Multi Tenant Investment Property
SOLD July 2021 for $1,850,000
1601 10th Avenue, Vero Beach, Florida 32960
| Building Size | 16,650 Square Feet |
| Land Size | 1.19 Acres |
| Zoning | M-Industrial |
| Water | City |
| Sewer | City |
| Electric | FPL |
| Year Built | 1982 |
FEATURES:
- Two Centrally Located Flex-Space Buildings
- Just West of US1, Majestic Theatre, and Bowling Alley
- Multiple Long Term Tenants
- Small, Easy to Rent Units with Bay Doors
- Well Maintained and Locally Managed
- Industrial Zoning Allowing for Multiple Use Types
- Concrete Block Construction with Security Monitorin53 Parking Spaces
BUILDINGS: 2 Building Totaling 16,650 SF on 1.19 Acres
ZONING: (M) Industrial
R.E. TAXES: $20,136 (2020)
YEAR BUILT: 1982
UTILITIES: City Water & Sewer, FPL
PRO FORMA NOI: $143,173.84
PRO FORMA CAP RATE: 7.2%
SALE PRICE: $1,975,000
Agent
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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.