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    7420 20Th St Vero Beach, FL 32966

    Sponsored
    For Sale
    $800,000

    Prime QSR site, high traffic, vacant lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.98-acre vacant retail pad, zoned CN, presents a remarkable investment opportunity in Vero Beach, Florida. Located at the northwest corner of SR 60 and 74th Avenue, this property boasts a highly visible and accessible location with exceptional traffic counts. SR 60 sees an average annual daily traffic (AADT) of 18,700 vehicles, while 74th Avenue registers 16,700 AADT. The site is ready for immediate development, featuring stubbed utilities and offsite stormwater retention. Its ideal location makes it perfect for a quick-service restaurant (QSR) or similar fast-food establishment. The asking price is $800,000, translating to a land value of $816,327 per acre. The property's APN is 33380100001008000001.2. A neighboring 7-Eleven with new construction further underscores the area's strong commercial viability. This is a rare opportunity to acquire a prime retail pad in a high-traffic location with excellent visibility and immediate development potential. The address is 7420 20th St, Vero Beach, FL 32966.

    Property Features for 7420 20Th St

    General Information

    Property type
    Restaurants
    Lot Size
    42,689 SF

    HighLights

    • Pad‑ready retail site.
    • Located at the Northwest corner of SR 60 and 74th Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop 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
    -80.4800149
    Latitude
    27.6392483

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    FAQs

    What type of property is this?
    Restaurant - Prime QSR site, high traffic, vacant lot.
    Where is this restaurant located?
    The property is located at 7420 20Th St Vero Beach, FL.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: Pad-ready retail site.; Located at the Northwest corner of SR 60 and 74th Avenue.;
    (321) 722-0707
    Request Owner's contact information
    7420 20Th St 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
    7420 20Th St Vero Beach, FL 32966
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