641 Azalea Ln - Apartments FOR SALE


Vero Beach, FL 32963
$1,995,000 USD
772-473-6972
641 Azalea Ln, Vero Beach, FL for Sale
$1,995,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

641 Azalea Ln
Vero Beach, FL 32963


OVERVIEW

Unlock the potential of this prime redevelopment opportunity located in the heart of Vero Beach’s island community. Zoned POI (Professional Office & Institutional), this property offers exceptional versatility for a range of uses. With a strategic location, this site presents a unique occasion for investors and developers seeking to maximize value in a sought-after area. Envision the possibilities: build 2-4 stunning single-family homes, craft a boutique professional or medical office space, or reimagine the existing 7-unit apartment complex. With a little vision and innovation, this property could transform into a prime investment or a cornerstone of the community. Please note: existing units are being sold as is with some tornado damage, but with challenge comes opportunity. This is your chance to take a rare gem and craft it into something extraordinary. Don’t let this versatile island property pass you by—bring your vision and make it a reality!

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$369 USD /SF

# OF UNITS

7

PRICE/UNIT

$285,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Apartments of Azalea

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

VRM10/12

APN/PARCEL ID

32-40-32-00006-0140-00033.0

ASK ABOUT THIS PROPERTY

Alex MacWilliamAMAC | Alex MacWilliam Real EstateMore Info
772-473-6972

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Alex MacWilliamAMAC | Alex MacWilliam Real EstateMore Info
772-473-6972

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.