Multi Tenant Investment Property

  SOLD July 2021 for $1,850,000

1601 10th Avenue, Vero Beach, Florida 32960


Building Size16,650 Square Feet
Land Size1.19 Acres
ZoningM-Industrial
WaterCity
SewerCity
ElectricFPL
Year Built1982

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


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


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