825 .91 Acre Site(3 Parcels) Us1 Street, Vero Beach, FL 32960
$1,675,000
Property Type:
Commercial Sale
Baths:
3
Square Footage:
6,990
Status:
Closed
Current Price:
$1,675,000
List Date:
3/01/2024
Last Modified:
11/02/2024
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.
More Information MLS# 1006516
Location, Tax, and Legal
Tax Account: 5625015
Parcel Number: 3339120001100400000.0
General County Location: Out of Brevard
Tax Annual Amount: 7974
Tax Year: 2023
Tax Legal Description: 3 legal descriptions and Tax ID's attached.
Additional Parcels YN: Yes
Additional Parcels Description: 33391200011004000009.0
33391200011004000003.0
Zoning Description: Commercial
Directions: Located on the east side of US Hwy 1 at the SE corner of 11th St.
General Property Information
Number Of Units Total: 3
Stories Total: 1
Building Area Total: 6990
Water Body Access YN: No
Waterfront YN: No
List Price/SqFt: 285.41
Sold Price/SqFt: 239.63
Bathrooms Total: 3
Year Built: 1953
Remarks and Miscellaneous
Public Remarks: 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.
Lot Features
Other: 1
Parking Features
Carport: 1
Off Street: 1
Parking Lot: 1
Other: 1
Road Frontage Type
Highway: 1
Roof
Rolled/Hot Mop: 1
Shingle: 1
Sewer
Unknown: 1
Unit 1 Details
Unit ID: 1
Annual Rent: 10800
Unit SqFt: 644
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Duplex
Unit 2 Details
Unit ID: 2
Annual Rent: 10800
Unit SqFt: 644
# Units (This Type): 1
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: Duplex
Unit 3 Details
Unit ID: Garage
Annual Rent: 14400
Unit SqFt: 1800
# Units (This Type): 1
Furnished: Unfurnished
Unit Remarks: Retail Tire Store
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $1,675,000
Original List Price: 1995000
Sold Price: $1,675,000
Status: Closed
Listing Contract Date: 2024-03-01
Property Sub Type: Industrial
Location Tax and Legal
Street Number: 825
Street Name: .91 Acre Site(3 Parcels) Us1
Street Suffix: Street
County: Indian River
State: FL
Postal Code: 32960
MLS Area Major: 904 - Indian River
Status Change Information
Major Change Timestamp: 2024-05-29T21:35:50Z
Major Change Type: Status Change
Status Change Timestamp: 2024-05-29
Purchase Contract Date: 2024-03-14
Close Date: 2024-05-29
Close Price: 1675000
Property Features
Lot Features: Other
Parking Features: Carport; Off Street; Parking Lot; Other
Road Frontage Type: Highway
Roof: Rolled/Hot Mop; Shingle
Sale Includes: Building & Land
Sewer: Unknown
Showing Requirements: Call Listing Agent
Water Source: Public
Documents
Brochure ›
Listing Office:
Ron Rennick Auctions, Inc.
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.