1245 16Th St Vero Beach, FL 32960
- Manufacturing properties
- 8,324 SF
- 0.48 lot acres
Current Use by Public Records
- Southeastern Rack Co / Manufacturer / Metal Fabricator
Property Details for 1245 16Th St
- Year built
- 1961
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.48 lot acres
- Property size
- 8,324 SF
- Zone code
- M
- Property type
- Manufacturing properties
- APN
- 33-39-01-00000-5000-00004.0
- APU
- 9223372036854775807
Description
This exceptional opportunity presents a vacant, 6,524 square foot manufacturing building situated on a 0.48-acre lot in Vero Beach, Florida. The property, located at 1245 16th Street, boasts a prime downtown location with 75 feet of frontage on 16th Street and 239.39 feet of depth. The building, constructed in 1961 of concrete block, features two structures. The North building comprises approximately 700 square feet of air-conditioned office/breakroom space, 4,300 square feet of air-conditioned shop space, and 1,500 square feet of un-air-conditioned space. It includes a 12x12 roll-up door and an 8x8 roll-up door. The South building offers approximately 700 square feet of office space and 1,100 square feet of work area with an 8x8 bay door. The property features a 13.5-foot clear ceiling height (15 feet to the bottom of the roof deck), 400 amp, 3-phase power, and ample parking for approximately 15 vehicles. The property is zoned (M) Industrial and benefits from natural gas, city water/sewer, and FPL electricity. 2023 property taxes totaled $8,766.11. The asking price for this rare opportunity is $1,325,000.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $830,000
- 6.5%
- $765,000
- 7%
- $710,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,149,000
Market price range: $1.15M - $2.47M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.3961
- Latitude
- 27.6311
- CBSA code
- 42680
- CBSA name
- SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA