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    8756 20Th St Vero Beach, FL 32966

    Sponsored
    For Sale
    $1,457,500

    2.85 Acres, High-Traffic Area, Development Ready

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2.85-acre commercial land parcel presents a remarkable investment opportunity in Vero Beach, Florida. Located at 8756 20th St, Vero Beach, FL 32966, this property boasts a prime location within Vero's fastest-growing commercial corridor, offering excellent visibility and accessibility. The site features 200 feet of frontage on SR 60, a major thoroughfare with a high daily traffic count of 30,766 vehicles (2021 Indian River County data), ensuring significant exposure for any development. The property is comprised of twelve parcels and is zoned (CL) Limited Commercial District, permitting a wide range of uses including grocery stores, dine-in restaurants, hotels, and mixed-use developments. This flexibility allows for diverse development options to cater to the area's growing needs. Several new housing developments and a Publix shopping center are under development within a three-mile radius, further enhancing the property's value and potential. The site offers convenient east and westbound access via a dedicated turn lane. County water and sewer are available, and FPL provides electric service. The 2022 property taxes were $2,042.49. The asking price for this exceptional development site is $1,457,500. Don't miss this chance to capitalize on the thriving Vero Beach commercial market.

    Property Features for 8756 20Th St

    General Information

    Property type
    Land
    Lot Size
    124,146 SF

    HighLights

    • $1,457,500 asking price for 2.85 acres of commercial land.
    • Located in Vero Beach, FL, at 8756 20th St, in the (CL) Limited Commercial District.
    • Zoning allows for grocery stores, restaurants, hotels, and mixed‑use development.
    • High traffic count of 30,766 vehicles per day (2021 data).
    • Situated in Vero Beach's fastest‑growing commercial corridor, near new housing and a Publix.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

    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
    -80.507543
    Latitude
    27.639631

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    FAQs

    What type of property is this?
    Land - 2.85 Acres, High-Traffic Area, Development Ready
    Where is this land located?
    The property is located at 8756 20Th St Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $1,457,500.
    What are key features of this property?
    This property features: $1,457,500 asking price for 2.85 acres of commercial land.; Located in Vero Beach, FL, at 8756 20th St, in the (CL) Limited Commercial District.; Zoning allows for grocery stores, restaurants, hotels, and mixed-use development.
    (772) 778-2334
    Request Owner's contact information
    8756 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
    8756 20Th St Vero Beach, FL 32966
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