Property Description:
Over half an acre of land on US-1 featuring approximately 300 feet of high-visibility frontage in a strong growth corridor, located directly next to the Indian River County Realtor’s Association building. The property is zoned RM-3 (multi-family) and includes an older 1958 home along with a detached garage/workshop (both likely tear-downs), making this a true land-value play with multiple redevelopment options. In addition, there is an income-producing billboard generating $400/month with 6+ years remaining on the lease, providing immediate cash flow while planning future use. Ideal for investors looking for a multi-family project, land bank, or high-exposure redevelopment opportunity on one of Vero Beach’s main arteries.
Walk around video available upon request.
Property Type: Commercial Land
Lot Size: .56 ac
Utilities: Public
HOA Fees: None
ARV $: TBD
Property Condition & Rehab Needs:
Although the existing structures on this property could be renovated and flipped/rented the highest best use of this property is likely to tear down the existing structures and replace them with a new building that would benefit from the high daily traffic of US-1.
Comps:
7635 N Polo Grounds Ln, Vero Beach, FL – 0.50 acres – Sold for $200,000
7625 N Polo Grounds Ln, Vero Beach, FL – 0.44 acres – Sold for $200,000
1083 W Polo Grounds Dr, Vero Beach, FL – ~0.44 acres – Sold for $225,000
1071 W Polo Grounds Dr, Vero Beach, FL – ~0.44 acres – Sold for $220,000
Additional Terms:
First come first serve.
Property is sold in as-is condition.
Buyer to pay all closing costs, fees and taxes.
Seller chooses title company and escrow.
Cash or hard money only.
All due diligence and inspection must be done prior to contracting. Please verify information in listing.
Agents/Wholesalers please add commission/fee on top of purchase price.
$10,000 non refundable deposit, unless title is not clear, for first time buyers
$5,000 for repeat buyers
This is an assignment of contract. We are not brokers and we do not represent ourselves as such. Circumvention/Interference of any kind will NOT be tolerated and WILL result in legal actions + paying liquidated damages of $100,000 and our attorney's fees. By requesting the address you agree to these terms.