1201 19Th Pl Vero Beach, FL 32960
- Office buildings
- 38,472 SF
- 1.97 lot acres
Current Use by Public Records
- Skypoint Chiropractic / Vero Beach Chiropractor / Chiropractor / Alternative Medicine Practitioner
- Megtec Systems Inc / Industrial Equipment Supplier
- Edward Jones - Financial Advisor: Thomas P Kiernan, CFP® / Financial Consultant / Finance Broker
- HR Dynamics / Employment Agency / Human Resource Consulting
- Croom Construction Co / Construction Company
Property Details for 1201 19Th Pl
- Year built
- 2005
- Construction
- CONCRETE
- Lot size
- 1.97 lot acres
- Property size
- 38,472 SF
- Zone code
- DTW
- Property type
- Office buildings
- APN
- 33-39-02-00007-0110-00001.0
- APU
- 9223372036854775807
Description
This exceptional commercial property, located at 1201 19th Place in Vero Beach, Florida, presents a unique investment opportunity. Comprising two buildings totaling 40,068 square feet on a 1.97-acre lot, this Class B office complex offers a diverse range of spaces suitable for various business needs. Built in 1972 and extensively renovated in 2023, the property boasts a modern aesthetic while retaining its classic charm. The four-story buildings feature multiple tenancies, with available suites ranging from 100 to 1,293 square feet, catering to businesses of all sizes. The property includes ample parking, a significant advantage in the downtown Vero Beach area. The property is conveniently located in Indian River County, Florida, with easy access to major roadways and local amenities. The versatile space is ideal for medical, traditional, or executive office uses, and also includes a cell tower. Elevators are available for convenient access to all floors. This well-maintained property offers a blend of historical character and modern functionality, making it an attractive option for discerning businesses seeking a prime location in Vero Beach. The property's strategic location and recent renovations ensure a high return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $8,875,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $10,635,000
- 6.5%
- $10,235,000
- 7%
- $11,005,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $12,410,000
- Geo Method
- $12,400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $11,330,000
- Retail
- $12,250,000
- Mixed-Use
- $10,670,000
- Hospitality
- $11,645,000
- Educational
- $9,385,000
- Residential Income
- $10,190,000
- Energy
- $10,575,000
- Income-Based Land
- $10,895,000
- Food Service
- $9,515,000
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.3982
- Latitude
- 27.637
- CBSA code
- 42680
- CBSA name
- SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
