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    915 Old Dixie Hwy Vero Beach, FL 32962

    For Sale
    $1,475,000

    2.16 AC Commercial Land, High Visibility

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    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 Features for 915 Old Dixie Hwy

    General Information

    Property type
    Land

    HighLights

    • 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.
    • Features county water/septic, FPL electric; current NOI $47,686, 3.23% cap rate at $1,475,000 asking price; 2022 taxes $7,754.69.
    • Seller may consider selling parcels separately.
    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 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
    -80.3807627
    Latitude
    27.5863467

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    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
    Request Owner's contact information
    915 Old Dixie Hwy Vero Beach, FL 32962
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    Vero Beach, FL 32962
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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
    915 Old Dixie Hwy Vero Beach, FL 32962
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