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    300 Old Dixie Highway

    Vero Beach, FL 32962
    • $599,000
    • STATUS: Active
    • ON SITE: 170 days
    • ID#: RX-10631204
    $599,000
    • 0
      BEDS
    • 0.51
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,011
      SQFT
    • $120
      $/SQFT
    Type:
    Commercial
    Built:
    1984
    County:
    Area:

    School Ratings & Info

    Description

    Outstanding investment opportunity. Corner lot with major road frontage. Island Plaza is a 5,011 square foot, multi-tenant strip center located on Old Dixie Highway in the South East sub market of Vero Beach. The center boasts premium corner lot visibility, access, monument signage, and quality block construction. Island Plaza is located on a busy highway that produces a tremendous traffic count. The retail center is very close to thousands of homes and businesses. Island Plaza consists of 6, Internet resistant tenants that service the surrounding area. The Vero Beach sub market boasts very high income and density. Vero Beach is a high-end destination location with homes that sell for over $30 million dollars. Located close to the beach, river and highways.Tenants are responsible for all repairs inside there units. There are no major repairs needed so the buyer's profit margin should easily be maintained for many years to come. This is an extremely rare opportunity to own a retail strip center for such a great price!

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    www.westpalmhomesearch.com/homes/106904975
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    300 Old Dixie Highway Vero Beach, FL 32962

    • Price: $599,000
    • Status: Active
    • ID#: RX-10631204
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.51
    Acres
    5,011
    SQFT
    $120
    $/SQFT
    1984
    Built
    Neighborhood:
    Dixie Commercial Park Sub
    County:
    Indian River
    Area:
    Vero Beach
    Property Description
    Outstanding investment opportunity. Corner lot with major road frontage. Island Plaza is a 5,011 square foot, multi-tenant strip center located on Old Dixie Highway in the South East sub market of Vero Beach. The center boasts premium corner lot visibility, access, monument signage, and quality block construction. Island Plaza is located on a busy highway that produces a tremendous traffic count. The retail center is very close to thousands of homes and businesses. Island Plaza consists of 6, Internet resistant tenants that service the surrounding area. The Vero Beach sub market boasts very high income and density. Vero Beach is a high-end destination location with homes that sell for over $30 million dollars. Located close to the beach, river and highways.Tenants are responsible for all repairs inside there units. There are no major repairs needed so the buyer's profit margin should easily be maintained for many years to come. This is an extremely rare opportunity to own a retail strip center for such a great price!
    Exterior Features

    Bays 6 Construction BlockCbs Miles To Beach 3 Roof Comp RolledOther Waterfront Description None Waterfront YN No

    Interior Features

    Bath Toilets 7.00 Ceiling Acoustic Ceiling Height 12 Cooling CentralCentral IndividualElectric Door Height 10 Flooring Ceramic TileConcreteLaminate Heating Central IndividualElectric Miscellaneous1 Computer WiredEntertainHandicappedLandscapedSprinkler CitySprinkler Water Miscellaneous2 Meeting RoomOfficeOutside StorageOverhead DoorsPrivate RestroomPublic RestroomRear AccessReception AreaRestaurantSeparate Office AreaShowroomStorageTraffic AutoTraffic Heavy Offices 6 Percent Air Conditioned 100.00

    Property Features

    Ann Assoc Condo Dues 0.00 Available Docs Aerial Available Info Books & RecordsContractsCopies Of LeaseDeedFull FinancialsInvestment AnalysisOwner ManagedPersonal Prop InvPhotos Built Desc Resale Expenses Accounting And Legal 0.00 Expenses Advertising 0.00 Expenses Insurance 969.87 Expenses Management 0.00 Expenses Real Estate Taxes 6847.77 Expenses Total Expenses 8004.00 Expenses Trash 0.00 Fire Protection NoneSmoke Detector For Lease Yes For Sale Yes Lease 1-3 Years4-6 Years7-10 YearsAnnualGross RentLong Term List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location Beach AreaCentral Business DstCityCommerce ParkInvestment Meters 7.00 Monetary Info Source Of Expenses Owner Monetary Info Total Expenses 8004.00 Monetary Info Total Mrtg Balance 0.00 Monetary Info Vacancy Rate 0.00 Possession At Closing Sale Includes Building And LandSigns Security Security Light Special Info Presently Leased Tax Amount Real Estate Taxes 7133.09 Tax Year 2019 Tenant Pays ElectricJanitorialSewerWater Tenants 6 Terms Considered CashConventional Type Of Building CommercialFree StandingIncomeOffice/RetailRestaurantRetailShopping CenterStrip Store Use IncomeRetail Utilities ElectricMunicipal WaterPublic SewerPublic WaterSeparate MeterUnderground

    Listing provided courtesy of Re/Max Classic. Listing information © 2020 BeachesMLS
     
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