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    5195 20Th St Vero Beach, FL 32966

    Sponsored
    For Sale
    $1,250,000

    Prime Vero Beach commercial land, ±0.99 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 0.99-acre commercial land parcel presents a unique investment opportunity in Vero Beach, Florida. Located at 5195 20th Street, this property boasts a highly desirable location within Vero Beach's thriving retail corridor, enjoying close proximity to the Indian River Mall. The site offers approximately 3,600 square feet of outparcel space, presenting flexibility for various development scenarios. Potential uses include ground lease opportunities or build-to-suit projects, catering to a wide range of commercial ventures. The asking price for this strategically positioned land is $1,250,000. Its advantageous placement near a major retail center ensures high visibility and accessibility, making it an ideal location for businesses seeking strong foot traffic and convenient access for customers. The property's size and location in Indian River County, Florida, with a zip code of 32966, offer significant potential for growth and return on investment. This is a rare opportunity to acquire a prime commercial land parcel in a high-demand area. The property includes cross-access with an adjacent property, further enhancing its appeal and potential for synergistic development. Don't miss this chance to secure a valuable asset in a flourishing market.

    Property Features for 5195 20Th St

    General Information

    Property type
    Land
    Lot Size
    43,124 SF

    HighLights

    • 3,600 SF outparcel on a 0.99‑acre lot; available for sale, ground lease, or build‑to‑suit.
    • $1,250,000 asking price.
    • Cross‑access with adjacent properties.
    • Vero Beach retail corridor location near Indian River Mall.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -80.44028
    Latitude
    27.638082

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    FAQs

    What type of property is this?
    Land - Prime Vero Beach commercial land, ±0.99 acres.
    Where is this land located?
    The property is located at 5195 20Th St Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: 3,600 SF outparcel on a 0.99-acre lot; available for sale, ground lease, or build-to-suit.; $1,250,000 asking price.; Cross-access with adjacent properties.
    (561) 869-5195
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    5195 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
    5195 20Th St Vero Beach, FL 32966
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