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    1865 Old Dixie Hwy Vero Beach, FL 32960

    Sponsored
    For Lease
    Contact for pricing

    Prime Vero Beach land, 0.54 acres, high traffic.

    Lot size:
    23,522 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 23,522 square foot (0.54-acre) parcel is ideally situated in Vero Beach's historic downtown district. Boasting a highly desirable location, this single-tenant property offers unparalleled access to a vibrant mix of restaurants, boutiques, and art galleries. The property's strategic placement ensures high visibility and accessibility, with an impressive average annual daily traffic (AADT) count of 21,500 vehicles. Its versatile zoning makes it suitable for a variety of development projects, including multifamily residential, retail spaces, office buildings, or even a boutique hotel. The substantial lot size provides ample room for creative design and construction, allowing for a significant return on investment. This is a rare opportunity to acquire a prime piece of real estate in a thriving Florida community, offering exceptional potential for growth and profitability. The property's location within the historic downtown area ensures a strong foundation for any development, capitalizing on the existing infrastructure and the area's established appeal. This is a unique chance to build upon the existing success of Vero Beach's vibrant downtown core. The high traffic count further enhances the property's value, guaranteeing significant exposure for any future business or development.

    Property Features for 1865 Old Dixie Hwy

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,522 SF

    Unit(s) available at that property

    Space
    Size
    23,522 SF

    HighLights

    • Prime location in Vero Beach's Historic Downtown.
    • Walkable to numerous restaurants, shops, and art galleries.
    • High visibility and street frontage on Old Dixie Highway.
    • Suitable for multifamily, retail, office, or hotel development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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
    -80.398608
    Latitude
    27.635663

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    FAQs

    What type of property is this?
    Land - Prime Vero Beach land, 0.54 acres, high traffic.
    Where is this land located?
    The property is located at 1865 Old Dixie Hwy Vero Beach, FL.
    What are key features of this property?
    This property features: Prime location in Vero Beach's Historic Downtown.; Walkable to numerous restaurants, shops, and art galleries.; High visibility and street frontage on Old Dixie Highway.
    Request Owner's contact information
    1865 Old Dixie Hwy Vero Beach, FL 32960
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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
    1865 Old Dixie Hwy Vero Beach, FL 32960
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