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1990 98th Ave - Banack 3.47 Acres of Commercial Land Offered at $2,200,000 in Vero Beach, FL 32966
Investment Highlights
- 3.48± Acres – General Commercial Zoning
- Signalized Intersection Location
- High Traffic Counts & Visibility
- 485’ Frontage on SR 60 Eastbound
- ¼ Mile to I-95 Interchange
- Surrounded by Rapid Residential Growth
Executive Summary
Located just one-quarter mile from the I-95 interchange, this site benefits from significant daily vehicle traffic generated by interstate travelers, commuters, and residents of surrounding neighborhoods. SR 60 serves as a primary east-west artery connecting the interstate to established residential communities, commercial centers, and coastal destinations, further enhancing the property’s long-term value and visibility.
The General Commercial zoning designation allows for a wide range of permitted uses, making the parcel well-suited for fast food and quick-service restaurants, retail strip centers, convenience stores, gas stations, tire and automotive service facilities, drive-thru concepts, medical offices, and other high-demand commercial applications. The signalized intersection location enhances accessibility, facilitates safe ingress and egress, and increases desirability for national and regional tenants seeking strong corner presence and brand recognition.
The surrounding area is experiencing substantial residential growth, with multiple new housing developments recently completed, under construction, or in planning stages. This expanding population base creates a built-in customer pool and supports continued retail and service demand. As residential density increases, commercial frontage along SR 60 becomes increasingly scarce and valuable.
The property’s depth and frontage configuration allow for flexible site planning and development options. Potential concepts could include a multi-tenant retail center, standalone pad sites, quick-service restaurant with drive-thru, fuel station, or a combination development that maximizes visibility and access. Developers may benefit from the parcel’s proximity to I-95, allowing tenants to capture both local and pass-through traffic.
Infrastructure and roadway improvements in the corridor further support long-term growth and accessibility. The site’s positioning along a major thoroughfare ensures continued exposure and high traffic counts, critical factors for retail and service-based businesses.
From an investment standpoint, commercial land with signalized intersection frontage near interstate interchanges is limited in supply and remains in high demand. As surrounding development continues and rooftops increase, well-located commercial parcels such as this are poised for appreciation and strong leasing potential.
This offering is ideal for developers seeking a premier commercial site, investors targeting long-term land appreciation in a high-growth corridor, or owner-users looking to secure a dominant location with outstanding visibility and access. The combination of frontage, intersection placement, interstate proximity, and surrounding residential expansion positions this parcel as one of the most compelling commercial land opportunities in the area.
Property Facts
| Price | $2,200,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 3.47 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $2,200,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.47 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot 1
| Price | $2,200,000 | Lot Size | 3.47 AC |
| Price Per AC | $634,649.01 |
| Price | $2,200,000 |
| Price Per AC | $634,649.01 |
| Lot Size | 3.47 AC |
3.48± acres of General Commercial land with 485’ frontage on SR 60 at a lighted intersection. Just ¼ mile from I-95 with strong traffic counts and visibility. Ideal for fast food, retail, gas, tire, or drive-thru concepts in a high-growth corridor.
Description
This 3.48± acre General Commercial parcel represents a premier development opportunity in one of the area’s fastest-growing corridors. Strategically positioned along SR 60 eastbound, the property features approximately 485 feet of frontage at a signalized intersection, delivering exceptional visibility, accessibility, and long-term commercial viability. Located just one-quarter mile from the I-95 interchange, this site benefits from strong daily traffic counts and consistent exposure to both local commuters and interstate travelers. SR 60 serves as a major east-west artery connecting residential communities to employment centers, retail hubs, and coastal destinations, making it a high-demand location for retail and service-oriented businesses. The signalized intersection placement significantly enhances accessibility, allowing for controlled ingress and egress while increasing safety and traffic flow efficiency. Corner and near-corner commercial sites with interstate proximity are limited in supply, making this parcel especially attractive for national and regional tenants seeking brand visibility and convenience-driven traffic. Zoned General Commercial, the property supports a broad range of permitted uses including fast food and quick-service restaurants, drive-thru concepts, retail strip centers, convenience stores, gas stations, tire and automotive services, medical offices, professional offices, and other commercial applications. The zoning flexibility allows developers to design projects tailored to current market demand while maintaining long-term adaptability. The surrounding area is experiencing substantial residential expansion, with multiple new housing developments recently completed, under construction, or in planning phases. This expanding residential base creates immediate and growing demand for retail, dining, fuel, and service businesses. As rooftops increase, strategically positioned commercial frontage along SR 60 becomes increasingly valuable and scarce. The parcel’s size and configuration provide flexibility for various development concepts. Potential uses include a multi-tenant retail center with pad sites, a standalone quick-service restaurant with drive-thru, a fuel and convenience store operation, or a combination commercial project designed to maximize frontage exposure. Developers may also consider subdividing for multiple end users depending on site planning and municipal approvals. The site’s proximity to I-95 enhances regional accessibility, drawing traffic not only from nearby neighborhoods but also from travelers and commuters using the interstate. This dual traffic pattern supports strong retail performance and long-term tenant stability. From an investment perspective, commercial land located at signalized intersections near interstate interchanges continues to command premium positioning. As development progresses along this corridor, land values are supported by population growth, infrastructure improvements, and increased consumer demand. The property’s frontage, zoning flexibility, and growth location position it well for future appreciation. This offering presents an ideal opportunity for developers, investors, and owner-users seeking a dominant commercial location with superior visibility and access. The combination of 485 feet of frontage, intersection placement, interstate proximity, and surrounding residential growth makes this one of the most compelling commercial land opportunities currently available along the SR 60 corridor. Whether positioned for immediate development or held for strategic long-term investment, this parcel offers strong fundamentals in a high-growth, high-visibility environment.
Presented by
TP Kennedy Group
1990 98th Ave - Banack
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