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2045 14th Ave 16,000 SF 100% Leased Office Building Vero Beach, FL 32960 $5,583,680 CAD ($348.98 CAD/SF)
INVESTMENT HIGHLIGHTS
- Heavy daytime foot traffic
- 16,000 sq ft +/-
- 60 parking spaces
EXECUTIVE SUMMARY
Explore the possibilities of redeveloping or renovating Arbor Center, a substantial 16,000 sq ft +/- property covering 2/3 of a city block in the heart of downtown Vero Beach! Positioned directly on 14th Avenue, just north of 20th Street (State Road 60), it currently houses a mix of office, retail, gym, and residential spaces across two buildings. Accompanied by an adjacent parking lot offering approximately 60 spaces, the property is strategically located.
One standout feature is the concrete rooftop space, presenting an excellent opportunity for an outdoor restaurant and bar. With its corner location, this space adds a unique and attractive element to the property. Whether you envision a complete redevelopment or a meticulous renovation, Arbor Center holds tremendous potential for a vibrant and versatile urban space in the heart of downtown Vero Beach.
One standout feature is the concrete rooftop space, presenting an excellent opportunity for an outdoor restaurant and bar. With its corner location, this space adds a unique and attractive element to the property. Whether you envision a complete redevelopment or a meticulous renovation, Arbor Center holds tremendous potential for a vibrant and versatile urban space in the heart of downtown Vero Beach.
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Building Size
16,000 SF
Building Class
C
Year Built/Renovated
1969/2014
Price
$5,583,680 CAD
Price Per SF
$348.98 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,000 SF
Slab To Slab
15’
Building FAR
0.36
Lot Size
1.01 AC
Zoning
Down Town District - 50' height limitation, can redevelop 5 stories
Parking
60 Spaces (3.75 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Signage
- Central Heating
- High Ceilings
- Drop Ceiling
- Air Conditioning
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 33-39-02-00001-0460-00000.1 | Improvements Assessment | $768,304 CAD |
| Land Assessment | $148,130 CAD | Total Assessment | $916,435 CAD |
PROPERTY TAXES
Parcel Number
33-39-02-00001-0460-00000.1
Land Assessment
$148,130 CAD
Improvements Assessment
$768,304 CAD
Total Assessment
$916,435 CAD
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Presented by
TP Kennedy Group
2045 14th Ave
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