6695 US 1 - Retail FOR SALE


Vero Beach, FL 32967
$2,000,000 USD
772-356-2851
6695 US 1, Vero Beach, FL for Sale
$2,000,000 USD
Retail - FOR SALE
1/10
null | Request Cap Rate

6695 US 1
Vero Beach, FL 32967


HIGHLIGHTS

  • Direct US Highway 1 Frontage
  • Approximately 26,500 Vehicles Per Day
  • 1.5 Acres Zoned Commercial Heavy
  • 11,000+ SF Existing Improvements - Approved for Additional 4,500 SF
  • Surrounded by New and Established Residential Communities
  • Positioned Within Indian River County’s Primary Growth Corridor

OVERVIEW

6695 US Highway 1 presents a rare opportunity to acquire a 1.5 acre Commercial Heavy zoned property located directly on US Highway 1 in the center of Indian River County’s primary growth corridor between Sebastian and Vero Beach. The site benefits from approximately 26,500 vehicles per day and strong visibility along one of the region’s most active commercial arteries. The property includes 11,000 square feet of existing rentable improvements with approval in place to construct an additional 4,500 square feet, creating immediate value add and long term redevelopment potential. The property is located within the central growth corridor of Indian River County along US Highway 1 between Sebastian and Vero Beach. This stretch of US1 has experienced sustained residential expansion, new retail development, and increasing service oriented commercial demand. Nearby demand drivers include: • Vero Beach Regional Airport • Wabasso Causeway Bridge providing direct barrier island access • Harbor Point Retail Plaza anchored by Publix Multiple upscale residential communities are under construction within the immediate trade area, reinforcing long term commercial absorption and tenant demand. -Redevelopment Upside The 1.5 acre footprint, corridor frontage, and approved expansion provide a clear pathway to value creation through site reconfiguration, additional build out, or tenant repositioning. -Owner User with Income Offset An operator can occupy a portion of the improvements while leasing remaining space to contractors or service tenants, effectively reducing occupancy cost and building long term equity. -Income Oriented Investment With 11,000 square feet of rentable space and expansion approval, the asset offers scale within a corridor characterized by strong service and trade demand. Proximity to bridges, residential density, and the airport enhances leasing velocity for contractor and service tenants. US Highway 1 between Sebastian and Vero Beach continues to function as Indian River County’s primary commercial artery. As residential rooftops expand and traffic volumes increase, properties with Commercial Heavy zoning and direct frontage become increasingly limited. This offering represents a rare opportunity to control a flexible, expansion approved commercial site within the path of sustained regional growth.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.35 AC

LAND SF

58,906 SF

ZONING

CH

APN/PARCEL ID

32-39-10-00000-1000-00036.0

ASK ABOUT THIS PROPERTY

Chris FlaigFlaig Commercial GroupMore Info
772-356-2851

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Chris FlaigFlaig Commercial GroupMore Info
772-356-2851

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