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Property profile & analytics
OFF-MARKET
Commercial real estate

623 29Th Ave Vero Beach, FL 32968

Property ID
US18-4515034
Property summary
AI-generated overview

This exceptional 14,374 square foot lot in Vero Beach, Florida, presents a unique dual-use opportunity for both commercial and residential development. Located at 623 29th Avenue SW, zip code 32968, this property is situated in Indian River County and offers significant potential. The land is ready for immediate development, having already been cleared. Conveniently located, the property boasts readily available water connections at the street, along with nearby power and internet access. The absence of a homeowner's association (HOA) and any restrictive covenants provides unparalleled flexibility for the buyer. This translates to the freedom to utilize the property for a variety of purposes, including the parking of work trucks or recreational vehicles. The expansive size also allows for the possibility of constructing secondary buildings, further enhancing the versatility and potential return on investment. This is an ideal location for those seeking a large, unrestricted lot with convenient utilities and the ability to customize their development to meet their specific needs. The asking price for this prime piece of real estate is $79,000.

Property profile
Verified
Property type Commercial real estate
UPID US18-4515034
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
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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