1238-1248 16th St 11,800 SF 100% Leased Retail Building Vero Beach, FL 32960 $1,950,000 ($165.25/SF) 7.13% Cap Rate
EXECUTIVE SUMMARY
Rare Opportunity to own a Mixed Use Commercial Plaza and 16 Storage Units with long term tenants in downtown Vero Beach, FL! This Property is just at 1 acre and features two concrete buildings: 1) Strip Plaza which consists of 6 store fronts to include 8k sq ft and 2) A building to include 16 storage units (Four 20x20 & Twelve 10x20). Multiple sources of income and easy to keep occupied. Centrally located to Beaches, Shopping and Downtown! (Real Estate only For Sale)
DATA ROOM Click Here to Access
- Miscellaneous
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
11,800 SF
Building Class
B
Year Built
1979
Price
$1,950,000
Price Per SF
$165.25
Cap Rate
7.13%
NOI
$139,126
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.50 AC
Zoning
M
AMENITIES
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 33-39-01-00000-5000-00001.1 | Total Assessment | $1,054,719 (2023) |
| Land Assessment | $217,713 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $837,006 (2023) | Tax Year | 2024 |
