Freestanding Retail Building in Shell
For Sale
$1,350,000
8801 20th St, Vero Beach, FL 32966
Freestanding commercial building in shell condition on a 20,000+/- sq. ft. lot with on-site parking and CG zoning.
Property Size2,640 SF
Lot Size0.46 Acres
Price / SF$511.36
Days on Market29
Property Features for 8801 20th St
General Information
Standard status
Active
Size
2,640 SF
Lot size
0.46 Acres
Property subtype
Commercial
Zoning
CG
Site & Location
Traffic Count
30,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1975
Listing Agency:
Total R E Consultants Inc
(954) 551-9427
Listed By:
J. Josep D Pelayo · License #3005451
(954) 551-9427
Source:
Elliman
Added: Jul 4
Changed: Jul 23
Last Checked: Jul 31 at 11:43AM
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 Total R E Consultants Inc
Investment Insights
Based on property information with market context.
This freestanding commercial building totals 2,640± sq. ft. and is offered in shell condition, giving the next owner the flexibility to customize the interior for a specific concept. The property sits on a 20,000+/- sq. ft. lot and includes ample on-site parking for customer, employee, and vendor access.
Zoned CG, the site is suitable for a range of retail and commercial uses, including convenience stores, neighborhood markets, specialty retail, professional services, and personal service businesses, as allowed by the city. Surrounding businesses include IHOP, BP, hotels, and a mix of retail, restaurant, and service-oriented activity.
Access is supported by proximity to I-95, which can serve both local residents and travelers. Reported traffic indicators include 30,000 vehicles on 20th Street and 53,500 vehicles on I-95 (annual average daily traffic).
Zoned CG, the site is suitable for a range of retail and commercial uses, including convenience stores, neighborhood markets, specialty retail, professional services, and personal service businesses, as allowed by the city. Surrounding businesses include IHOP, BP, hotels, and a mix of retail, restaurant, and service-oriented activity.
Access is supported by proximity to I-95, which can serve both local residents and travelers. Reported traffic indicators include 30,000 vehicles on 20th Street and 53,500 vehicles on I-95 (annual average daily traffic).
Key Highlights
- 2,640± SF freestanding commercial building on a 20,000± SF lot
- Offered in shell condition for buyer customization to fit specific business needs
- CG zoning supports a range of retail and commercial uses
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.6k | $22.20 |
| − Vacancy | −$4.6k | −$1.73 |
| EGI | $54.0k | $20.47 |
| − OpEx | −$13.5k | −$5.12 |
| NOI | $40.5k | $15.35 |
2,640 SF · lease $22.20/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$579.0K
$506.6K – $675.5K
NOI $40,527 @ 7.0% cap · market cap 3.00%
Second Best
Retail
$362.3K
$317.1K – $422.7K
NOI $25,364 @ 7.0% cap · market cap 1.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
30,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
97k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 34%
Electronics 2%
Taco Bell
Dining
16,003 visits/mo
0.2 miles
Sonny's BBQ
Dining
14,505 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,396 visits/mo
0.5 miles
BP
Shops & Services
9,174 visits/mo
0.0 miles
KFC
Dining
8,946 visits/mo
0.2 miles
Demographics for 32966, FL
19,724
Population
11,887
Households
1.7
Avg Household Size
62
Median Age
33%
College-Educated
97%
High-School Grad
259.8 sq mi
ZIP Area
76
Density / Sq Mi
$63,144
Median Household Income
$39,945
Median Earnings
$1,442
Median Rent
$264,300
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding commercial building in shell condition on a 20,000+/- sq. ft. lot with on-site parking and CG zoning.
Where is this storefront property located?
The property is located at 8801 20th St Vero Beach, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 2,640± SF freestanding commercial building on a 20,000± SF lot; Offered in shell condition for buyer customization to fit specific business needs; CG zoning supports a range of retail and commercial uses
