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    2200 93Rd Ave Vero Beach, FL 32966

    Sponsored
    For Sale
    $1,500,000

    12 Acres, 90+ Lots, Vero Beach

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 12-acre parcel in Vero Beach, Florida, presents a unique multi-family development opportunity. Zoned A-1 Agricultural, the land use plan allows for up to 8 units per acre, yielding potential for 90+ lots. Currently platted, the property lacks road improvements but offers convenient access via SR 60 easement or 26th Street. Its prime location boasts excellent proximity to I-95 and SR 60, placing it near a major outlet mall and restaurants, reflecting the area's high commercial growth. A large multi-family development is planned next door, further enhancing the investment potential. County water and sewer are available, along with FPL electricity. The 2019 traffic count on the nearby road was approximately 28,704 vehicles. The property's 2023 taxes totaled $5,248.40. The asking price for all lots is $1,500,000. Additional roads may be abandoned if lots are assembled or purchased. This presents a compelling investment opportunity for developers seeking to capitalize on Vero Beach's thriving market. The address is 2200 93rd Ave, Vero Beach, FL 32966.

    Property Features for 2200 93Rd Ave

    General Information

    Property type
    Land
    Lot Size
    522,720 SF

    HighLights

    • 12‑acre multi‑family development site in Vero Beach, FL.
    • A‑1 Agricultural zoning allows for up to 90+ lots (8 units/acre).
    • Convenient access via SR 60 easement or 26th Street; close to I‑95 and SR 60.
    • Near major outlet mall and restaurants; adjacent to planned large multi‑family development.
    • County water, sewer, and FPL electricity available.
    • 2023 taxes: $5,248.40; Asking price: $1,500,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy

    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
    -80.517405
    Latitude
    27.644433

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    FAQs

    What type of property is this?
    Land - 12 Acres, 90+ Lots, Vero Beach
    Where is this land located?
    The property is located at 2200 93Rd Ave Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 12-acre multi-family development site in Vero Beach, FL.; A-1 Agricultural zoning allows for up to 90+ lots (8 units/acre).; Convenient access via SR 60 easement or 26th Street; close to I-95 and SR 60.
    (772) 778-2334
    Request Owner's contact information
    2200 93Rd Ave 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
    2200 93Rd Ave Vero Beach, FL 32966
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