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    6420 Us Highway 1 Vero Beach, FL 32967

    For Sale
    $2,849,000

    Prime 8.75-Acre Commercial Lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 8.75-acre commercial land parcel presents a remarkable investment opportunity in Vero Beach, Florida. Located at 6420 US Highway 1, this property boasts an impressive 1125+ feet of frontage on US Highway 1, a major thoroughfare, and additional frontage on Old Dixie Highway. The hard-corner location ensures high visibility and accessibility, benefiting from significant daily traffic counts. Its strategic position makes it suitable for a diverse range of commercial ventures, including retail, medical facilities, office spaces, restaurants, banking institutions, or daycare centers. The property is situated in a dynamic area experiencing substantial residential growth, particularly adjacent to the Antilles community, creating a strong and expanding customer base. This presents a unique chance to establish a business in a thriving neighborhood with excellent visibility and convenient access for customers. The asking price for this exceptional commercial land is $2,849,000. The property is located in Indian River County, Florida, zip code 32967. The coordinates are 27.710457 latitude and -80.418844 longitude.

    Property Features for 6420 Us Highway 1

    General Information

    Property type
    Land

    HighLights

    • 8.75‑acre commercial land parcel in Vero Beach, FL.
    • 1125+ feet of frontage on US Highway 1 and Old Dixie Highway, offering high visibility.
    • Hard‑corner location with excellent accessibility and high daily traffic counts.
    • Suitable for various commercial uses, including retail, medical, office, restaurants, and more.
    • Located in a high‑growth area near the Antilles community, ensuring a strong customer base.
    • Asking price: $2,849,000. Located in Indian River County, FL, zip code 32967.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Auto Parts Store Department Store Kitchen & Bath

    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
    -80.418844
    Latitude
    27.710457

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    FAQs

    What type of property is this?
    Land - Prime 8.75-Acre Commercial Lot
    Where is this land located?
    The property is located at 6420 Us Highway 1 Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $2,849,000.
    What are key features of this property?
    This property features: 8.75-acre commercial land parcel in Vero Beach, FL.; 1125+ feet of frontage on US Highway 1 and Old Dixie Highway, offering high visibility.; Hard-corner location with excellent accessibility and high daily traffic counts.
    Request Owner's contact information
    6420 Us Highway 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
    6420 Us Highway 1 Vero Beach, FL 32967
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