Vero Beach Development
For Sale
Contact for pricing
Pending
505 27th Avenue Southwest, Vero Beach, FL 32968
4.36 acres with development potential in Vero Beach, Florida.
Property Size3,137 SF
Lot Size4.36 Acres
Days on Market107
Property Features for 505 27th Avenue Southwest
General Information
Standard status
Pending
Size
3,137 SF
Class
C
Lot size
4.36 Acres
Property subtype
Multifamily, Office, Land
Zoning
(CL) Limited Commercial, (RS-3) 3 Units/ Acre
Building Details
Year Built
1980
Buildings
1
Stories
1
Units
2
Listing Agency:
Lambert Commercial Real Estate Inc
(407) 694-6562
Listed By:
David Stephens · License #BK 3464341
Source:
Crexi
Added: May 18
Changed: Aug 8
Last Checked: Jul 24 at 6:38PM
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 Lambert Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
This property offers development potential due to its split RS-3 and CL zoning, presenting options such as office conversion or redevelopment, institutional or community uses, mixed-use possibilities under appropriate approvals, and a single-family residential component or infill. The site benefits from strong visibility with significant front footage and corner exposure, enhancing awareness and accessibility. Existing improvements offer a value-add opportunity with a lower entry cost and upside through renovation or adaptive reuse. The location supports demand for commercial services, professional office space, and community-oriented uses. Utilities are available on site, including FPL and county water; the property utilizes a septic system. The property includes a 3,137 square foot building on 4.36 acres. Zoning is (CL) Limited Commercial and (RS-3) 3 Units/Acre.
Key Highlights
- Development potential: RS‑3 / CL zoning allows for office conversion, institutional uses, mixed‑use, or residential infill.
- Large 4.36‑acre lot with a 3,137 SF building.
- Value‑add opportunity: Existing building allows for renovation or adaptive reuse.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 32968, FL
15,006
Population
6,630
Households
2.3
Avg Household Size
50
Median Age
37%
College-Educated
95%
High-School Grad
43.5 sq mi
ZIP Area
345
Density / Sq Mi
$87,801
Median Household Income
$37,249
Median Earnings
$1,716
Median Rent
$357,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 4.36 acres with development potential in Vero Beach, Florida.
Where is this commercial land located?
The property is located at 505 27th Avenue Southwest Vero Beach, FL.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Development potential: RS‑3 / CL zoning allows for office conversion, institutional uses, mixed‑use, or residential infill.; Large 4.36‑acre lot with a 3,137 SF building.; Value‑add opportunity: Existing building allows for renovation or adaptive reuse.
