3611 Rio Vis Blvd Vero Beach, FL 32963-1543
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Vero Beach Rental Boats Boat Rental Service
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Sail Moonraker Tour Operator (Bike/Boat/Book/etc) Store
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Scrubbing Bubbles/dive Service (Bike/Boat/Book/etc) Store
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My Dinghy Dock Marina
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Atlantic Mobile Marine Service (Bike/Boat/Book/etc) Store
C-1M zoning district is consistent with the C, Commercial future land use designation. What uses are allowed in the C-1M zoning district? The following principal uses are permitted in the C-1M zoning district: Marinas Restaurants Restricted Sales and Service Recreation and Parks Public and Private Utilities Clubs Fire Stations Is the C-1M zoning district a m…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
C-1M · Vero Beach, FLC-1M zoning district is consistent with the C, Commercial future land use designation. What uses are allowed in the C-1M zoning district? The following principal uses are permitted in the C-1M zoning district: Marinas Restaurants Restricted Sales and Service Recreation and Parks Public and Private Utilities Clubs Fire Stations Is the C-1M zoning district a mixed-use zoning district? No. The C-1M, Marina zoning district is primarily for marina services with facilities oriented to users of the docks, moorings, and watercraft, limited commercial services, and servicing, repairing, and storage of watercraft. The zoning district has a focused commercial purpose to commercial and recreational marina services and does not have an intent or purpose for the development of mixed-use projects that combine commercial uses with residential or industrial uses. Does the City plan to build a hotel at the City Marina? No. The Marina Master Plan does not propose a hotel at the City Marina. Phase I, Dry Storage Building replacement at the South Complex is currently under site plan review and does not propose a hotel at the South Complex site. Could a 100+ room hotel be constructed at the City Marina? No. Although the hotels are allowed as accessory uses to the principal marina use in the C-1M zoning district, the City could not lease a portion of the marina to a commercial hotel operator for the following reasons: The City Marina is protected property pursuant Section 5.05 of the City Charter. Land at the City Marina may only be leased for a public or civic purpose which also serves a recreational, artistic, or cultural purpose, including incidental concessions without a citizen referendum. A commercial hotel is not a civic purpose that serves a recreational, artistic, or cultural purpose, and is not an incidental concession. The Marina South Complex is currently under site plan review to construct a new dry storage facility. Although the site is not a protected property pursuant Section 5.05 of the City Charter, the site is too small to construct a 100+ room hotel. A 100+ room hotel structure would exceed the FAR of 1.0 for the site and could not provide the required on-site 125+ parking spaces. Bob Summers Park / Vero Beach Dog Park is protected property pursuant Section 5.05 of the City Charter and is designated P, Park Future Land Use designation in the City’s Comprehensive Plan. Pursuant to Policy 1.13 of the Land Use Element, a commercial use, such as a hotel, is not a consistent or allowed use in property designated P, Park.
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.