UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,657 sqft
Price per Sqft $316
MLS Listing ID 1047389
Total Fin. Sqft 1657
Year Built 1979
Annual Tax Amount $1,454
Tax Year 2024
Property Sub-Type Business
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
Exceptional investment or owner-user opportunity in Vero Beach! This 7,200 sq ft mixed-use commercial property offers a turnkey restaurant space and a 7-unit licensed rooming house, all on a prime corner lot with excellent street visibility.
The restaurant features an established business with a full commercial kitchen and takeout counters. Adjacent is a well-maintained rooming home with seven income-producing units, shared living areas, and a common kitchen. Each unit is currently rented, providing stable cash flow.
Ideal for live/work ownership, hospitality, operators, or investor seeking a diversified income stream. High Rental, demand and Strong cap rate potential. Properties like this with built-in revenue and flexible zoning are a hot commodity, in the Vero Beach market.
Location
State FL
County Indian River
Area 904 - Indian River
Direction Take exit 147 for FL-60 E toward Vero Beach. Turn left onto FL-60 E/State Rd 60 E/20th St. Turn left onto 66th Ave. Turn right onto 45th St/N Gifford Rd. Turn right onto 38th Ave. Property will be on the left.
Interior
Cooling Central Air
Inclusions Business with Real Estate
Exterior
Exterior Feature ExteriorFeatures
Parking Features Off Street
Present Use Commercial,Mixed Use,Residential
Road Frontage City Street
Garage No
Building
Lot Description Corner Lot
Sewer Public Sewer
Water Public
Others
Senior Community No
Virtual Tour https://www.propertypanorama.com/instaview/spc/1047389
