US Highway 1 Redevelopment
6695 US-1, Vero Beach, FL 32967
Call to check price and availability
1.5-acre commercial property with existing improvements and expansion potential.
Type:Industrial, Mixed Use
Property size:
11,050 SFLot size:
1.50 AcresPrice / SF:
$180/SF- Added:
- Feb 18, 2026
- Days on Market:
- 87
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 6695 US-1
General Information
- Standard status
- Active
- Size
- 11,050 SF
- Lot size
- 1.50 Acres
- Property subtype
- Industrial, Mixed Use
Listing agent Christopher Flaig License #3495792
Listing office Flaig Commercial Group (772) 766-2001
Listing date Feb 18, 2026
Source Crexi
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 Flaig Commercial Group
HighLights
- Prime 1.5‑acre redevelopment opportunity on US Highway 1.
- Zoned Commercial Heavy with approval to construct an additional 4,500 square feet.
- High traffic count of approximately 26,500 vehicles per day.
- Existing 11,000+ square feet of rentable improvements.
- Strategically located between Sebastian and Vero Beach in a high‑growth corridor.
- Surrounded by established and new residential communities.
Overview
This 1.5-acre property is positioned on US Highway 1, situated between Sebastian and Vero Beach, in a rapidly growing corridor of Indian River County. Zoned Commercial Heavy, the site benefits from approximately 26,500 vehicles per day in direct frontage exposure. The property includes over 11,000 square feet of existing rentable improvements, with approval in place to construct an additional 4,500 square feet. The location, zoning flexibility, traffic counts, and surrounding residential density make this asset suitable for redevelopment, an owner occupant seeking income offset, or an investor targeting service-oriented tenants. The corridor is surrounded by established residential communities and multiple new upscale neighborhoods currently under construction. Population density and household income trends support continued commercial absorption along this stretch of US1. Nearby demand drivers include Vero Beach Regional Airport, Wabasso Bridge providing direct barrier island access, and Harbor Point Retail Plaza anchored by Publix. This presents a prime redevelopment and owner-user opportunity.
Financial Insights
Value Estimation Calculated for Mixed Use
Conservative
$1.38M
NOI $123,869 @ 9.00% cap · cautious / downside scenario
Moderate
$1.77M
NOI $123,869 @ 7.00% cap · market / base-case scenario
Aggressive
$2.48M
NOI $123,869 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Mixed Use
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $221.4k | $20.04 |
| − Vacancy | −$23.3k | −$2.10 |
| EGI | $198.2k | $17.94 |
| − OpEx | −$74.3k | −$6.73 |
| NOI | $123.9k | $11.21 |
11,050 SF · lease $20.04/SF/yr · vacancy 10.50% · expense 37.50%
Alternative Use Scenarios
Best Use
Mixed Use
$1.77M
$1.55M – $2.06M
NOI $123,869 @ 7.0% cap · market cap 6.19%
Second Best
Retail
$1.52M
$1.33M – $1.77M
NOI $106,163 @ 7.0% cap · market cap 5.31%
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.83M
NOI $169,632 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.4202402
- Latitude
- 27.7149023
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 1.5-acre commercial property with existing improvements and expansion potential.
Where is this mixed-use property located?
The property is located at 6695 US-1 Vero Beach, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Prime 1.5‑acre redevelopment opportunity on US Highway 1.; Zoned Commercial Heavy with approval to construct an additional 4,500 square feet.; High traffic count of approximately 26,500 vehicles per day.
