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    626 Old Dixie Hwy Vero Beach, FL 32962

    For Sale
    $3,990,000

    Prime Vero Beach retail property, 11 units, excellent visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 11-unit retail property, located at 626 Old Dixie Hwy SW in Vero Beach, Florida (zip code 32962), presents a compelling investment opportunity. Built in 1985, this single-story building boasts a newly resurfaced asphalt parking lot offering excellent parking and high visibility for tenants. The property features a recently installed metal roof, providing both aesthetic appeal and enhanced durability, particularly beneficial in hurricane-prone areas. The location is a key advantage, situated near Oslo Road in a rapidly expanding area of Indian River County. This corridor is experiencing significant growth, with numerous new residential developments, shopping centers, and restaurants currently under construction. This high-demand location ensures strong tenant occupancy and potential for significant future appreciation. The property's 0 sq ft lot size indicates the building is likely situated on a larger parcel, details of which should be confirmed. The asking price is $3,990,000. This property is ideal for investors seeking a strong return in a thriving market.

    Property Features for 626 Old Dixie Hwy

    General Information

    Property type
    Land

    Building Details

    Year Built
    1985
    Stories
    1
    Units
    11

    HighLights

    • 11‑unit retail property in Vero Beach, FL (32962) at 626 Old Dixie Hwy SW.
    • Built in 1985, featuring a newly resurfaced parking lot and a recently installed metal roof.
    • High‑visibility location near Oslo Road in a rapidly growing area with new residential and commercial development.
    • Asking price: $3,990,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Charles A. Von Stein, ... Property Management Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -80.3809129
    Latitude
    27.5920817

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    FAQs

    What type of property is this?
    Land - Prime Vero Beach retail property, 11 units, excellent visibility.
    Where is this land located?
    The property is located at 626 Old Dixie Hwy Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $3,990,000.
    What are key features of this property?
    This property features: 11-unit retail property in Vero Beach, FL (32962) at 626 Old Dixie Hwy SW.; Built in 1985, featuring a newly resurfaced parking lot and a recently installed metal roof.; High-visibility location near Oslo Road in a rapidly growing area with new residential and commercial development.
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    626 Old Dixie Hwy Vero Beach, FL 32962
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    Vero Beach, FL 32962
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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
    626 Old Dixie Hwy Vero Beach, FL 32962
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