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685 US Highway 1 3,474 SF Retail Building Vero Beach, FL 32962 $1,200,000 ($345.42/SF)
EXECUTIVE SUMMARY
The building is 3,474 SF on US HWY 1, Vero Beach, FL, with a Traffic Volume 30,000 per day. Lessee Terms: 5 years with an option of 5 Years. With a 4% increase each year.
Situated at 685 US Highway #1 in Vero Beach, this renowned restaurant has been a culinary beacon for over fifty years. Established in 1973 as part of the "Fat Boys BBQ" chain, it has upheld a legacy of culinary distinction throughout the years. In 2007, with a change in ownership, it transitioned to "Smokehouse BBQ," preserving its dedication to being both family-friendly and a hub for business gatherings. Now known as "Caffe 66", it thrives under the guidance of an experienced operator.
Situated at 685 US Highway #1 in Vero Beach, this renowned restaurant has been a culinary beacon for over fifty years. Established in 1973 as part of the "Fat Boys BBQ" chain, it has upheld a legacy of culinary distinction throughout the years. In 2007, with a change in ownership, it transitioned to "Smokehouse BBQ," preserving its dedication to being both family-friendly and a hub for business gatherings. Now known as "Caffe 66", it thrives under the guidance of an experienced operator.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,474 SF
Building Class
C
Year Built
1974
Price
$1,200,000
Price Per SF
$345.42
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.45 AC
Zoning
CH - Heavy Commercial
Frontage
182’ on US HWY 1
AMENITIES
- Restaurant
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 33-39-13-00000-1000-00035.0 | Improvements Assessment | $288,651 |
| Land Assessment | $155,795 | Total Assessment | $444,446 |
PROPERTY TAXES
Parcel Number
33-39-13-00000-1000-00035.0
Land Assessment
$155,795
Improvements Assessment
$288,651
Total Assessment
$444,446
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685 US Highway 1
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