2.16 AC. COMMERCIAL ON OLD DIXIE HWY | 915 Old Dixie Hwy SW
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2.16 AC. COMMERCIAL ON OLD DIXIE HWY 915 Old Dixie Hwy SW
3,310 SF 100% Leased Office Building Vero Beach, FL 32962 $1,475,000 ($446/SF) 3.23% Cap Rate
Executive Summary
FEATURES:
- Corner Property with Signal and over 570 feet of road frontage!
- Two Story office could be used by buyer with future development.
- Great Investment to purchase and hold for future development.
- Corner parcel is 1.15 acres, Oslo House is 1.06 acres in size.
- Owner may consider selling separately!
PROPERTY: 2.16 Ac. on Old Dixie Hwy SW & Olso Road with 446.84 Ft. of Frontage on Oslo Road and 176.97 Ft. of Depth.
BUILDINGS:
Office - 2,214 SF 2 Story at Corner - Year Built 1922
House - 1,096 SF House - Year Built 1950
R.E. TAXES: $7,754.69 (2022)
ZONING: (CG) General Commercial
UTILITIES: County Water and Septic, FPL for electric.
INCOME: Proforma NOI = $47,686
PRICE: $1,475,000
- Corner Property with Signal and over 570 feet of road frontage!
- Two Story office could be used by buyer with future development.
- Great Investment to purchase and hold for future development.
- Corner parcel is 1.15 acres, Oslo House is 1.06 acres in size.
- Owner may consider selling separately!
PROPERTY: 2.16 Ac. on Old Dixie Hwy SW & Olso Road with 446.84 Ft. of Frontage on Oslo Road and 176.97 Ft. of Depth.
BUILDINGS:
Office - 2,214 SF 2 Story at Corner - Year Built 1922
House - 1,096 SF House - Year Built 1950
R.E. TAXES: $7,754.69 (2022)
ZONING: (CG) General Commercial
UTILITIES: County Water and Septic, FPL for electric.
INCOME: Proforma NOI = $47,686
PRICE: $1,475,000
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,310 SF
Building Class
C
Year Built
1922
Price
$1,475,000
Price Per SF
$446
Cap Rate
3.23%
NOI
$47,686
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,655 SF
Building FAR
0.07
Lot Size
1.14 AC
Zoning
(CG) - General Commercial
Parking
10 Spaces (3.02 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
Parcel Number | 33-40-30-00000-3000-00017.0 | Improvements Assessment | $86,323 |
Land Assessment | $234,189 | Total Assessment | $320,512 |
PROPERTY TAXES
Parcel Number
33-40-30-00000-3000-00017.0
Land Assessment
$234,189
Improvements Assessment
$86,323
Total Assessment
$320,512
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2.16 AC. COMMERCIAL ON OLD DIXIE HWY | 915 Old Dixie Hwy SW
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