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1020-1050 Easter Lily Ln, Vero Beach - Ocean Park 4,487 SF Retail Condo Unit Offered at $8,213,150 CAD in Vero Beach, FL 32963
Investment Highlights
- Prime mixed-use configuration combining ocean-close residences with retail condominiums
- Strong surrounding demographics, supported by high median home values and income levels
- Located within the Ocean Park of Vero Beach subdivision, steps from the Atlantic coastline
Executive Summary
The property is a condominium development located at 1020-1050 Easter Lily Lane in Vero Beach, Florida, within the Ocean Park of Vero Beach subdivision in Indian River County. Land use is designated as condominium, and the site is situated east of SR A1A on the barrier island. The area surrounding the property includes residential neighborhoods, boutique retail, and beach access points. The property is in proximity to local shopping destinations, dining establishments, and beachfront amenities. Nearby thoroughfares include SR A1A offering connectivity to the greater Sebastian-Vero Beach-West Vero Corridor region.
1 Unit Available
Unit 1050
| Unit Size | 4,487 SF | Condo Use | Retail |
| Price | $8,213,150 CAD | Sale Type | Investment or Owner User |
| Price Per SF | $1,830.43 CAD | APN/Parcel ID | 32-40-32-00048-0001-00004.0 |
| Unit Size | 4,487 SF |
| Price | $8,213,150 CAD |
| Price Per SF | $1,830.43 CAD |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 32-40-32-00048-0001-00004.0 |
Description
Exceptional opportunity to acquire a premier oceanfront retail condo in Vero Beach, Florida. This property is ideally positioned along the area’s renowned barrier island, surrounded by luxury residential communities, resorts, and a vibrant coastal shopping district. Built in 2010 and renovated in 2018, the space offers a well-appointed interior with modern finishes and an expansive outdoor deck enhanced by retractable screens and weather protection.
The property includes premium features such as a standby generator, acoustic treatments, and a dedicated wine storage area. Public beach access and ample nearby parking enhance accessibility and customer convenience. Positioned within a well-maintained condominium association, the complex also includes other upscale commercial and residential units, contributing to a strong, attractive tenant mix.
This offering includes the real property and existing FF&E, making it suitable for a variety of high-end retail or dining concepts. For qualified buyers, additional assets such as a valuable 4 COP liquor license and operational components may be negotiable. Showings are by appointment only.
Sale Notes
Rare opportunity to purchase an exclusive oceanfront restaurant located in Vero Beach, Florida, home to a world class barrier island resort area, retired fortune 500 executives, high-end residential properties, fabulous golf courses and other refined amenities situated beautifully between the Indian River Lagoon and the Atlantic Ocean. The unique restaurant was built in 2010 and renovated in 2018. It has 3,087 under air and a 1,400 sq. foot outdoor deck. The deck has electric drop-down screens and rain shields when needed. Total seating capacity is approximately 160, 90 in and 70 out. There is a public beach access parking lot with approximately 50+/- spaces adjoining the property and other nearby street parking. The surrounding area is a quaint oceanfront shopping district drawing tourists and locals alike. The business serves full liquor with a 4 COP License valued at $485k+/-. This can be included in the sale if the total offer is acceptable. They have a full-service standby generator, 400+/- sq ft wine cave, sound absorbing acoustic panels, newer flooring and many other state-of-the-art features. The property was raised 9 feet when it was built, and it is anchored by 256 three-foot-wide pilings driven 55 feet deep. The area is charming and features strong economic growth through tourism and ongoing development. The opportunity includes the real property and all furniture, fixtures, and equipment of the restaurant. The restaurant is part of a Condo Association that features 2 buildings, building 1 houses the restaurant, a 3,431 sq ft salon, and 8 luxury residential condos. Building 2 has 3 luxury condos. The sale does not include the business itself but potentially could. The Executive Chef and staff would likely be open to discussions of re-launching and continuing operations with a new theme and operator. Showings are by appointment only. Please do not speak with the staff. You are welcome to go by and have a delicious meal as a customer and take it all in but please do not otherwise disrupt the ongoing business operations. This is an excellent once in a lifetime opportunity to own an exquisite oceanfront restaurant. Acquisition Experts, LLC is one of Florida's leading M&A Intermediaries and is proud to bring you this extremely exclusive opportunity to acquire this outstanding property, and we look forward to being of service.
+4 More
Interior Entrance
Dining Room
Dining Room
Dining Room
Dining Room
Outdoor Deck
Ocean Views from Patio
Covered Patio Seating
Outdoor Bar
Property Facts
Amenities
Site Amenities
- 24 Hour Access
- Pool
- Property Manager on Site
- Wheelchair Accessible
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 300 | - | - |
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1020-1050 Easter Lily Ln, Vero Beach - Ocean Park
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