1890 98Th Ave Vero Beach, FL 32966
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76 Acres, Multi-Use Potential, Opportunity Zone
Property Features for 1890 98Th Ave
General Information
- Property type
- Airport retail
- Lot Size
- 3,334,954 SF
Listing Agent: Ron Lambert
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 76.56-acre property in Vero Beach, Florida, presents a unique investment opportunity. Currently utilized as an airport with airplane hangars and an airstrip, the site boasts two artesian wells (8-10 inch and 4 inch). Existing buildings total 41,900 square feet, with one structure built in 1973 (9,900 sq ft) and another built in 1973 (32,000 sq ft). The land is zoned A-1 Agricultural, but the county suggests potential rezoning to Industrial, Commercial, or Multi-Family residential (up to 10 units per acre) under the "Live Local Act," contingent upon the developer constructing at least 40% affordable housing. The northern 50.97 acres are designated for Commercial/Industrial use, while the southern 25.59 acres are zoned for Multi-Family development. The property is located within an Opportunity Zone, offering significant tax advantages. County water and sewer are available. The 2023 real estate taxes totaled $16,395.35. The asking price for the entire 76.56-acre property is $10,800,000 ($141,066 per acre); the northern 50.97 acres are also available for separate purchase at $7,645,500 ($150,000 per acre). This versatile property offers substantial development potential in a prime location. The address is 1890 98th Ave, Vero Beach, FL 32966.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Treasure Coast Soaring ...
Nightclub
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.527837
- Latitude
- 27.63726
Nearby Similar for Sale
FAQs
What type of property is this?
Airport retail - 76 Acres, Multi-Use Potential, Opportunity Zone
Where is this airport retail located?
The property is located at 1890 98Th Ave Vero Beach, FL.
What is the asking price?
The asking price for this property is $10,800,000.
What are key features of this property?
This property features: Located in an Opportunity Zone.; 76.56-acre site; potential for separate sale of 50.97 acres of commercial/industrial land and 25.59 acres of multi-family land.; Airplane hangars, airstrip, and two artesian wells.
