Vero Beach Acreage
For Sale
Contact for pricing
98th Ave, Vero Beach, FL 32966
76.56 acres suitable for industrial, commercial, or multi-family development.
Property Size41,900 SF
Lot Size76.56 Acres
Price / SF$171.60
Days on Market765
Property Features for 98th Ave
General Information
Standard status
Active
Size
41,900 SF
Lot size
76.56 Acres
Property subtype
Land
Zoning
(A-1) Agricultural District
Listing Agency:
Lambert Commercial Real Estate Inc
(772) 778-2334
Listed By:
Ron Lambert · License #FL 531778
Source:
Crexi
Added: Jul 5, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:32AM
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.
This 76.56-acre property, situated in an Opportunity Zone, features a northern portion of approximately 50.97 acres designated for Commercial/Industrial land use and a southern portion of approximately 25.59 acres intended for Multi-Family land use. Currently, the property accommodates airplane hangars and an airstrip. It includes two artesian wells, one measuring 8-10 inches and another at 4 inches. FPL and gas easements are located along the eastern boundary. Existing buildings on the property total 41,900 square feet, with 9,900 SF and 32,000 SF constructed in 1973. Zoned (A-1) Agricultural District, the county indicates potential for rezoning to Industrial, Commercial, or Multi-Family. A density of 10 units per acre may be achievable if the "Live Local Act" is utilized, contingent on the developer allocating at least 40% of the development to affordable housing. County water and sewer services are available, along with FPL electric. The owner may consider selling the northern 50.97 acres separately. Real estate taxes for 2023 totaled $16,395.35.
Key Highlights
- 76.56 Acres with potential for rezoning to Industrial, Commercial, or Multi‑Family use.
- Located in an Opportunity Zone.
- Two Artesian Wells: 8‑10 inch and 4 inch.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 32966, FL
19,724
Population
11,887
Households
1.7
Avg Household Size
62
Median Age
33%
College-Educated
97%
High-School Grad
259.8 sq mi
ZIP Area
76
Density / Sq Mi
$63,144
Median Household Income
$39,945
Median Earnings
$1,442
Median Rent
$264,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 76.56 acres suitable for industrial, commercial, or multi-family development.
Where is this commercial land located?
The property is located at 98th Ave Vero Beach, FL.
What is the asking price?
The asking price for this property is $7,190,134.
What are key features of this property?
This property features: 76.56 Acres with potential for rezoning to Industrial, Commercial, or Multi‑Family use.; Located in an Opportunity Zone.; Two Artesian Wells: 8‑10 inch and 4 inch.
