Multi Tenant Office Building
110 & 122 43rd Avenue SW, Vero Beach, Florida 32968
Sold: $1,400,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
12,628 sqft
Land Size
1.2 acres
Sewer
Sewer & Septic
Water
County
Zoning
(CG) General Commercial
Electric
FPL
Year Built
1985
Property Description
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
