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- LoopNet Team
4105 US Highway 1
Vero Beach, FL 32967
Service Station/Convenience Store · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- NOI - $209,186
- Hard Corner, 3 Road Frontages
- Annual Gas Sales - 1,000,000 Gallons
- Cap Rate is 8.05%
- Perfect Investment for EB-5 Visa
- Convenience Store/Deli/Laundromat/Carwash/Arcade
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Corner Lot
- Signalized Intersection
ABOUT 4105 US HIGHWAY 1 , VERO BEACH, FL 32967
This is an outstanding income property with multiple profit centers. The property attracts a loyal following of neighborhood residents who regularly patronize the delicatessen, convenience store, laundromat, gas pumps, and car wash. This highly visible location at a signalized intersection on busy US Highway 1 and 41st Street draws in passing motorists with three road frontages for easy ingress and egress. This well-maintained Property is a solid investment opportunity with upside potential through increased gas sales and sales growth in the other related businesses. The front building of 4,800 SF consists of a 3,840 SF convenience store, and 960 SF of retail space currently operating as an arcade. The 2,810 SF rear building houses a 990 SF laundromat and a 1,820 SF 3-bay detached car wash. The buildings were built in 2000 and sit on 1.47 acres. This income property opportunity is perfect for investors, owner operators, and EB-5 visa buyers. For investors seeking strong returns, this property has great potential. Financials and projected rate of return is available upon request.
PROPERTY TAXES
| Parcel Number | 32-39-26-00007-0000-00017.0 | Improvements Assessment | $832,285 |
| Land Assessment | $272,140 | Total Assessment | $1,104,425 |
PROPERTY TAXES
