Retail/Office Space with Monument
8801 20th Street Vero Beach, FL 32966
For Sale
$950,000
2,640 SF retail/office space with major exterior renovations, 400-amp 3-phase power, and zoning permitting medical, retail, or office use.
Property Size2,640 SF
Price / SF$359.85
Days on Market398
Property Features for 8801 20th Street
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Retail
Building Details
Year Built
1975
Listing Agency:
Alex MacWilliam, Inc.
(772) 473-2521
Listed By:
T.P. Kennedy · License #3377487
(772) 473-2521
Source:
Xome
Added: Jun 27, 2025
Changed: Jul 21
Last Checked: Jul 22 at 3:54AM
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 Alex MacWilliam, Inc.
Investment Insights
Based on property information with market context.
This 2,640 SF retail/office space has completed major exterior renovations, including a new façade, landscaping, lighting, a resurfaced parking lot, and monument signage. The interior was gutted and is ready for a new concept, with a buildout allowance offered to approved tenants.
The property is located on Prime State Road 60 frontage, approximately one-quarter mile east of I-95. Zoning permits medical, retail, or office use, supported by a 400-amp, 3-phase electric service. The property also has deed restrictions prohibiting grocery, food/beverage distributors, auto parts, vape, or tobacco sales. The space was formerly a convenience store.
The property is located on Prime State Road 60 frontage, approximately one-quarter mile east of I-95. Zoning permits medical, retail, or office use, supported by a 400-amp, 3-phase electric service. The property also has deed restrictions prohibiting grocery, food/beverage distributors, auto parts, vape, or tobacco sales. The space was formerly a convenience store.
Key Highlights
- 2,640 SF retail/office space with major exterior renovations complete, including new façade, landscaping, lighting, monument signage, and resurfaced parking lot.
- Prime State Road 60 frontage about 1/4 mile east of I‑95.
- 400‑amp, 3‑phase electric service.
Financial Insights For Healthcare Medical
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 | $66.5k | $25.20 |
| − Vacancy | −$7.0k | −$2.65 |
| EGI | $59.5k | $22.55 |
| − OpEx | −$23.8k | −$9.02 |
| NOI | $35.7k | $13.53 |
2,640 SF · lease $25.20/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$510.4K
$446.6K – $595.4K
NOI $35,726 @ 7.0% cap · market cap 3.76%
Second Best
Office B
$403.6K
$353.1K – $470.9K
NOI $28,251 @ 7.0% cap · market cap 2.97%
Theoretical Best
Specialty Retail
$579.0K
$506.6K – $675.5K
NOI $40,527 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 2,640 SF retail/office space with major exterior renovations, 400-amp 3-phase power, and zoning permitting medical, retail, or office use.
Where is this retail space located?
The property is located at 8801 20th Street Vero Beach, FL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 2,640 SF retail/office space with major exterior renovations complete, including new façade, landscaping, lighting, monument signage, and resurfaced parking lot.; Prime State Road 60 frontage about 1/4 mile east of I‑95.; 400‑amp, 3‑phase electric service.
