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915 Old Dixie Hwy Vero Beach, FL 32962

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2.16 AC Commercial Land, High Visibility

Property Features for 915 Old Dixie Hwy

General Information

Property type
Land

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Listing Contact
Ron Lambert
Ron Lambert

Listing Agent: Ron Lambert

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Exceptional investment opportunity in Vero Beach, Florida! This 2.16-acre commercial property boasts a prime location on Old Dixie Hwy SW and Oslo Road, offering over 570 feet of road frontage and high visibility. The property includes a 2,214 sq ft two-story office building (built 1922) and a 1,096 sq ft house (built 1950), presenting potential for immediate income or future redevelopment. The lot size is 94,089 sq ft, zoned (CG) General Commercial, allowing for diverse development options. The property features county water and septic, with FPL electric. Current pro-forma NOI is $47,686, resulting in a 3.23% cap rate at the asking price of $1,475,000. 2022 property taxes were $7,754.69. The seller may consider selling the corner parcel (1.15 acres) and the house (1.06 acres) separately. This is a rare opportunity to acquire a substantial commercial property in a thriving location with significant upside potential. Don't miss out on this exceptional investment.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Geodessey Research Research Institute Brent Holladay Marriage Or Relationship Counselor Grace Counseling Services Counselor Peirce Associates Inc. Architect 🏆 Direct Connect Auto ... Trucking Company

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

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  • Local Demand
City
Vero Beach
County
Indian River
State
Florida
Longitude
-80.3807627
Latitude
27.5863467

FAQs

What type of property is this?
Land - 2.16 AC Commercial Land, High Visibility
Where is this land located?
The property is located at 915 Old Dixie Hwy Vero Beach, FL.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Exceptional Vero Beach, FL investment opportunity: 2.16-acre commercial lot with 570+ ft of road frontage on Old Dixie Hwy SW & Oslo Rd.; Property includes a 2,214 sq ft two-story office building (1922) and a 1,096 sq ft house (1950), offering immediate income potential.; 94,089 sq ft lot zoned CG (General Commercial) allows diverse development options.
(772) 778-2334 Call to check price and availability
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