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Property profile

8701 20Th St Vero Beach, FL 32966

OFF-MARKET
Land
9.69 ac lot
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Property summary

AI-generated overview

This exceptional 9.69-acre commercial land parcel is strategically located at 8701 20th Street in Vero Beach, Florida, 32966. Situated on State Road 60 (20th Street), this property boasts exceptional visibility and accessibility, being only two-quarters of a mile east of the I-95 interchange. High traffic counts ensure significant exposure for any development. The property features a full median cut with dedicated turn lanes, providing convenient ingress and egress for customers and employees. Adding to its desirability, a Publix supermarket is currently under construction just one-quarter mile to the east, further enhancing the area's commercial appeal and foot traffic. All utilities are readily available on-site, simplifying the development process. The property is zoned CG, allowing for a variety of commercial uses. This prime location and convenient access make this 9.69-acre parcel an outstanding investment opportunity in a rapidly growing area. The asking price is $6,750,000.

Property profile

Verified
Property type Land
Lot 9.69 ac (422,096 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

8701 20Th St Vero Beach, FL 32966
Vero Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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