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Property profile

2400 102Nd Ave Vero Beach, FL 32966

FOR SALE
Land
Property ID
US18-3490350
156.07 ac lot
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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 Land
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

Location

2400 102Nd Ave Vero Beach, FL 32966
Vero Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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