5089 Florida A1A Vero Beach, FL 32963
This exceptional 3,216 square foot, two-story office building presents a unique investment opportunity in Vero Beach, Florida. Located at 5089 Florida A1A, this Class B property boasts a prime, high-visibility location directly on Highway A1A, offering significant frontage (98.9 ft) and easy beach access. Built in 1990, the building sits on a 0.34-acre lot and features numerous windows providing ample natural light on both floors. The layout includes a full kitchen, multiple offices, and conference rooms, along with two restrooms on each floor. The second floor also offers a private balcony. Twelve parking spaces are available, including one handicapped-accessible space. Currently vacant, this property offers immediate occupancy and the potential for individual floor rentals. The building is zoned RM-13 (High Density Multi-Family Residential District), presenting future development possibilities. City water and sewer, and FPL electricity are connected. The 2023 property taxes totaled $10,092.32. The asking price is $2,250,000, translating to $699.63 per square foot. This is a rare opportunity to acquire a well-located, versatile commercial property with significant upside potential.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.