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1890 98th Ave - 76.56 ACRES INDUSTRIAL / MULTI-FAM
76.56 Acres of Industrial Land Offered at $10,800,000 in Vero Beach, FL 32966
Investment Highlights
- Current use is Air Plane Hangers and Airstrip
Executive Summary
Property Facts
| Price | $10,800,000 | Property Subtype | Industrial |
| Sale Type | Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 76.56 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $10,800,000 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 76.56 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $10,800,000 | Lot Size | 76.56 AC |
| Price Per AC | $141,066 |
| Price | $10,800,000 |
| Price Per AC | $141,066 |
| Lot Size | 76.56 AC |
Description
FEATURES: - Located in an Opportunity Zone! - Northern Approx. 50.97 acres in Com/Ind Land Use - Southern Approx. 25.59 acres in Multi-Fam Land Use - Current use is for Air Plane Hangers and Airstrip - Two Artesian wells! #1= 8-10 inch, #2 = 4 inch. - FPL and Gas easements along East boundary LAND SIZE: 76.56 Acres, owner may Sell North 50.97 acres separately. BUILDINGS: 9,900 SF Year Built 1973, 32,000 SF Year Built 1973 ZONING: (A-1) Agricultural District, County claims this property may be re-zoned to Industrial or Commercial or Multi-Family 10 Units per acre if the “Live Local Act” is utilized and Developer builds at least 40% in affordable housing. R.E. TAXES: $16,395.35 (2023) UTILITIES: County Water & Sewer Available. FPL Electric SALE PRICE: Entire Property $10,800,000 ($141,066 Per Acre) 50.97 Acres $7,645,500 ($150,000 Per Acre)
PROPERTY TAXES
| Parcel Number | 33-38-03-00001-0120-00002.1 | Improvements Assessment | $333,506 |
| Land Assessment | $277,347 | Total Assessment | $610,853 |
PROPERTY TAXES
zoning
| Zoning Code | A-1 (Agricultural -1 District) |
| A-1 (Agricultural -1 District) |
-
Ron Lambert -
Lambert Commercial Real Estate, Inc
Presented by
1890 98th Ave - 76.56 ACRES INDUSTRIAL / MULTI-FAM
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