505 27th Avenue Southwest Vero Beach, FL 32968

Building Details

Year Built

1980

Listing Agency Lambert Commercial Real Estate Inc d***@lambertcommercial.com Show Phone

Listed by David Stephens · License #BK 3464341

Source Crexi

Added: May 18 Checked: Jul 16 at 9:10 am

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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.

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FAQs

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.