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    5720 Us-1 Vero Beach, FL 32967

    For Sale
    $1,995,000

    Established auto shop, great investment!

    Property size:
    4,864 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Vero Beach business opportunity encompasses a thriving automotive repair shop and a separate residence, all situated on a 0.93-acre lot at 5720 US-1, Vero Beach, FL 32967. The property features two buildings totaling 4,864 square feet; a 3,700 square foot auto shop and a 1,164 square foot residence. The auto shop is fully equipped with hydraulic lifts and benefits from a prime location on US-1, ensuring high visibility and easy access. The property boasts plentiful parking and is constructed of concrete block with security monitoring in place. The (CG) Commercial General zoning allows for diverse usage options, expanding future potential. The established business enjoys a reputable standing and a loyal customer base. Built in 1997, the property includes county water and septic, and FPL electricity. The 2023 property taxes were $5,676.47. This turnkey operation presents a rare opportunity to acquire a profitable business and valuable real estate for $1,995,000.

    Property Features for 5720 Us-1

    General Information

    Property type
    Automotive properties
    Square Feet
    4,864 SF
    Lot Size
    40,511 SF

    Building Details

    Year Built
    1997
    Buildings
    2
    Stories
    1

    HighLights

    • $1,995,000 asking price for a 4,864 SF retail property.
    • Located on US‑1 in Vero Beach, FL, on a 0.93‑acre lot.
    • Includes two buildings: a 3,700 SF auto shop and a 1,164 SF residence.
    • Features hydraulic lifts, concrete block construction, security monitoring, and ample parking.
    • Commercial General (CG) zoning allows for multiple uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Map

    City
    Vero Beach
    County
    Indian River
    State
    Florida
    Longitude
    -80.413911
    Latitude
    27.6971666

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    FAQs

    What type of property is this?
    Automotive property - Established auto shop, great investment!
    Where is this automotive property located?
    The property is located at 5720 Us-1 Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: $1,995,000 asking price for a 4,864 SF retail property.; Located on US-1 in Vero Beach, FL, on a 0.93-acre lot.; Includes two buildings: a 3,700 SF auto shop and a 1,164 SF residence.
    (772) 778-2334
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    5720 Us-1 Vero Beach, FL 32967
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    Vero Beach, FL 32967
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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
    5720 Us-1 Vero Beach, FL 32967
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