1146 21st St Vero Beach, FL 32960-6492
This exceptional investment opportunity presents a 1.81-acre commercial property situated on a high-traffic corner of US Highway 1 in Vero Beach, Florida. The property, located at 1146 21st Street, zip code 32960, boasts a substantial lot size of 78,843.6 square feet and comprises two buildings currently occupied by active tenants. Constructed in 1966, this property offers a proven track record of income generation, with the existing tenants generating an annual gross revenue exceeding $110,000. The property is zoned for commercial use and includes a total of ten units, making it an ideal investment for both seasoned and emerging investors seeking a strong return on investment. The property's prime location on a busy highway ensures high visibility and accessibility, attracting a steady stream of potential customers. This is a rare opportunity to acquire a well-established, income-producing retail property in a thriving Florida market. The asking price is $2,275,000. This represents a significant opportunity for investors seeking a stable and profitable addition to their portfolio. The property's size and location offer considerable potential for future development and expansion. Serious inquiries are encouraged.
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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-1 · 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.