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Property profile & analytics
OFF-MARKET
Land

580 Us Highway 1 Vero Beach, FL 32962

1.88 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.88-acre commercial land parcel is ideally situated at 580 US Highway 1 in Vero Beach, Florida, zip code 32962. Zoned CG - General Commercial, this property presents a remarkable opportunity for developers and investors. The asking price is $1,200,000. All necessary infrastructure is already in place at the site, eliminating significant upfront development costs and expediting project timelines. This is a turnkey opportunity for businesses seeking a prime location with immediate access to high traffic volume on US Highway 1. The property's strategic location offers excellent visibility and accessibility, making it suitable for a wide range of commercial ventures. Furthermore, the seller is offering attractive incentives to facilitate a smooth transaction. Specifically, the owner is willing to build to suit the needs of a prospective buyer, tailoring the construction to meet specific business requirements. Alternatively, a ground lease arrangement is also available, providing flexibility for various investment strategies. This unique combination of location, zoning, and seller flexibility makes this property an exceptional investment opportunity in the thriving Vero Beach market. Don't miss this chance to acquire a highly desirable commercial land parcel in a prime location.

Property profile
Verified
Property type Land
Lot 1.88 ac (81,893 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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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