1265 Old Dixie Hwy Vero Beach, FL 32960-3746
- Strip malls
- 19,975 SF
- 2.27 lot acres
Current Use by Public Records
- Strip malls
Property Details for 1265 Old Dixie Hwy
- Year built
- 1996
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.27 lot acres
- Property size
- 19,975 SF
- Zone code
- C-1
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 33-39-12-00000-3000-00022.5
- APU
- 9223372036854775807
Description
This exceptional 2,100 square foot flex space, located at 1265 Old Dixie Hwy in Vero Beach, Florida (zip code 32960), presents a fantastic opportunity for a variety of businesses. The single-tenant building boasts a prime location in a high-visibility plaza, benefiting from significant daily traffic of 9,925 vehicles (2023 data). The property features ample parking, exceeding 4 spaces per 1,000 square feet, ensuring convenient access for customers and employees. The space includes a large glass storefront ideal for showcasing products or services, along with a rear roll-up door perfect for deliveries. Inside, the current layout comprises a reception area, two showrooms, two private offices or storage rooms, and two restrooms. Building and monument signage opportunities are available, further enhancing visibility. The zoning is (C-1) Highway Oriented Commercial, suitable for a range of retail and commercial uses. City water and FPL utilities are in place. The monthly lease rate is $2,950.50 plus sales tax, with additional charges of $13 and $3.86 per square foot for CAM. This property is an excellent choice for businesses seeking a highly visible and functional space in a thriving Vero Beach location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,750,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,555,000
- 6.5%
- $3,075,000
- 7%
- $3,185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,525,000
- Geo Method
- $2,855,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,370,000
- Retail
- $3,030,000
- Mixed-Use
- $3,615,000
- Hospitality
- $3,435,000
- Educational
- $3,330,000
- Residential Income
- $2,845,000
- Energy
- $3,580,000
- Income-Based Land
- $2,995,000
- Food Service
- $3,370,000
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.3953
- Latitude
- 27.6248
- CBSA code
- 42680
- CBSA name
- SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA