800 20th Place, Vero Beach, FL 32960 (MLS# R11066850)

$775,000

800 20th Place
Vero Beach, FL 32960
MLS# R11066850
Status: Closed
4800 sqft

1 / 39

Property 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.

Details

Maps

Contract Information

Comp Sale YN: No

Listing Date: 2025-02-28

Status: Closed

Original List Price: 849000

Sold Price: $775,000

Current Price: $775,000

Location and Legal

County Or Parish: Indian River

County Parish Name: Indian River

City Name: Vero Beach

Postal Code: 32960

Geographic Area: INRV - Indian River

Property Description: Professional Office

Country: United States

Street Number: 800

Street Name: 20th

Street Suffix: Place

State Or Province: FL

Area: 6321 - City of Vero Beach (IR)

Parcel Number: 333901000100020000190

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.

General Property Information

Number Of Units Total: 6

Lot Size Area: 15681.6

Stories: 1

Property Sub Type: Office

Building Area Main: 4800

Building Area Source: Public Records

Year Built: 1976

Lot Size Acres: 0.36

Office/Member Information

DXORIGMLSID: RML

Status Change Information

Buyer Financing: Cash

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

Electric

Three Phase: 1

Flooring

Carpet: 1

Tile: 1

Property Condition

Resale: 1

Documents Available

Aerial Photo(s): 1

Appraisal: 1

Copy Of Lease(s): 1

Structure Type

Office: 1

Tenant Pays

Cable TV: 1

Electricity: 1

Repairs: 1

Sewer

Public Sewer: 1

Building and Property Details

# Of Offices: 6

# Of Toilets: 6

% Air Conditioned: 100

Maximum Ceiling Height: 8

Business Type

Professional/Office: 1

Heating

Central Individual: 1

Sale Includes

Building: 1

Land: 1

Listing Terms

Cash: 1

Conventional: 1

Roof

Other: 1

Security Features

None: 1

Water Source

Public: 1

Income and Expenses

Gross Income: 83000

Real Estate Taxes: 8618

Service Expense: 2000

Total Expenses: 27618

Utilities Expense: 5000

Insurance Expense: 7000

Maintenance Expense: 4000

Net Operating Income: 60000

Source Of Expenses

Owner Provided: 1

Cooling

Central Individual: 1

Showing Requirements

24 Hour Notice: 1

Appointment Only: 1

Contingencies

None: 1

Contributions

Buyer Contributions: No

Price Calculations

Current Price To SqFt: 161.45

Original List Price To Close Price: 1.09

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

Originating Details

Originating System Key: 20250228153009256662000000

Originating System ID: M00000170

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

Contingencies: None

Listing Office: Mac Evoy Real Estate Co

Last Updated: May - 23 - 2026

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