1865 Old Dixie Hwy Vero Beach, FL 32960-3660
This exceptional 23,522 square foot (0.54-acre) parcel is ideally situated in Vero Beach's historic downtown district. Boasting a highly desirable location, this single-tenant property offers unparalleled access to a vibrant mix of restaurants, boutiques, and art galleries. The property's strategic placement ensures high visibility and accessibility, with an impressive average annual daily traffic (AADT) count of 21,500 vehicles. Its versatile zoning makes it suitable for a variety of development projects, including multifamily residential, retail spaces, office buildings, or even a boutique hotel. The substantial lot size provides ample room for creative design and construction, allowing for a significant return on investment. This is a rare opportunity to acquire a prime piece of real estate in a thriving Florida community, offering exceptional potential for growth and profitability. The property's location within the historic downtown area ensures a strong foundation for any development, capitalizing on the existing infrastructure and the area's established appeal. This is a unique chance to build upon the existing success of Vero Beach's vibrant downtown core. The high traffic count further enhances the property's value, guaranteeing significant exposure for any future business or development.
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
DTW · 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.