1103 21St St Vero Beach, FL 32960
This iconic Vero Beach restaurant building, a well-established landmark, presents a remarkable opportunity for lease or sale. Spanning 5,145 square feet on a .67-acre lot (29,185.2 sq ft), this single-tenant property boasts approximately 87 feet of road frontage on US1 and 165 feet on SR 60 West. The building, constructed in 1930, features upscale fixed dining rooms and a bar, along with an inviting outdoor patio and bar area. This turnkey operation includes a full liquor license and ample parking, catering to a dedicated customer base along the Treasure Coast. The property is zoned C-1B (General Commercial Trades and Services) in Indian River County, Florida, and benefits from city water and FPL utilities. Annual property taxes are $11,065.84 (2022). Lease terms are $12,000 per month plus sales tax, while the sale price is $1,600,000. Furnishings and equipment are available for an additional $125,000. This is an exceptional opportunity to acquire a thriving business in a prime Vero Beach location. The address is 1103 21st St, Vero Beach, FL 32960.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
C-1B · Vero Beach, FLVero Beach. Always verify with local authorities before improvements.
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.