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    OFF-MARKET
    Land

    9625 20Th St, Vero Beach, FL 32966

    12.6 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 12.6 ac (548,856 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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