2205 14th Ave Vero Beach, FL 32960-2800
- Office buildings
- 7,536 SF
- 0.29 lot acres
Current Use by Public Records
- Treasure Coast Barter / Alternative Medicine Practitioner
- Fortis (Florida) / Financial Institution / Business To Business Service
Property Details for 2205 14th Ave
- Year built
- 1963
- Construction
- CONCRETE
- Lot size
- 0.29 lot acres
- Property size
- 7,536 SF
- Zone code
- DTW
- Property type
- Office buildings
- APN
- 33-39-02-00001-0300-00006.0
- APU
- 9223372036854775807
Description
This exceptional net-leased office building in Vero Beach, Florida presents a rare investment opportunity. Located in the desirable Downtown (DTW) zoning district, this 8,055 square foot, two-story building sits on a 0.43-acre lot with significant street frontage. Built in 1963 and fully renovated in 2019, the property boasts a modern interior and exterior, including a new roof, impact-rated windows and doors, six HVAC systems, a fire suppression system, and fiber optics. The building is currently 100% occupied by a single tenant under a lease extending to July 31, 2030, minimizing landlord responsibilities. Tenant pays all major operating expenses. Amenities include ample private parking, covered outdoor seating, and a private kitchen. The property offers a strong net operating income (NOI) of $232,800, resulting in a 6.48% capitalization rate. The asking price is $3,595,000, translating to $446.31 per square foot. Property taxes for 2023 were $14,108.20. City water and sewer, and FPL utilities are in place. This is a turnkey investment in a thriving downtown location with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.3996
- Latitude
- 27.6411
- CBSA code
- 42680
- CBSA name
- SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
