Mixed-Use Medical Office and
For Sale
Contact for pricing
Pending
1485 37th St, Vero Beach, FL 32960
Two-story masonry property with 14 units, including four medical office/service spaces, offering immediate access to Highway 1.
Property SizeContact for details
Lot Size1.23 Acres
Days on Market117
Property Features for 1485 37th St
General Information
Standard status
Pending
Lot size
1.23 Acres
Property subtype
Mixed Use, Multifamily, Retail
Site & Location
Traffic Count
31,500 vehicles/day
Highway Access
Yes
Additional Details
Office Units
4
Building Details
Year Built
1984
Stories
2
Listing Agency:
JLL - Tampa, Florida
(303) 525-8133
Listed By:
Joe Thavis · License #FL 3413769
Source:
Crexi
Added: Apr 12
Changed: Jul 20
Last Checked: Aug 6 at 5:47AM
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 JLL - Tampa, Florida
Investment Insights
Based on property information with market context.
Indian River Terrace is a two-story, 1984-built masonry mixed-use property on a 1.23-acre lot, featuring 14 “classic” units and four commercial units. The commercial space is comprised of medical office/service uses. The offering is presented as a value-add opportunity, with the plan to renovate unit interiors and pursue a loss-to-lease recapture strategy.
The property is directly adjacent to Cleaveland Clinic Indian River Hospital. It also has immediate access to Highway 1, described as the primary thoroughfare providing direct access to major employment hubs such as Fort Pierce and Palm Bay.
Additional nearby points of interest mentioned include Vero Beach Regional Airport, Indian River beaches, and Indian River Mall, along with major retail destinations such as Publix, Target, Starbucks, Panera Bread, and Petco.
The property is directly adjacent to Cleaveland Clinic Indian River Hospital. It also has immediate access to Highway 1, described as the primary thoroughfare providing direct access to major employment hubs such as Fort Pierce and Palm Bay.
Additional nearby points of interest mentioned include Vero Beach Regional Airport, Indian River beaches, and Indian River Mall, along with major retail destinations such as Publix, Target, Starbucks, Panera Bread, and Petco.
Key Highlights
- 14‑unit two‑story masonry property built in 1984 on a 1.23‑acre lot
- Includes four commercial units with medical office/service use
- Mixed‑use building directly adjacent to Cleaveland Clinic Indian River Hospital
Property Analytics
Current Use
Lease Details
4
Office units
31,500 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,420
Businesses Nearby
Explore this area
Business Placement
Demographics for 32960, FL
21,522
Population
11,590
Households
1.9
Avg Household Size
48
Median Age
25%
College-Educated
90%
High-School Grad
11.1 sq mi
ZIP Area
1,939
Density / Sq Mi
$52,350
Median Household Income
$30,236
Median Earnings
$1,171
Median Rent
$254,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story masonry property with 14 units, including four medical office/service spaces, offering immediate access to Highway 1.
Where is this apartment building located?
The property is located at 1485 37th St Vero Beach, FL.
What are key features of this property?
This property features: 14‑unit two‑story masonry property built in 1984 on a 1.23‑acre lot; Includes four commercial units with medical office/service use; Mixed‑use building directly adjacent to Cleaveland Clinic Indian River Hospital
