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Property profile & analytics
FOR SALE
Turn key restaurants

1103 21St St Vero Beach, FL 32960

5,145 SF 0.67 ac lot Built 1930
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US18-3456588
No photos on file
For Sale
$1,695,000 5,145 SF
1103 21St St, Vero Beach, FL 32960
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Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Construction WOOD
Total area 5,145 SF
Lot 0.67 ac (29,185 SF)
Zoning code C-1B
APN 33-39-01-00022-0020-00001.0
UPID US18-3456588
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Patio Vero LLC · 2 yrs held
Patio Vero LLC
since 2023
6 recorded transactions
2026
Price N/A
2023
Price N/A
2022
$600,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-1B · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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