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    OFF-MARKET
    Land

    0 20Th St, Vero Beach, FL 32966

    9.9 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 9.9-acre commercial land parcel boasts 330 feet of frontage on SR 60 in Vero Beach, Florida, offering unparalleled visibility and accessibility. Located in Indian River County, zip code 32966, this property presents a significant development opportunity. The current zoning is (CL) Limited Commercial, with the possibility of rezoning to Commercial General (CG). The property's depth is approximately 1,300 feet. County water and sewer are available nearby. The 2022 property taxes were $7,116.67. A proposed division, illustrated in the photos, shows potential for separate parcels. If divided, an access easement must remain for the rear property. The asking price for the entire 9.9-acre site is $2,990,000. However, a potential buyer could purchase the property in two separate parcels: Parcel A (3.41 acres) for $1,950,000 and Parcel B (6.44 acres) for $1,650,000. This prime location offers close proximity to I-95, placing it in a high-growth corridor with convenient access to shopping and restaurants. This is an ideal investment for developers seeking a strategic location with high visibility and potential for various commercial uses.

    Property profile
    Verified
    Property type Land
    Lot 9.9 ac (431,244 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
    by Request
    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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