66Th Ave Vero Beach, FL 32967

Property Details for 0 66Th Ave

Lot size

78.28 lot acres

Property type

Land

Property subtype

Farms

Description

This exceptional 78.28-acre agricultural property in Vero Beach, Florida, presents a compelling investment opportunity. Located on 66th Ave, a road currently undergoing expansion to a four-lane divided highway, this land boasts 1300 feet of frontage. Its strategic location is adjacent to the Urban Service Area and just one mile east of the recently expanded City of Sebastian limits, suggesting significant future development potential. The property, a former citrus grove, is currently cleared and fenced for cattle, minimizing maintenance costs and resulting in low property taxes of $1993 annually due to the agricultural exemption. No wetlands are present on the site. Currently zoned A-1, allowing one unit per five acres, the property offers flexibility for various uses. Indian River County's ongoing review of its Comprehensive Land Use Plan indicates potential for future zoning changes and expansion. The asking price is $4,696,800, or $60,000 per acre, making this a highly attractive offering for investors seeking a quick sale. The APN is 32390500001011000001.0. This prime location, coupled with its current agricultural use and potential for future development, makes this a rare and valuable asset in a rapidly growing area.