8905 20th St Vero Beach, FL 32966-1711
- Drive through restaurants
- 3,055 SF
- 1.17 lot acres
Current Use by Public Records
- Coreet Animal Group / Animal Protection Organization
- Editex Wildlife Group / Animal Protection Organization
Property Details for 8905 20th St
- Year built
- 1995
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.17 lot acres
- Property size
- 3,055 SF
- Zone code
- CG
- Property type
- Drive through restaurants
- APN
- 33-38-02-00006-0000-00002.0
- APU
- 9223372036854775807
Description
This 3,055-square-foot quick-service restaurant building in Vero Beach, Florida, presents a compelling investment opportunity. Located on a 1.17-acre lot at 8905 20th St, zip code 32966, this single-tenant property enjoys exceptional visibility and accessibility. Less than a mile from the I-95 access ramp, it benefits from high traffic counts and proximity to a TA Truck Center, ensuring a consistent flow of potential customers. The property is situated near other established national brands, including Wawa, McDonald's, and a newly constructed RaceTrac gas station, creating a strong commercial environment. While the interior requires renovation (vacant for over a year), the roof was recently resurfaced in 2021. The CG zoning allows for flexibility. Build-to-suit and ground lease options are available, providing adaptability for prospective buyers to customize the space to their specific operational needs. This location offers significant potential for a thriving quick-service restaurant business. The property's strategic location and flexible options make it an attractive investment in a high-growth area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,055,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $825,000
- 6.5%
- $805,000
- 7%
- $880,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $995,000
- Geo Method
- $770,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $765,000
- Retail
- $710,000
- Mixed-Use
- $750,000
- Hospitality
- $845,000
- Educational
- $780,000
- Residential Income
- $865,000
- Energy
- $690,000
- Income-Based Land
- $740,000
- Food Service
- $850,000
Location Insight
- Map
- Local Demand
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Longitude
- -80.5101
- Latitude
- 27.6385
- CBSA code
- 42680
- CBSA name
- SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
