Downtown Office Centre Investment
1201 19th Place, Vero Beach, Florida 32960
Sold: $6,700,000
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
41,634 sqft
Land Size
1.96 acres
Sewer
City
Water
City
Zoning
(DTW) Downtown District
Electric
City
Year Built
2005
Property Description
FEATURES:
- Located directly on the East bound lane of SR 60 on busy corner in downtown Vero Beach!
- Walking distance to restaurants & shopping!
- Meticulously maintained inside and outside!
- Three Covered parking spaces available per floor
- Long term cellular telephone roof tower leases
- Some office currently available to buyer!
- New roof on Building A in 2017. B replaced in 02.
- Completely repainted in 2015
BUILDING:
- Bldg. A Gross SF = 20,452 + Roof PH 966 SF = 21,418
- Bldg. B Gross SF = 19,616 + Roof PH 600 SF = 20,216
- Total - 40,068 & 41,634
PROPERTY SIZE: 1.96 Acres, with approximately 256 ft. of frontage on Rte. 60 East and approximately 412 ft. of depth.
YEAR BUILT: Building A = 2005 / Building B = 1972
ZONING: (DTW) Downtown District
UTILITIES: City Water, Sewer & Electric
R.E. TAXES: $52,715.79 (2017)
NOI: $580,000 (currently 90% occupied)
CAP RATE: 7.7%
SALE PRICE: $7,500,000
