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Multi-Building Flex and Industrial Portfolio
For Sale
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1146 21st Street, Vero Beach, FL 32960

Three buildings total 14,000-plus SF on 1.8+- acres with partitioned units across 17 rentable spaces.

Property SizeContact for details
Days on Market124

Property Features for 1146 21st Street

General Information

Standard status Active
Property subtype Industrial, Special Purpose
Listing Agency: Dale Sorensen Real Estate Inc
Listed By: Andy Jansky · License #FL
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 23 at 3:56AM

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 Dale Sorensen Real Estate Inc

Investment Insights

Based on property information with market context.

This for-sale flex and industrial portfolio includes three buildings totaling approximately 14,000+/- square feet on 1.8+/- acres. Two of the buildings are partitioned into 17 rentable units, with 10 units currently rented on a gross basis. Current gross annual revenue is reported at $108,000+/-.

The property is located directly on the US Highway 1 corridor and is positioned for investors considering repositioning or commercial redevelopment. The offering is presented as a value-add opportunity, with seller financing indicated as available.

As configured today, the asset combines multiple building structures with an existing unit layout, providing an investment platform that can be maintained and potentially enhanced through property upgrades or redevelopment planning.

Key Highlights

  • Three buildings totaling 14,000+/- SF on 1.8+/- acres on the US Highway 1 corridor
  • 17 rentable units across two partitioned buildings; 10 units currently rented
  • Current gross rental income of $108,000+/- annually from the rented units

Property Analytics

Current Use

Stuart Pain Management ... Physician Shields Automotive group ... Car Dealership My Image Photography Photography Service Golf Cart Center Golf Cart Dealer Paintless Dent Repair ... Auto Repair Shop

Suggested Use

Top Pick Pet Grooming Service Butcher Carpet & Flooring Store Locksmith Tanning Salon (Bike/Boat/Book/etc) Store

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

628
Businesses Nearby
Under-served
Demand for This Use

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 Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Three buildings total 14,000-plus SF on 1.8+- acres with partitioned units across 17 rentable spaces.
Where is this flex space located?
The property is located at 1146 21st Street Vero Beach, FL.
What are key features of this property?
This property features: Three buildings totaling 14,000+/- SF on 1.8+/- acres on the US Highway 1 corridor; 17 rentable units across two partitioned buildings; 10 units currently rented; Current gross rental income of $108,000+/- annually from the rented units
More about this property
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