This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
State Road 60
Vero Beach, FL 32966
Land For Sale
·
22.00 AC
INVESTMENT HIGHLIGHTS
- Population of 47,544 within 5 miles.
- The Vero Beach market is currently experiencing health demographic and income trends.
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 22.00 AC |
| Property Subtype | Residential | No. Stories | 3 |
| Proposed Use | Multifamily | Cross Streets | I-95 |
| Zoning | RM8 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 22.00 AC |
| No. Stories | 3 |
| Cross Streets | I-95 |
| Zoning | RM8 |
DESCRIPTION
The property had previously been approved for a 168 unit condominium project, Vero Groves. The following site plan was recently developed for a 176 unit multi-family residential project with Clubhouse, pool, amenity lake, dog park, and recreational area. The site plan includes 422 parking spaces of which 60 are garaged. Nearby apartment communities are at 100% occupancy with waiting lists. There is clear unmet demand for additional rental units. The property is also suitable for single family attached and detached, townhouse and mixed-use development. 20th St. is the east-west arterial connecting I-95 to downtown Vero Beach. The Indian River Mall is located one mile east on 20th St.
PROPERTY TAXES
| Parcel Number | 33-38-01-00001-0070-00001.1 | Improvements Assessment | $12,421,312 |
| Land Assessment | $2,442,605 | Total Assessment | $14,863,917 |
PROPERTY TAXES
