For Sale
For Sale
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Year Built
1982
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Total Building Size
16,650 RSF
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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.
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 TypeRetail
- Year Built1982
- Sale Price$1,995,000
- Total Building Size16,650RSF
- Total Acres1.19
- Sale StatusAvailable
- Property ID2043929