825 .91 Acre Site(3 Parcels) Us1 Street, Vero Beach, FL 32960 (MLS# 1006516)

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

Overview

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.

Listing Details MLS# 1006516

General Property Information

Number Of Units Total
3
Stories Total
Yes
Bathrooms Total
3
Building Area Total
6990
Year Built
1953
Water Body Access YN
No
Waterfront YN
No
List Price/SqFt
285.41
Sold Price/SqFt
239.63

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

Contract Information

Original List Price
1995000
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

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.

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

More Information

Unit 1 Details

Unit ID
Yes
Annual Rent
10800
Unit SqFt
644
# Units (This Type)
Yes
Furnished
Unfurnished
Unit Remarks
Duplex

Unit 2 Details

Unit ID
2
Annual Rent
10800
Unit SqFt
644
# Units (This Type)
Yes
Furnished
Unfurnished
Unit Remarks
Duplex

Unit 3 Details

Unit ID
Garage
Annual Rent
14400
Unit SqFt
1800
# Units (This Type)
Yes
Furnished
Unfurnished
Unit Remarks
Retail Tire Store

Documents

Listing Office: Ron Rennick Auctions, Inc.
Last Updated: November - 02 - 2024
Information is deemed to be reliable, but is not guaranteed.

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