Premier Packing Warehouse 625 66th Ave SW 87,079 SF Industrial Building Vero Beach, FL 32968 $9,500,000 ($109.10/SF)

Strategically located on nearly forty acres and improved with an expansive 87,079 SF fruit packing facility, 625 66th Ave SW, Vero Beach, FL, 32968 offers a prime investment opportunity with a diversity of potential uses. The County Commission recently approved expansion of the Urban Service Boundary to include the site, and are reviewing alternative land uses that would accommodate most of the uses contemplated for this type of building. Built in 1994, the well maintained facility includes 4,360 SF of office space, 31 foot ceilings in the warehouse portion, monolithic slab foundation, 9 dock high and 4 ground level bay doors, along with facilities for more than 100 employees. A nearly 10,000 SF cooler with 20' ceilings provides storage capacity for 780 pallets or 2,000,000# of product. The large 40 acre footprint also provides a buyer with the opportunity to lower their basis on the property through development, expansion, or potential sale of the western 20+ acres. The property is located in Vero Beach, just a 1/4 mi. north of Oslo Rd and less than three miles from the I-95 interchange nearing completion as soon as this winter. The $95 million expansion will make this location ideal for distribution or services along the east coast of Florida.
Location Description
Property is located on 66th Ave. just north of Oslo Rd in Vero Beach, Florida in South Indian River County. The construction project on Oslo Road is nearing completion, including a widening to four lanes, signalized intersection at 66th Ave SW & Oslo Road, and new I-95 interchange.