1415-1425 S US Highway 1 Hwy 1.09 Acres of Commercial Land Offered at $450,000 in Vero Beach, FL 32962
EXECUTIVE SUMMARY
Parcel 1 (1415 US 1) is approximately 0.77 acres, and Parcel 2 is approximately 0.32 acres. Due to the small parcel size for the 1425 S. US 1 and for maximum development potential, it is recommended that both parcels undergo a unification to be combined into one large parcel, providing for a total site acreage of 1.09 ac. This will provide the owner with the maximum development flexibility for the property. Therefore, the analysis below assumes that parcel unification and the findings and recommendations will be based on a single parcel with a site area of 1.09 ac.
PROPERTY FACTS
1 LOT AVAILABLE
Lot 2
| Price | $450,000 |
| Price Per AC | $412,844.04 |
| Lot Size | 1.09 AC |
Zoning / Land Use The site lies within Indian River County's jurisdiction and is zoned General Commercial (CG) with a Future Land Use designation of Commercial / Industrial (C/I).
1 of 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $96,850 | Total Assessment | $96,850 |
ZONING
| Zoning Code | GC (The site lies within Indian River County's jurisdiction and is zoned General Commercial (CG) with a Future Land Use designation of Commercial.) |
