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    6480 20Th St Vero Beach, FL 32966

    Sponsored
    For Lease
    $18 SF/Yr

    Prime Vero Beach retail, two units available.

    Lot size:
    6,302 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail opportunity in Vero Beach, Florida, presents two available spaces totaling 6,302 square feet within a thriving commercial center. Located at 6480 20th St, 32966, this property boasts a highly visible location on Route 60, enjoying approximately 32,000 vehicles per day. The site is zoned CG (General Commercial) and benefits from ample parking (approximately 70 spaces, or 5.5 per 1,000 square feet), including employee parking in the rear with direct customer access. Building and monument signage opportunities are available. Unit 103 offers 1,552 square feet with two restrooms, including a new ADA-compliant restroom. Unit 104-106 comprises 4,750 square feet and includes three restrooms. Both units feature impact windows and storefronts. Previously approved for assembly use, these spaces are ideally suited for a variety of retail businesses. Utilities include county water, sewer, and FPL electricity. The lease rate is $18.00 per square foot per year, NNN plus sales tax. This centrally located property is surrounded by a dense residential area, ensuring a strong customer base.

    Property Features for 6480 20Th St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,302 SF

    Unit(s) available at that property

    Space
    103
    Size
    1,552 SF
    Rate per SF
    $18
    Space
    104-106
    Size
    4,750 SF
    Rate per SF
    $18
    Property Profile Location Intelligence

    Current Use by Public Records

    Vocational Rehabilitation State Government Office Followers Of The Way Christian Church New Season Treatment ... Addiction Treatment Center 123 Video Arcade Double Diamond - Hot ... Video Arcade

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.4048306
    Latitude
    27.6445079

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Vero Beach retail, two units available.
    Where is this neighborhood center located?
    The property is located at 6480 20Th St Vero Beach, FL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    Request Owner's contact information
    6480 20Th St Vero Beach, FL 32966
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    Vero Beach, FL 32966
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6480 20Th St Vero Beach, FL 32966
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