Freestanding Retail Building in Shell
8801 20th St Vero Beach, FL 32966
For Sale
$1,350,000
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 Market20
Property Features for 8801 20th St
General Information
- Standard status
- Active
- Size
- 2,640 SF
- Lot size
- 0.46 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing Agency:
TOTAL R E CONSULTANTS INC
(954) 551-9427
Listed By:
J. Josep D Pelayo · License #A12007302
(954) 551-9427
Source:
Elliman
Added: Jul 4
Changed: Jul 23
Last Checked: Jul 23 at 5:14AM
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
West End Grooming
Pet Grooming Service
ATM (7-Eleven)
Atm
FAQs
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
