1890 98th Ave Vero Beach, FL 32966

Listing agency Lambert Commercial Real Estate Inc R**@lambertcommercial.com Show Phone

Listed by Ron Lambert · License #531778 Show Phone

Source Elliman

Added: Mar 27 Updated: Jul 20 at 8:03PM Checked: Jul 21 at 6:35AM

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Investment Insights

Based on property information with market context.

This multi-acre aviation property is currently used for airplane hangers and an airstrip and is located in an Opportunity Zone. The site is described as approximately 50.97 acres in a commercial/industrial land use designation to the north and approximately 25.59 acres in a multi-family land use designation to the south.

The property includes two artesian wells (#1 is 8–10 inches and #2 is 4 inches). Public remarks also note FPL and gas easements along the east boundary. Zoning is listed as (A-1) Agricultural -1.

We understand that the “Live Local Act” may allow up to 10 units per acre multi-family for the entire site if the developer builds at least 40% in affordable housing, based on the statement included in the public remarks.

Key Highlights

• Northern approx. 50.97 acres in Com/Ind land use and southern approx. 25.59 acres in multi‑fam land use
• Current use includes air plane hangers and an airstrip
• Two artesian wells on‑site: #1 is 8–10 inch and #2 is 4 inch

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FAQs

What type of property is this?

Aviation real estate - Multi-acre aviation property with airstrip, airplane hangers, and two artesian wells, with existing utility easements along the east boundary.

Where is this aviation real estate located?

The property is located at 1890 98th Ave Vero Beach, FL.

What is the asking price?

The asking price for this property is $7,645,500.

What are key features of this property?

This property features: Northern approx. 50.97 acres in Com/Ind land use and southern approx. 25.59 acres in multi‑fam land use; Current use includes air plane hangers and an airstrip; Two artesian wells on‑site: #1 is 8–10 inch and #2 is 4 inch