1910 Old Dixie Hwy Vero Beach, FL 32960-3578
- Retail space
- 1,800 SF
- 0.12 lot acres
Current Use by Public Records
- Sun Market Sauce Co. / Caterer / Restaurant
Property Details for 1910 Old Dixie Hwy
- Year built
- 1972
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.12 lot acres
- Property size
- 1,800 SF
- Zone code
- DTW
- Property type
- Retail space
- APN
- 33-39-02-00007-0110-00021.0
- APU
- 9223372036854775807
Description
This thriving downtown Vero Beach bistro and catering company is a turnkey opportunity for an ambitious restaurateur. Located at 1910 Old Dixie Hwy, Vero Beach, FL 32960, this established business boasts 1,900 square feet in a single-story, Class B building constructed in 1972. The property features a professionally built-out kitchen complete with saucier and butcher stations, a full bakery setup, ample refrigeration (including display refrigeration and espresso equipment), and two separate hoods (a 9-foot Ansul gas hood and a 7-foot FreshAir hood). The restaurant offers both indoor and outdoor seating for approximately 60+ patrons, including a covered patio. Eight private parking spots are available for customers. The business has been successfully operating for seven years and benefits from city water, sewer, and FPL utilities. The current lease is $3,600 per month plus sales tax. The asking price for this exceptional opportunity is $165,000. The permitted zoning is DTW. This is a rare chance to acquire a well-established, profitable restaurant in a prime Vero Beach location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $235,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $215,000
- 6.5%
- $230,000
- 7%
- $220,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $235,000
- Geo Method
- $245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $220,000
- Retail
- $265,000
- Mixed-Use
- $280,000
- Hospitality
- $215,000
- Educational
- $260,000
- Residential Income
- $240,000
- Energy
- $240,000
- Income-Based Land
- $210,000
- Food Service
- $215,000
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.3981
- Latitude
- 27.6363
- CBSA code
- 42680
- CBSA name
- SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA