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Property profile & analytics
OFF-MARKET
Retail space

1931 Old Dixie Hwy Vero Beach, FL 32960-3579

2,448 SF 0.09 ac lot Built 1920
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US19-0663087
Property summary
AI-generated overview

This thriving restaurant at 1931 Old Dixie Highway in Vero Beach, Florida, presents a unique investment opportunity. Located in the vibrant Downtown Arts District, this established business boasts a highly profitable track record and is offered at $1,150,000. The property includes three units, a spacious outdoor patio area, and is equipped with a fully functional kitchen, including a walk-in freezer. The building, constructed in 1920, benefits from a newer air conditioning system. A significant advantage is the inclusion of an SRX Liquor License, streamlining operations for the new owner. The current management team is willing to transition with the sale, ensuring a smooth handover and continued operational success. This turnkey operation offers a substantial return on investment for an experienced owner/operator. The property's address is 1931 Old Dixie Highway, Vero Beach, FL 32960, within Indian River County. The lot size is not specified. This is a rare chance to acquire a well-established, profitable restaurant in a prime location. The business's financial details are available upon request. Don't miss this exceptional opportunity to own a piece of Vero Beach's thriving culinary scene.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction WOOD
Total area 2,448 SF
Lot 0.09 ac (3,920 SF)
Zoning code DTW
APN 33-39-02-00007-0130-00002.0
UPID US19-0663087
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Dan's Garage Door Repair Hardware & Home Improvement General Contractor
  • Fishack Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
5 Double Yous LLC · 11 yrs held
5 Double Yous LLC
since 2015
5 recorded transactions
2019
Price N/A
2015
$500,000
2005
$340,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
DTW · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 and activity in the area as described in the Downtown Plan. Development standards in this district are designed to augment the traditional…

Zone name Downtown
General category MIXED_USE
Zone area 43.40 ac
Source Realmo
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