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    7735 21St St Vero Beach, FL 32968

    For Sale
    $399,000

    18.39 Acres, Spring-Fed Lake, Buildable Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 18.39-acre commercial property in Vero Beach, Florida, presents a unique investment opportunity. Located at 7735 21st Street SW, the expansive 801,068 square foot lot boasts a large, 100-foot-deep spring-fed lake, ideal for recreational activities such as diving or fishing. Four acres of high and dry land are available for development, offering ample space for construction. The property's pristine condition is noteworthy, free from the effects of past citrus farming and chemical use. Utilities are conveniently located nearby, although there are no existing septic systems or wells on the site. The absence of a homeowner's association (HOA) provides flexibility for development plans. Furthermore, a dock can be constructed without requiring permits, simplifying the process for potential buyers. The property's strategic location benefits from the upcoming new freeway access, providing easy connectivity to I-95. This offering presents a rare chance to acquire a substantial parcel of land with exceptional features and potential for diverse commercial uses. The asking price is $399,000, and owner financing is available. The property is situated in Indian River County, Florida, with a zip code of 32968.

    Property Features for 7735 21St St

    General Information

    Property type
    Land

    HighLights

    • 18.39‑acre commercial lot in Vero Beach, FL (7735 21st Street SW), offering 801,068 square feet of land.
    • Features a 100‑foot‑deep spring‑fed lake.
    • Includes 4 acres of developable high and dry land.
    • Clean site, free of prior citrus farming or chemical use; utilities nearby.
    • No HOA; dock construction permits not required.
    • Convenient access to I‑95 via upcoming freeway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply Spa & Massage Food Market Grocery Store Electrical Service Electronics Store Travel Agency Arcade & Gaming Center Toy Store Butcher

    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
    -80.486936
    Latitude
    27.559865

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    FAQs

    What type of property is this?
    Land - 18.39 Acres, Spring-Fed Lake, Buildable Land
    Where is this land located?
    The property is located at 7735 21St St Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: 18.39-acre commercial lot in Vero Beach, FL (7735 21st Street SW), offering 801,068 square feet of land.; Features a 100-foot-deep spring-fed lake.; Includes 4 acres of developable high and dry land.
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    7735 21St St Vero Beach, FL 32968
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    Vero Beach, FL 32968
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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
    7735 21St St Vero Beach, FL 32968
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