0 20Th St, Vero Beach, FL 32966
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.
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
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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.