800 20th Place, Vero Beach, FL 32960 (MLS# RX-11066850)

$775,000

800 20th Place
Vero Beach, FL 32960
MLS# RX-11066850
Status: Closed
6 baths | 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

Auction: No

List Price/Bldg SqFt: 172.7

Status: Closed

Original List Price: 849000

Sold Price: $775,000

Current Price: $775,000

Listing Date: 2025-02-28

General Property Description

For Sale: Yes

For Lease: No

Property Desc: Professional Office

Acres: 0.36

Built Desc: Resale

Waterfront: No

SqFt Source: Tax Rolls

# of Stories: 1

Total Units: 6

% Air Conditioned: 100

Type: Office

Subdivision: CONN ADDITION

Year Built: 1976

SqFt - Living: 4800

Baths - Total: 6

Location, Tax & Legal

Geo Area: IR21

Country: United States

State/Province: FL

Tax Year: 2024

Zoning: C-1B

Real Estate Taxes: 8835.72

Area: 6321 - City of Vero Beach (IR)

County: Indian River

Parcel ID: 33390100010002000019.0

Street #: 800

Street Name: 20th

Street Suffix: Place

Zip Code: 32960

Legal Desc: ''''''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

Geo Lat: 27.639105

Geo Lon: -80.39017

Remarks & Misc

Directions: US Highway 1 northbound. West on 20th Place (State Road 60) and immediate right into first driveway - 800 20th Place. Park in rear.

Office/Member Info

DXORIGMLNO: RX-11066850

DXORIGMLSID: RML

Status Change Info

Terms of Sale: Cash

Sold Price/Bldg SqFt: 161.45

Under Contract Date: 2025-06-09

Sold Date: 2025-06-25

Sold Price: $775,000

Building Info

# of Offices: 6

Monetary Info

Gross Oper Income: 83000

Net Oper Income: 60000

Source of Expenses: Owner

Expenses

Management: 0

Insurance: 7000

R.E. Taxes: 8618

Service: 2000

Utilities: 5000

Maint & Repair: 4000

Common Area Maint: 1000

Total Expenses: 27618

Type of Building

Office/Professional: 1

Sale Includes

Building and Land: 1

Avail Info

Appraisal: 1

Copies of Lease: 1

Avail Docs

Aerial: 1

Appraisal: 1

Cooling

Central Individual: 1

Heating

Central Individual: 1

Tenant Pays

Cable: 1

Electric: 1

Repairs: 1

Use

Professional Office: 1

Flooring

Carpet: 1

Tile: 1

Utilities

Electric: 1

Public Sewer: 1

Public Water: 1

Fire Protect

None: 1

Roof

Other: 1

Terms Considered

Cash: 1

Conventional: 1

Lease

Annual: 1

Gross Rent: 1

Contingencies

None: 1

Concessions

Seller Concessions: No

Contributions

Buyer Contributions: No

Property Features

Use: Professional Office

Type of Building: Office/Professional

Sale Includes: Building and Land

Avail Docs: Aerial; Appraisal

Avail Info: Appraisal; Copies of Lease

Flooring: Carpet; Tile

Cooling: Central Individual

Heating: Central Individual

Fire Protect: None

Tenant Pays: Cable; Electric; Repairs

Utilities: Electric; Public Sewer; Public Water

Roof: Other

Terms Considered: Cash; Conventional

Lease: Annual; Gross Rent

Contingencies: None

Listing Office: Mac Evoy Real Estate Co

Last Updated: June - 25 - 2025

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