9625 20Th St, Vero Beach, FL 32966
This exceptional 12.6-acre commercial land parcel presents a remarkable investment opportunity in Vero Beach, Florida. Strategically located on SR 60, this property boasts approximately 980 feet of road frontage and approximately 575 feet of depth, ensuring high visibility and accessibility. The (CG) General Commercial zoning allows for a wide range of potential uses, making it ideal for various commercial developments. The property's location within a high-growth area further enhances its investment potential. The site previously served agricultural purposes and features a gas easement at the east end. County water and sewer are available, and FPL provides electric service. The 2023 property taxes totaled $23,417.92. This expansive lot offers the possibility of subdivision into smaller out-parcels, providing flexibility for future development. An adjoining 76-acre parcel is also available for purchase, presenting an opportunity for significant expansion. The asking price for this exceptional property is $3,950,000. This is a rare opportunity to acquire a substantial commercial land holding in a thriving Florida market.
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
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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.