Waterfront Retail Center Investment For Sale

  SOLD January 2017 for $2,900,000

40 Royal Palm Pointe, Vero Beach, Florida 32960


Building Size13,840 Square Feet
Land Size1.06 Acres
ZoningC –1B General Commercial Trade
WaterCity
SewerCity
ElectricCity
Year Built1960

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


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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