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1415-1425 S US Highway 1 Hwy

1.09 Acres of Commercial Land Offered at £355,504 in Vero Beach, FL 32962

Executive Summary

Parcel 1 (1415 US 1) is approximately 0.77 acres, and Parcel 2 is approximately 0.32 acres. Due to the small parcel size for the 1425 S. US 1 and for maximum development potential, it is recommended that both parcels undergo a unification to be combined into one large parcel, providing for a total site acreage of 1.09 ac. This will provide the owner with the maximum development flexibility for the property. Therefore, the analysis below assumes that parcel unification and the findings and recommendations will be based on a single parcel with a site area of 1.09 ac.

Attachments

1415-1425 S US HWY 1- Feasability Study
1415-1425 S US HWY 1- Survey

Property Facts

Price £355,504 Property Subtype Commercial
Sale Type Investment Proposed Use
Commercial
  • Retail
  • Office
  • Hotel
  • Restaurant
No. Lots 1 Total Lot Size 1.09 AC
Property Type Land
Price £355,504
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Office
  • Hotel
  • Restaurant
Total Lot Size 1.09 AC

1 Lot Available

Lot 2

Price £355,504 Lot Size 1.09 AC
Price Per AC £326,151
Price £355,504
Price Per AC £326,151
Lot Size 1.09 AC

Zoning / Land Use The site lies within Indian River County's jurisdiction and is zoned General Commercial (CG) with a Future Land Use designation of Commercial / Industrial (C/I).

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PROPERTY TAXES

Parcel Number 33-40-30-00000-5000-00006.0 Improvements Assessment £0
Land Assessment £29,916 Total Assessment £29,916

PROPERTY TAXES

Parcel Number
33-40-30-00000-5000-00006.0
Land Assessment
£29,916
Improvements Assessment
£0
Total Assessment
£29,916

zoning

Zoning Code GC (The site lies within Indian River County's jurisdiction and is zoned General Commercial (CG) with a Future Land Use designation of Commercial.)
GC (The site lies within Indian River County's jurisdiction and is zoned General Commercial (CG) with a Future Land Use designation of Commercial.)
(772) 562-0018

  • Listing ID: 33805888

  • Date on Market: 08/11/2024

  • Last Updated:

  • Address: 1415-1425 S US Highway 1 Hwy, Vero Beach, FL 32962

The Land Property at 1415-1425 S US Highway 1 Hwy, Vero Beach, FL 32962 is currently available For Sale. Contact Mills Commercial Real Estate Group, LLC for more information.

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© 2024 CoStar Group

1415-1425 S US Highway 1 Hwy
(772) 562-0018 x

1415-1425 S US Highway 1 Hwy

Bill Mills

(772) 562-0018

(772) 562-0018

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