Experience a newly constructed, multi-tenant property at the heart of a growing community surrounded by high-end demographics at 1481 S US 1 Highway. The 2021 development features build-to-suit and ground lease opportunities with an available drive-thru, making it perfect for various businesses, including medical practices that want to be at the heart of Vero Beach. Retailers are positioned to experience a confluence of enviable demographics, such as an average household income of $80,904, total consumer spending topping $2 billion, and a projected five-year population growth of 7.9% within a 15-minute drive. Within that $2 billion of spending, businesses will find that 30.8% of it is attributable to spending on food and drink, 12.7% to entertainment, 6% to health care, and 4.9% to apparel, making for an eclectic mix of industries, interests, and needs on which businesses can capitalize. Businesses can take advantage of a highly trafficked location that draws 44,964 consumers past the nearby intersection of 8th Avenue and S 16th Street daily, according to Costar data, and join an established retail corridor that’s home to Publix, Walmart, Starbucks, Walgreens, and Vero Bowl, among others. Fully customizable suites in a growing community surrounded by established retailers are available at 1481 S US 1 Highway.
