TotalCommercial.com
Improved Property

Multi Tenant Investment Property

1601 10th Avenue, Vero Beach, Florida 32960

Sold: $1,850,000
$111.11 / SF
Updated Sep 30, 2026
Categories Office Retail Grade Level

About this property

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

Property details

Property Type
Improved property
Building Type
Freestanding
Building Size
16,650 sqft
Land Size
1.19 acres
Sewer
City
Water
City
Zoning
M-Industrial
Electric
FPL
Year Built
1982

Location

Address
1601 10th Avenue
Vero Beach, Florida 32960
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.