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FREESTANDING COMMERCIAL BUILDING FOR SALE | VERO BEACH
Excellent opportunity to acquire a 2, 640± square foot freestanding commercial building located in Vero Beach on 20, 000 +/- SQFT lot. Offered in shell condition, the property provides a rare opportunity to customize the space to meet specific business needs.
Zoned CG (General Commercial), the property is suitable for a wide range of retail and commercial uses including convenience stores, neighborhood markets, specialty retail, professional services, personal service businesses, and other customer-oriented operations as allowed by the city of Vero Beach.
The freestanding configuration offers maximum operational flexibility, strong branding potential, and a dedicated customer experience that is often difficult to achieve within multi-tenant shopping centers. Ample on-site parking provides convenient access for customers, employees, and vendors.
The shell condition allows a future owner to design an efficient floor plan tailored to their concept while avoiding the limitations and costs associated with removing an existing buildout.
Surrounding businesses include IHOP, BP, nearby lodging accommodations, and a variety of retail, restaurant, and service-oriented businesses that generate consistent consumer activity throughout the area. The location also offers convenient access to I-95, positioning the property to serve both local residents and travelers moving through the Treasure Coast region. Annual average daily traffic 20th street: 30, 000 vehicles, annual average daily traffic I-95: 53, 500 vehicles.
Ideal for owner-users, franchise operators, retailers, convenience store operators, investors, and entrepreneurs seeking a highly adaptable commercial property.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,000,000 | $1,000,000 | $1,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.121% | 6.183% |
| Monthly Tax Payment | $478 | $478 | $478 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,836 | $5,996 | $8,439 |
| Total Monthly Payment | $6,439 | $6,599 | $9,042 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.