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Property profile & analytics
OFF-MARKET
Land

2022 Us-1 Vero Beach, FL 32960

1.04 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.04 ac (45,302 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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