Multi Tenant Investment Property
1601 10th Avenue, Vero Beach, Florida 32960
Sold: $1,850,000
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
Property Description
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