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

$1,675,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1006516

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

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.

Lot Features

Other: Yes

Parking Features

Carport: Yes
Off Street: Yes
Parking Lot: Yes
Other: Yes

Road Frontage Type

Highway: Yes

Roof

Rolled/Hot Mop: Yes
Shingle: Yes

Sewer

Unknown: Yes

Water Source

Public: Yes

Showing Requirements

Call Listing Agent: Yes

Sale Includes

Building & Land: Yes

Documents

Brochure ›

Listing Office: Ron Rennick Auctions, Inc.

Last Updated: November - 02 - 2024

Information is deemed to be reliable, but is not guaranteed.