17-Unit Two-Story Bed and
For Sale
Contact for pricing
Pending
965 E Causeway Blvd, Vero Beach, FL 32963
Inn includes a manager suite, guest laundry, and second-floor deck near the beach.
Property Size7,342 SF
Lot Size0.34 Acres
Days on Market145
Property Features for 965 E Causeway Blvd
General Information
Standard status
Pending
Size
7,342 SF
Lot size
0.34 Acres
Property subtype
Hospitality
Zoning
RM-13
Net Operating Income
$204,000
Financials
Asking Price
$3,550,000
Cap Rate
6%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
17
Amenities
Second Floor Deck
guest laundry
Building Details
Year Built
1956
Stories
2
Listing Agency:
Lambert Commercial Real Estate Inc
Listed By:
Ron Lambert · License #FL 531778
(772) 778-2334
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 31 at 7:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lambert Commercial Real Estate Inc
Investment Insights
Based on property information with market context.
The property is a 7,342-square-foot, 17-unit inn built in 1956 on approximately .34 acres. The two-story layout includes one-bedroom efficiencies in the west wing and traditional-style efficiencies in the east wing, along with a manager suite at the entrance, guest laundry, and a second-floor deck. City water, sewer, and FPL service the property.
Located at 965 E Causeway Blvd in Vero Beach, the inn is near the beach and restaurants, with public parking immediately next door. The site provides approximately 114 feet of frontage and 127 feet of depth and is zoned RM-13. The property has a 6% cap rate based on a past four-year average NOI of $204,000.
Located at 965 E Causeway Blvd in Vero Beach, the inn is near the beach and restaurants, with public parking immediately next door. The site provides approximately 114 feet of frontage and 127 feet of depth and is zoned RM-13. The property has a 6% cap rate based on a past four-year average NOI of $204,000.
Key Highlights
- 7,342 SF, 17‑unit, two‑story inn built in 1956
- Approximately .34 acres with 114 ft. of frontage and 127 ft. of depth
- One‑bedroom efficiencies in the west wing and traditional‑style efficiencies in the east wing
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32963, FL
16,291
Population
12,344
Households
1.3
Avg Household Size
68
Median Age
68%
College-Educated
99%
High-School Grad
17.4 sq mi
ZIP Area
936
Density / Sq Mi
$142,985
Median Household Income
$80,536
Median Earnings
$2,000
Median Rent
$894,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Similar Off Market Nearby
- Sea Horse Beach Cottages — 1312 Ocean Dr, Vero Beach, FL 32963
Frequently Asked Questions
What type of property is this?
Bed & breakfast - Inn includes a manager suite, guest laundry, and second-floor deck near the beach.
Where is this bed & breakfast located?
The property is located at 965 E Causeway Blvd Vero Beach, FL.
What are key features of this property?
This property features: 7,342 SF, 17‑unit, two‑story inn built in 1956; Approximately .34 acres with 114 ft. of frontage and 127 ft. of depth; One‑bedroom efficiencies in the west wing and traditional‑style efficiencies in the east wing
