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.91 Acre Site (3 Parcels) Us1 Street

Vero Beach, FL 32960
  • $1,995,000
  • STATUS: Active Under Contract
  • ON SITE: 80 Days
  • ID#: RX-10964629
Under Contract
UPDATED: 119 min ago
$1,995,000
  • 0
    BEDS
  • 0.91
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,990
    SQFT
  • $285
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1953
County:
Area:

School Ratings & Info

Description

Prime US Hwy 1 frontage comprising of 3 parcels totaling 0.91 acres with 170 ft of US Hwy 1 frontage and additional access points & frontage on 11th St and Commerce Ave. Currently set up with 4 structures including a 3,782 SF free standing commercial building, a separate 1,800 SF free standing auto repair building, a 1,288 SF residential duplex and a 120 SF metal storage structure. Ideal redevelopment site with over 23,500 cars passing each day. Very visible location with major retailers all around. Existing income in place while developing. Owner financing possible of 70% LTV at 7% interest.

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www.bradleyhurst.com/homes/148193360
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.91 Acre Site (3 Parcels) Us1 Street Vero Beach, FL 32960

  • Price: $1,995,000
  • Status: Active Under Contract
  • On Site: 80 Days
  • Updated: 119 min ago
  • ID#: RX-10964629
0
Beds
0
Baths
0
½ Baths
0.91
Acres
6,990
SQFT
$285
$/SQFT
1953
Built
Neighborhood:
Rosedale Gardens Sub
County:
Indian River
Area:
Vero Beach
Property Description
Prime US Hwy 1 frontage comprising of 3 parcels totaling 0.91 acres with 170 ft of US Hwy 1 frontage and additional access points & frontage on 11th St and Commerce Ave. Currently set up with 4 structures including a 3,782 SF free standing commercial building, a separate 1,800 SF free standing auto repair building, a 1,288 SF residential duplex and a 120 SF metal storage structure. Ideal redevelopment site with over 23,500 cars passing each day. Very visible location with major retailers all around. Existing income in place while developing. Owner financing possible of 70% LTV at 7% interest.
Exterior Features

Construction BlockConcrete Roof Comp RolledComp Shingle Waterfront YN No

Interior Features

Bath Toilets 3.00 Cooling Central Flooring ConcreteOther Heating Central Percent Air Conditioned 70.00

Property Features

Auction No Available Docs Aerial Available Info Copies of Lease Built Desc Resale Contingent Active Under Contract Contingents Inspection Fire Protection Smoke Detector For Lease No For Sale Yes Lease Annual List Office Board Code Realtor Association of the Palm Beaches (RAPB) Possession At Closing Sale Includes Building and Land Tax Amount Real Estate Taxes 4156.02 Tax Year 2023 Tenant Pays CableElectricSewer Terms Considered CashConventionalOwner Type Of Building AutomotiveIndustrialMini WarehouseOffice SpaceOffice/RetailResident. Multi-Fam.Retail Use IncomeIndustrialRetail Utilities CableElectricPublic Water Zoning CH

Listing provided courtesy of Rennick Real Estate: . Listing information © 2024 BeachesMLS
 
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