Waterfront Retail Center Investment For Sale
40 Royal Palm Pointe, Vero Beach, Florida 32960
| Building Size | 13,840 Square Feet |
| Land Size | 1.06 Acres |
| Zoning | C –1B General Commercial Trade |
| Water | City |
| Sewer | City |
| Electric | City |
| Year Built | 1960 |
PROPERTY SUMMARY
-Rare opportunity to purchase a waterfront fully leased retail center in the heart of Vero Beach.
-Center includes 8 retail tenants with approximately 8 boat slips located at the rear of the property.
-Walking distance to area restaurants, shopping & park, with only minutes to the beach.
-Owner financing available with large down payment!
PROPERTY: 1.06 Acres, with approximately 423 ft. of frontage on Royal Palm Pointe and133 ft. depth.
BUILDINGS: 13,840 SF Retail Center with 8 Tenants
ZONING: C –1B General Commercial Trades & Services
YEAR BUILT: 1960
R.E. TAXES: $27,784.11 (2015)
OCCUPANCY: 100%
CAP RATE: 6.5%
NOI: $211,000 (no management fees)
SALE PRICE: $3,250,000
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Office Phone: (772) 778-2334Fax: (772) 569-9155
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.