1601 Ocean Dr | Vero Beach, FL 32963
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1601 Ocean Dr
Vero Beach, FL 32963
The Caribbean Court · Hospitality Property For Sale · 12,566 SF
Investment Highlights
- Rarely Available Upscale Hospitality Asset In Vero Beach’s Prime Oceanside Corridor
- 5,000 Sf Full Service Fine Dining Restaurant And Piano Bar – Operated By Third Party Via Full NNN Lease Which Offsets 40% of Expenses
- Modern Metal Roofs, Renovated Interiors, And Beautiful Landscaping Create A Charming Experience With High Curb Appeal
- 18 Guest Rooms with 77.44% Occupancy Through September 2021
- Reliable Historical Profitability With Substantially Below-Market Rates, Providing Significant Future Upside Potential
- Interiors Feature All Upscale And Customized Finishes And Amenities
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1984/2007 |
| Building Class | B | Parking Ratio | 2.79/1,000 SF |
| Lot Size | 0.93 AC | Corridor | Exterior |
| Building Size | 12,566 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.93 AC |
| Building Size | 12,566 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1984/2007 |
| Parking Ratio | 2.79/1,000 SF |
| Corridor | Exterior |
Amenities
- Balcony
- Business Center
- Pool
- Restaurant
- Room Service
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Beach (direct access)
- Destination Resort
- Boutique/Lifestyle Hotel
- Bed & Breakfast
- Wedding Venue
- Hot Tub
- Fully-Equipped Kitchen
- Multi-Room Suites
- Digital key
PROPERTY TAXES
| Parcel Number | 33-40-05-00012-0030-00004.0 | Improvements Assessment | $829,500 |
| Land Assessment | $687,089 | Total Assessment | $1,516,589 |
PROPERTY TAXES
Parcel Number
33-40-05-00012-0030-00004.0
Land Assessment
$687,089
Improvements Assessment
$829,500
Total Assessment
$1,516,589
zoning
| Zoning Code | C-1A (COMM - Hotel) |
| C-1A (COMM - Hotel) |
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