646 Us Highway 1
About This Property
172 feet on US #1.
141 feet on 6th Ave(no driveway access to 6th Ave will be allowed).
Old slab of former Pizza Hut site on site.
See old survey and recent preliminary site plan under documents tab.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 2, 2023 | No longer available | - | |
| No longer available | |||
| May 26, 2023 | Listed by Coldwell Banker Schmidt Family Of Companies | $515,000 | |
| Listed by Coldwell Banker Schmidt Family Of Companies | |||
| | |||
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Prime Vero Beach US #1 Commercial site. Fronts US #1 and backs up to 6th Ave. 172 feet on US #1 and 141 feet on 6th Ave but there is currently no egress or ingress on 6th Ave. This is the location on the old Pizza Hut and the slab of the former restaurant is still on site. Site has water connections and electricity is available. This site offers great visibility!
| |||
| May 19, 2023 | Sold | ||
| Sold | |||
| Dec 9, 2021 | Listed by Coldwell Banker Paradise | $515,000 | |
| Listed by Coldwell Banker Paradise | |||
| Oct 17, 2005 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017