.91 Acre Site (3 Parcels) Us1 Street, Vero Beach, FL 32960

$1,675,000

.91 Acre Site (3 Parcels) Us1 Street
Vero Beach, FL 32960
MLS# RX-10964629
Status: Closed
3 baths | 6990 sqft

1 / 32

Property Description
Prime US Hwy 1 frontage comprising of 3 parcels totaling 0.91 acres with 170 ft of US Hwy 1 frontage and additional access points & frontage on 11th St and Commerce Ave. Currently set up with 4 structures including a 3,782 SF free standing commercial building, a separate 1,800 SF free standing auto repair building, a 1,288 SF residential duplex and a 120 SF metal storage structure. Ideal redevelopment site with over 23,500 cars passing each day. Very visible location with major retailers all around. Existing income in place while developing. Owner financing possible of 70% LTV at 7% interest.

Details

Maps

Documents

Contract Information

Status: Closed

Original List Price: 1995000

Auction: No

Sold Price: $1,675,000

Current Price: $1,675,000

List Price/Bldg SqFt: 285.4

Listing Date: 2024-03-01

Comm/Non-Rep: 0%

Comm/Buyer Agent: 2%

Comm/Trans Brk: 2%

General Property Description

Type: Retail

For Sale: Yes

For Lease: No

Property Desc: 3 Parcel Commercial

Subdivision: ROSEDALE GARDENS SUB

Year Built: 1953

Built Desc: Resale

SqFt - Living: 6990

SqFt Source: Tax Rolls

# of Stories: 1

Total Units: 3

Baths - Total: 3

Acres: 0.91

% Air Conditioned: 70

Waterfront: No

Location, Tax & Legal

Area: 5940

Geo Area: PB07

Country: United States

County: Indian River

Parcel ID: 33391200011004000001.0

Street Name: .91 Acre Site (3 Parcels) Us1

Street Suffix: Street

State/Province: FL

Zip Code: 32960

Zoning: CH

Legal Desc: ROSEDALE GARDENS SUB PBI 1-10 LESS ELY 5 FT & LOT 2 LESS ELY 3 FT FOR R/W PER D BK 83 PP 177 BLK 4

Tax Year: 2023

Real Estate Taxes: 4156.02

Geo Lat: 27.621268

Geo Lon: -80.389591

Remarks & Misc

Directions: Located on the east side of US Hwy 1 at the SE corner of 11th St.

Office/Member Info

DXORIGMLNO: RX-10964629

DXORIGMLSID: RML

Status Change Info

Under Contract Date: 2024-03-14

Sold Date: 2024-05-29

Sold Price: $1,675,000

Terms of Sale: PMM

Sold Price/Bldg SqFt: 239.62

Property Features

Use: Income; Industrial; Retail

Type of Building: Automotive; Industrial; Mini Warehouse; Office Space; Office/Retail; Resident. Multi-Fam.; Retail

Construction: Block; Concrete

Sale Includes: Building and Land

Avail Docs: Aerial

Avail Info: Copies of Lease

Flooring: Concrete; Other

Cooling: Central

Heating: Central

Fire Protect: Smoke Detector

Tenant Pays: Cable; Electric; Sewer

Utilities: Cable; Electric; Public Water

Roof: Comp Rolled; Comp Shingle

Terms Considered: Cash; Conventional; Owner

Lease: Annual

Possession: At Closing

Contingencies: Inspection

Listing Documents

Brochure

Listing Office: Rennick Real Estate

Last Updated: May - 29 - 2024

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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 2024 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.