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9670 SR 60
About This Property
Excellent opportunity to acquire 4.46± acres of General Commercial land in Vero Beach, Florida. Positioned at the signalized intersection of SR 60 and 98th Avenue, the property offers extensive exposure (AADT 13,000 vehicles) along one of the area's principal east-west commercial corridors, with convenient access to I-95.
The site features approximately 799 feet SR 60 frontage and is located near Vero Beach Outlets, hotels, restaurants and other commercial destinations. Its CG – General Commercial zoning provides flexibility for a variety of potential development concepts, including retail, restaurant, automotive and service-oriented commercial uses, subject to applicable zoning and development approvals.
The surrounding 5 mile market includes approximately 20,169 residents and 680 businesses.
With its substantial acreage, signalized corner location, SR 60 exposure and proximity to I-95, the property presents an opportunity for commercial developers, investors and businesses seeking a location in the west Vero Beach market.
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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%.
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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.
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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 25, 2026 | Listed by TOTAL R E CONSULTANTS INC | $2,200,000 | |
| Listed by TOTAL R E CONSULTANTS INC | |||
| Jan 9, 2024 | No longer available | - | |
| No longer available | |||
| Dec 6, 2023 | Price Increased |
$2,000,000
↑ $500K
(33.3%) | |
| Price Increased | |||
| Oct 28, 2023 | Listed by Coldwell Banker Paradise SEB/US1/IP | $1,500,000 | |
| Listed by Coldwell Banker Paradise SEB/US1/IP | |||
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This is an exceptional General Commercial property offering a prime location for development. Boasting over 750 ft of frontage on State Road 60 and 12,000 average daily traffic this properties. Just West of Vero beach Outlets and before CVS Distribution
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Property Highlights
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About Indian River
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TOTAL R E CONSULTANTS INC
Last Updated: 4 days ago
Data Source: Stellar MLS, MLS# O6445482
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