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Investment Opportunity

1060 Old Dixie Highway SW, Vero Beach, Florida 32962
Sold: $2,105,000
Investment Opportunity

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
18,322 sqft
Land Size
1.7 acres
Water
County
Zoning
(CH) Heavy Commercial
Electric
FPL
Year Built
1990

Property Description

FEATURES:

  • Assumable Mortgage at 3.63% Interest
  • New Roofs Replaced on Storage Buildings
  • Easy to Rent Units with Bay Doors / High Ceilings
  • Well Maintained and Locally Managed
  • Multi Tenant Buildings w/ Outside Storage Options
  • Just West of US-1 and South of Oslo Road
  • Concrete Block Construction on Main Building
  • Concrete Drive Throughout

BUILDINGS: 3 Buildings Totaling 18,322 SF
PROPERTY: 1.70 Acres with 267.41 Frontage on Old Dixie Hwy and Approx. 273 Ft. of Depth
YEAR BUILT: 1990 & 2002 (Storage Buildings)
ZONING: (CH) Heavy Commercial
UTILITIES: County Water, Sewer & FPL
R.E. TAXES: $17,919.83 (2022)
NOI: $166,537.34 (6.9% CAP)
SALE PRICE: $2,400,000

Location