2400 102Nd Ave, Vero Beach, FL 32966
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.