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    1745 20Th St Vero Beach, FL 32960

    For Sale
    $3,875,000

    Class A Office, 7,744 SF, Prime Location

    Property size:
    7,744 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional Class A office building, completed in 2021, offers 7,744 square feet of meticulously finished space in Vero Beach, Florida. Situated on a .34-acre lot (14,810 sq ft) with 105 feet of frontage on SR 60 and 140 feet of depth, this property boasts a prime location, almost directly across from the Indian River County Courthouse. The building features a traditional design with high-level finishes and offers 27 parking spaces, including 20 covered spots. Its convenient location provides easy access to major roadways, shopping, and restaurants. The property is zoned C1-B, allowing for general commercial trades and services. Utilities include city water, sewer, and FPL. The asking price is $3,875,000 ($500.39/sq ft). The building's solid construction adheres to current building codes. Individual suites are also available for lease with options to purchase, and the owner is open to selling smaller units. The 2021 AADT traffic count was 22,069. Suite lease rates (plus sales tax) are: Suite 202A (631 sq ft) $2,307.25/month

    Property Features for 1745 20Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,744 SF
    Class
    A

    Building Details

    Year Built
    2021
    Buildings
    1
    Stories
    2

    HighLights

    • 7,744 SF Class A office building completed in 2021 in Vero Beach, FL.
    • .34‑acre lot (14,810 SF) with 105' of frontage on SR 60.
    • Prime location across from the Indian River County Courthouse.
    • 27 parking spaces (20 covered).
    • Zoned C1‑B, allowing for general commercial uses. City water, sewer, and FPL utilities.
    • $3,875,000 asking price ($500.39/SF). Individual suites available for lease or purchase.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Watersports Town Home ... Home Insurance Agency Law Office of Dorothy ... Criminal Justice Attorney Steven's Dumpster Rental ... Dumpster Rental Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -80.403188
    Latitude
    27.638367

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, 7,744 SF, Prime Location
    Where is this office property / space located?
    The property is located at 1745 20Th St Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $3,875,000.
    What are key features of this property?
    This property features: 7,744 SF Class A office building completed in 2021 in Vero Beach, FL.; .34-acre lot (14,810 SF) with 105' of frontage on SR 60.; Prime location across from the Indian River County Courthouse.
    (772) 778-2334
    Request Owner's contact information
    1745 20Th St Vero Beach, FL 32960
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    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
    1745 20Th St Vero Beach, FL 32960
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