The roof was replaced in 2023, and the property is undergoing ongoing upgrades.

Key Highlights

Prime 36,545 sq ft mixed‑use commercial complex.
Diverse tenant mix includes 12 residential apartments, retail, office, restaurants, and medical spaces.
High‑traffic location in Vero Beach with excellent road frontage.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$732.4k	$20.04
− Vacancy	−$76.9k	−$2.10
EGI	$655.5k	$17.94
− OpEx	−$245.8k	−$6.73
NOI	$409.7k	$11.21

36,545 SF · lease $20.04/SF/yr · vacancy 10.50% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$5.85M

$5.12M – $6.83M (±1% cap)

NOI $409,665 @ 7.0% cap · market cap 6.94%

Second Best

Office B

$5.59M

$4.89M – $6.52M (±1% cap)

NOI $391,068 @ 7.0% cap · market cap 6.63%

Theoretical Best

Specialty Retail

$8.01M

$7.01M – $9.35M (±1% cap)

NOI $561,013 @ 7.0% cap · market cap 9.51%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

C & L Associates Apartment Building

Suggested Use

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For sale
Mixed-use properties
FL
Vero Beach
32960
1615 14th Ave

What type of property is this?

Mixed-use property - 36,545 sq ft mixed-use complex in Vero Beach.

Where is this mixed-use property located?

The property is located at 1615 14th Ave Vero Beach, FL.

What is the asking price?

The asking price for this property is $5,900,000.

What are key features of this property?

This property features: Prime 36,545 sq ft mixed‑use commercial complex.; Diverse tenant mix includes 12 residential apartments, retail, office, restaurants, and medical spaces.; High‑traffic location in Vero Beach with excellent road frontage.