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    8525 20Th St Vero Beach, FL 32966

    For Sale
    $1,550,000

    Prime SR 60 location, income producing!

    Property size:
    1,359 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional Vero Beach commercial property offers a unique investment opportunity. The 4.99-acre lot boasts 165 feet of frontage on State Road 60 and a depth of 1,255 feet. Approximately half the land is cleared and fenced. The property includes a 1,359 square foot executive office building situated at the front of the lot. Currently leased, generating rental income, this property is zoned General Commercial (CG). Conveniently located near I-95, shopping, and restaurants, it offers excellent visibility and accessibility. Utilities include county water and sewer, and Florida Power & Light. The 2021 property taxes were $5,518.84. The asking price for this turnkey investment is $1,550,000, representing a price per square foot of $1,140.54. This property presents a compelling combination of land and income-producing office space in a high-demand location. The substantial lot size allows for future development potential, making it an ideal investment for both immediate returns and long-term growth. The property's address is 8525 20th St, Vero Beach, FL 32966, within Indian River County.

    Property Features for 8525 20Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,359 SF
    Lot Size
    217,364 SF

    HighLights

    • 4.99‑acre lot with 165 feet of State Road 60 frontage.
    • 1,359 sq ft executive office building, currently leased.
    • General Commercial (CG) zoning.
    • Excellent visibility and accessibility near I‑95.
    • $1,550,000 asking price; $1,140.54/sq ft.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pristine Leasing company ... Trailer Dealer Yellowstone Landscape Landscaper Stabe's Landscaping Landscaper Year Round Lawn ... Landscaper

    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
    -80.5024909
    Latitude
    27.6386602

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    FAQs

    What type of property is this?
    Office Property / Space - Prime SR 60 location, income producing!
    Where is this office property / space located?
    The property is located at 8525 20Th St Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: 4.99-acre lot with 165 feet of State Road 60 frontage.; 1,359 sq ft executive office building, currently leased.; General Commercial (CG) zoning.
    Request Owner's contact information
    8525 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
    8525 20Th St Vero Beach, FL 32966
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