623 29Th Ave Vero Beach, FL 32968
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.
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
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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.