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Property profile & analytics
FOR SALE
Warehouses

2315 14Th Ave Vero Beach, FL 32960

4,912 SF 0.14 ac lot Built 1955
Entity Owned 15-yr Hold Free & Clear
Property ID
US18-2035919
Property summary
AI-generated overview

This exceptional mixed-use property, located in the heart of downtown Vero Beach at 2315 14th Ave, presents a compelling investment opportunity. The property encompasses two hard corner lots (50x125 each), totaling 12,500 square feet, zoned C1-B commercial. A single-story, 5,000 square foot concrete block building sits on the site, featuring a newly installed roof and refreshed exterior, both completed in 2024. The interior is efficiently divided into 1,250 square feet of climate-controlled office space and 3,750 square feet of warehouse space. The property benefits from city water and sewer connections. A public parking lot is conveniently located directly across the street. Currently, a tenant occupies the space with a lease extending through June 2025, providing immediate income potential. The expansive lot size allows for significant future development, including the possibility of constructing additional building space on the southern lot or expanding parking facilities. This single-owner property offers unparalleled flexibility and substantial upside for the discerning investor. The property's address is 2315 14th Ave, Vero Beach, FL 32960, within Indian River County.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1955
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,912 SF
Lot 0.14 ac (6,098 SF)
Zoning code C-1B
APN 33-39-02-00001-0190-00006.0
UPID US18-2035919
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
  • TK Elevator Vero Beach General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Bailey Investments INC · 15 yrs held
Bailey Investments INC
since 2011
1 recorded transaction
2011
Price N/A
Zoning & alternative use
C-1B · Vero Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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