2022 Us-1 Vero Beach, FL 32960
This exceptional 1.04-acre commercial land parcel presents a remarkable redevelopment opportunity in Vero Beach, Florida. Boasting 45,302 square feet, the property enjoys a highly visible corner location at the intersection of US Highway 1 and 20th Street, offering 150 feet of frontage on US-1 and 322.5 feet on 20th Street. The site benefits from exceptional traffic counts, with a 2023 Annual Average Daily Traffic (AADT) of 24,684 vehicles. Its strategic location places it in close proximity to established businesses such as McDonald's, Burger King, IHOP, Sonic, and a Walmart Neighborhood Market, as well as Vero's Miracle Mile, ensuring high visibility and accessibility. Zoned for (C-1) Highway Oriented Commercial and (POI) Professional, Office & Institutional uses, this versatile property is ideal for a wide range of commercial developments, including restaurants, retail establishments, and fast-food outlets. City water, sewer, and FPL utilities are readily available. A ground lease is available at $10,000 per month. This is a rare chance to acquire a high-impact commercial property in a thriving Vero Beach location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.