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800 20th Place, Vero Beach, FL 32960

$775,000
Property Type: Commercial Sale Square Footage: 4,800 Status: Closed
Current Price: $775,000 List Date: 3/20/2025 Last Modified: 2/28/2026

Overview

Description

Amazing opportunity with upside potential to own the fully leased 800 Building in the heart of Vero Beach! Minutes from Miracle Mile Plaza. Owned and managed by long time Vero Beach Real Estate family. Currently grossing $83K. Located where State Road 60 meets US 1! 6 individual office suites ranging from 750 sq ft to 950 sq ft. (2 can be combined for 1600 s q ft) Generous parking lot behind building. Concrete building with newer flat roof, (within 5 years) updated a/c units (most within 5 years) and lawn sprinkler system and easy to use accordion hurricane shutters. Zoned for professional/office, superior location with easy access to downtown, beach side, west of town. Well maintained. A ''turn key'' investment opportunity with all leases in place. 7% return on investment.

Listing Details MLS# R11066850

General Property Information

Property Sub Type
Office
Number Of Units Total
6
Building Area Main
4800
Building Area Source
Public Records
Year Built
1976
Lot Size Area
15681.6
Lot Size Acres
0.36
Stories
Yes

Property Features

Business Type: Professional/Office Documents Available: Aerial Photo(s); Appraisal; Copy Of Lease(s) Electric: Three Phase Flooring: Carpet; Tile Heating: Central Individual Property Condition: Resale Sale Includes: Building; Land Source Of Expenses: Owner Provided Tenant Pays: Cable TV; Electricity; Repairs Cooling: Central Individual Listing Terms: Cash; Conventional Roof: Other Security Features: None Sewer: Public Sewer Structure Type: Office Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Office Contingencies: None

Contract Information

Comp Sale YN
No
Original List Price
849000

Location and Legal

Country
United States
County Or Parish
Indian River
County Parish Name
Indian River
Street Number
800
Street Name
20th
Street Suffix
Place
City Name
Vero Beach
State Or Province
FL
Postal Code
32960
Area
6321 - City of Vero Beach (IR)
Geographic Area
INRV - Indian River
Parcel Number
33390100010002000019.0
Zoning
C-1B
Directions
US Highway 1 northbound. West on 20th Place (State Road 60) and immediate right into first driveway - 800 20th Place. Park in rear.
Property Description
Professional Office

Financial Information

Tax Annual Amount
8835.72
Tax Year
2024
Tax Legal Description
''''''CONN ADD PBI 3-5 LOTS 19, 20, 21 BLK 2 & REPLAT OF HIKO PARK SUB PBI 2-13 BLK 2 LESS S 329.64 FT & RD R/W & LESS

Status Change Information

Major Change Timestamp
2025-06-25T18:28:04Z
Major Change Type
Status Change
Price Change Timestamp
2025-05-02T15:21:58Z
Status Change Date
2025-06-25
Under Contract Date
2025-06-09
Close Date
2025-06-25
Close Price
775000
Buyer Financing
Cash

More Information

Building and Property Details

# Of Offices
6
# Of Toilets
6
% Air Conditioned
100
Maximum Ceiling Height
8

Income and Expenses

Gross Income
83000
Insurance Expense
7000
Maintenance Expense
4000
Net Operating Income
60000
Real Estate Taxes
8618
Service Expense
2000
Total Expenses
27618
Utilities Expense
5000

Contributions

Buyer Contributions
No

Price Calculations

Current Price To SqFt
161.45
Original List Price To Close Price
1.09

Originating Details

Originating System Key
20250228153009256662000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Three Phase
Yes

Flooring

Carpet
Yes
Tile
Yes

Property Condition

Resale
Yes

Documents Available

Aerial Photo(s)
Yes
Appraisal
Yes
Copy Of Lease(s)
Yes

Structure Type

Office
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Repairs
Yes

Sewer

Public Sewer
Yes

Business Type

Professional/Office
Yes

Heating

Central Individual
Yes

Sale Includes

Building
Yes
Land
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Other
Yes

Security Features

None
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Central Individual
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Call Listing Office
Yes

Contingencies

None
Yes
Listing Office: Mac Evoy Real Estate Co
IDX
Last Updated: February - 28 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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