Shopping Strip
PALM PLAZA
1238 16th St, Vero Beach, FL 32960
Listing Price: $2,300,000
Rentable SF
11,800
Lot Size
1.50 acres
Year Built
1979
Investment Overview
7,800 SF Premier Retail Strip Center with 4,000 SF Storage/Warehouse Building Behind
PALM PLAZA
Investment Highlights
- Two Buildings Totaling 11,800 Rentable SF Situated on Large 1.5 Acre Parcel
- Ideal Owner/User Opportunity | 6,300 SF of Recently Vacated Retail Space Available for Occupancy in a Tight Submarket
- In-Place Cashflow from One Retail Tenant and the Storage/Warehouse Building to Offset Carry Costs in Meantime (See Agent for Financial Info)
- Direct Frontage, Access & Monument Signate on 16th Street (13,100 AADT) | One Mile East of the Subject Property 16th Street Becomes the Alma Lee Loy Bridge, Providing Immediate Access to the Beach
- Average Market Retail Rents Pushing $22/SF NNN in Immediate Area
- National Retails in the Immediate Area Include Walmart Neighborhood Market, Publix, Chick-fil-A, The Fresh Market, McDonald's, Ulta Beauty & More…
- 5-Mile Demographics: 98,000 Population & $97,000 Average Household Income
Exclusively Listed By
Financing By
Listing Price: $2,300,000
Rentable SF
11,800
Lot Size
1.50 acres
Year Built
1979
Investment Highlights
- Two Buildings Totaling 11,800 Rentable SF Situated on Large 1.5 Acre Parcel
- Ideal Owner/User Opportunity | 6,300 SF of Recently Vacated Retail Space Available for Occupancy in a Tight Submarket
- In-Place Cashflow from One Retail Tenant and the Storage/Warehouse Building to Offset Carry Costs in Meantime (See Agent for Financial Info)
- Direct Frontage, Access & Monument Signate on 16th Street (13,100 AADT) | One Mile East of the Subject Property 16th Street Becomes the Alma Lee Loy Bridge, Providing Immediate Access to the Beach
- Average Market Retail Rents Pushing $22/SF NNN in Immediate Area
- National Retails in the Immediate Area Include Walmart Neighborhood Market, Publix, Chick-fil-A, The Fresh Market, McDonald's, Ulta Beauty & More…
- 5-Mile Demographics: 98,000 Population & $97,000 Average Household Income
Investment Overview
7,800 SF Premier Retail Strip Center with 4,000 SF Storage/Warehouse Building Behind
Exclusively Listed By
Financing By
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