1238-1248 16th St | Vero Beach, FL 32960
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1238-1248 16th St
Vero Beach, FL 32960
Palm Plaza Vero Owner /User Investment · Retail Property For Sale
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
11,800 SF
Building Class
B
Year Built
1979
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.50 AC
Zoning
M - "M" typically stands for industrial zoning, specifically designating areas for manufacturing, warehousing, and other industrial activities.
Frontage
42,689’ on 16TH ST
AMENITIES
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
ABOUT 1238-1248 16TH ST , VERO BEACH, FL 32960
8000 S/F of retail frontage to 16th street with current 3,000 S/F available with end cap space. Day business for this vacancy would be optimal due to the success of the adjacent bar tenant. Gross rent with current vacancy estimated at $94,000 annually. As a investment and not owner/user property cap rate is 7% with vacancy factor and self management, at asking price. Priced at $126 per square foot, well below replacement costs. Call with questions and or showings.
PROPERTY TAXES
| Parcel Number | 33-39-01-00000-5000-00001.1 | Improvements Assessment | $870,886 |
| Land Assessment | $217,713 | Total Assessment | $1,088,599 |
PROPERTY TAXES
Parcel Number
33-39-01-00000-5000-00001.1
Land Assessment
$217,713
Improvements Assessment
$870,886
Total Assessment
$1,088,599
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