• 1601 10th Avenue, Vero Beach, FL 32960

For Sale

Retail

For Sale

This property is available for sale
1.19
Acres
$1,995,000
Sale Price
  • Year Built
    1982
  • Total Building Size
    16,650 RSF
  • Overview

    Conveniently located adjacent to Vero Beach's US-1 retail corridor. Near K-Mart, Post Office, Movie Theatre, Bowing Alley, multiple restaurants & daily needs retail. Convenient to both mainland and beachside population and near Central Business District. This is an excellent multi-tenant investment property with 100% occupancy - (7) tenants. 70% of tenants have been at center for over 12 years. Property has been well maintained by current Owner and represents a solid investment opportunity with upside potential through modest rent increases as current rents are below market for majority of tenants that are retail related. Roof was replaced in 2005 and all but one roof top HVAC unit have been replaced over past couple of years. Both buildings repainted December 2018. Landscape irrigation is provided by onsite well. This is a steady income property that has been well cared for by the current owner and given the convenient location and affordable rents should sell quickly.

Contact or Call

Property Details

Retail Center - Vero Beach

Conveniently located adjacent to Vero Beach's US-1 retail corridor. Near K-Mart, Post Office, Movie Theatre, Bowing Alley, multiple restaurants & daily needs retail. Convenient to both mainland and beachside population and near Central Business District. This is an excellent multi-tenant investment property with 100% occupancy - (7) tenants. 70% of tenants have been at center for over 12 years. Property has been well maintained by current Owner and represents a solid investment opportunity with upside potential through modest rent increases as current rents are below market for majority of tenants that are retail related. Roof was replaced in 2005 and all but one roof top HVAC unit have been replaced over past couple of years. Both buildings repainted December 2018. Landscape irrigation is provided by onsite well. This is a steady income property that has been well cared for by the current owner and given the convenient location and affordable rents should sell quickly.

  • Property Type
    Retail
  • Year Built
    1982
  • Sale Price
    $1,995,000
  • Total Building Size
    16,650RSF
  • Total Acres
    1.19
  • Sale Status
    Available
  • Property ID
    2043929

Landlord's Sales Representative

  • Michael Yurocko, CCIM
    SLC Commercial