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40 - 62 Royal Palm Pointe, Vero Beach, FL
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40 - 62 Royal Palm Pointe
Vero Beach, FL 32960
1.06 AC (46,174 SF)
For Sale Price:
Free Surface spaces are available; Ratio of 3.03/1,000 SF
-Rare opportunity to purchase a waterfront fully leased retail center in the heart of Vero Beach.
-Center includes 8 retail tenants with approximately 8 boat slips located at the rear of the property.
-Walking distance to area restaurants, shopping & park, with only minutes to the beach.
-Owner financing available with large down payment!
PROPERTY: 1.06 Acres, with approximately 423 ft. of frontage on Royal Palm Pointe and133 ft. depth.
BUILDINGS: 13,840 SF Retail Center with 8 Tenants
ZONING: C 1B General Commercial Trades & Services
YEAR BUILT: 1960
R.E. TAXES: $27,784.11 (2015)
CAP RATE: 6.5%
NOI: $211,000 (no management fees)
SALE PRICE: $3,250,000
Directly on Royal Palm Pointe on the North side.
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Lambert Commercial Real Estate, Inc
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