Technical
Financial
Distress signals
Property profile

1910 Old Dixie Hwy Vero Beach, FL 32960

OFF-MARKET
Retail space
Property ID
US18-5626405
1,800 SF 0.12 ac lot Built 1972
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,800 SF
Lot 0.12 ac (5,227 SF)
Zoning code DTW
APN 33-39-02-00007-0110-00021.0
UPID US18-5626405

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service

Location

1910 Old Dixie Hwy Vero Beach, FL 32960-3578
Vero Beach metro Census 50101 SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k

Owner & transaction history

since 2016
6 recorded transactions
2019
Price N/A
2018
Price N/A
2016
$250,000
2012
$170,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

DTW · Vero Beach, FL
Zoning description

The purpose of this district is to establish a set of flexible development standards which can be implemented in the Downtown Districts of Vero Beach. The Downtown District is designed to expand development opportunities…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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