2.16 AC. COMMERCIAL ON OLD DIXIE HWY | 915 Old Dixie Hwy SW
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2.16 AC. COMMERCIAL ON OLD DIXIE HWY 915 Old Dixie Hwy SW
3,310 SF 100% Leased Office Building Vero Beach, FL 32962 £1,163,775 (£352/SF) 3.23% Net Initial Yield
Executive Summary
FEATURES:
- Corner Property with Signal and over 570 feet of road frontage!
- Two Story office could be used by buyer with future development.
- Great Investment to purchase and hold for future development.
- Corner parcel is 1.15 acres, Oslo House is 1.06 acres in size.
- Owner may consider selling separately!
PROPERTY: 2.16 Ac. on Old Dixie Hwy SW & Olso Road with 446.84 Ft. of Frontage on Oslo Road and 176.97 Ft. of Depth.
BUILDINGS:
Office - 2,214 SF 2 Story at Corner - Year Built 1922
House - 1,096 SF House - Year Built 1950
R.E. TAXES: $7,754.69 (2022)
ZONING: (CG) General Commercial
UTILITIES: County Water and Septic, FPL for electric.
INCOME: Proforma NOI = $47,686
PRICE: $1,475,000
- Corner Property with Signal and over 570 feet of road frontage!
- Two Story office could be used by buyer with future development.
- Great Investment to purchase and hold for future development.
- Corner parcel is 1.15 acres, Oslo House is 1.06 acres in size.
- Owner may consider selling separately!
PROPERTY: 2.16 Ac. on Old Dixie Hwy SW & Olso Road with 446.84 Ft. of Frontage on Oslo Road and 176.97 Ft. of Depth.
BUILDINGS:
Office - 2,214 SF 2 Story at Corner - Year Built 1922
House - 1,096 SF House - Year Built 1950
R.E. TAXES: $7,754.69 (2022)
ZONING: (CG) General Commercial
UTILITIES: County Water and Septic, FPL for electric.
INCOME: Proforma NOI = $47,686
PRICE: $1,475,000
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
3,310 SF
Building Class
C
Year Built
1922
Price
£1,163,775
Price Per SF
£352
Net Initial Yield
3.23%
NOI
£37,624
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,655 SF
Building FAR
0.07
Land Acres
1.14 AC
Zoning
(CG) - General Commercial
Parking
10 Spaces
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PROPERTY TAXES
| Parcel Number | 33-40-30-00000-3000-00017.0 | Improvements Assessment | £68,109 |
| Land Assessment | £184,775 | Total Assessment | £252,884 |
PROPERTY TAXES
Parcel Number
33-40-30-00000-3000-00017.0
Land Assessment
£184,775
Improvements Assessment
£68,109
Total Assessment
£252,884
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Ron Lambert -
Richard Nelson -
Lambert Commercial Real Estate, Inc
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2.16 AC. COMMERCIAL ON OLD DIXIE HWY | 915 Old Dixie Hwy SW
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