Multi Tenant Office Building

  SOLD October 2021 for $1,400,000

110 & 122 43rd Avenue SW, Vero Beach, Florida 32968


Building Size12,628 Square Feet
Land Size1.2 Acres
Zoning(CG) General Commercial
WaterCounty
SewerSewer & Septic
ElectricFPL
Year Built1985

FEATURES:

  • 100% Leased with Stable Tenants.
  • Short Term Leases allow for Flexibility for Investor/Owner-User.
  • High Traffic Volume. Approx. 11,000 Cars Per Day.
  • Concrete Block Construction.
  • Detached 12x32 Metal Storage Building on Property.
  • Unit 122 - Currently Occupied by Present Owner. This Unit has a Office with Shower,13x18 Garage/Storage Area with an Overhead Door.

BUILDINGS: 2 Building Totaling 12,628 SF on 1.20 Acres
ZONING: (CG) General Commercial
R.E. TAXES: $12,575.04 (2020)
YEAR BUILT: 1985
UTILITIES: County Water, Sewer & Septic, FPL
NOI: $85,124.28
CAP RATE: 5.6%
SALE PRICE: $1,500,000


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


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