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    FOR SALE
    Commercial real estate

    2400 102Nd Ave, Vero Beach, FL 32966

    156.07 ac lot
    Property ID
    US18-3490350
    Property summary
    AI-generated overview

    This exceptional 156.07-acre property in Vero Beach, Florida, presents a unique investment opportunity. Strategically located in Indian River County, this land boasts a prime location near major transportation arteries, with easy access to an interchange within two miles. The property is zoned (A-2) Agricultural -2 District, but designated for Commercial/Industrial future land use, offering significant development potential. County water and sewer are readily available, and FPL electric services the area. The asking price is $21,069,450, with 2021 property taxes totaling $5,054.31. This expansive parcel is situated in an Opportunity Zone, adding further investment appeal. Note that an adjacent 34.64-acre parcel is currently under contract. The property's versatility allows for potential division, catering to various development scenarios. Its proximity to multiple hotels, restaurants, and shopping centers enhances its commercial viability. This is a rare chance to acquire a substantial land holding in a rapidly growing area of Florida's east coast. The combination of location, zoning, and infrastructure makes this an attractive proposition for both industrial and commercial development.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 156.07 ac (6,798,409 SF)
    UPID US18-3490350
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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