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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


Property Type:Retail Sub Type:- Status:Existing Year Built:1988
Building Size:13,840 SF Land Area:1.06 AC (46,174 SF)
For Sale Price:$3,250,000 Price/SF:$234.83
Cap Rate:6.20 %
Parking:Free Surface spaces are available; Ratio of 3.03/1,000 SF
Features:Waterfront



Sale Notes:
PROPERTY SUMMARY
-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)
OCCUPANCY: 100%
CAP RATE: 6.5%
NOI: $211,000 (no management fees)
SALE PRICE: $3,250,000
Directly on Royal Palm Pointe on the North side.

Lambert Commercial Real Estate, Inc
Ron Lambert
(772) 778-2334




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