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5240 20th St 5.45 Acres of Residential Land Offered at $2,641,374 CAD in Vero Beach, FL 32966
Investment Highlights
- Current zoning RS – seven, with possibility of high density and commercial zoning upon submitting plans to the building department
- Located in city's centre, directly on Highway 60
- High exposure with around 350 feet of exposure on 20th St. with so many options for opening up a business or investment
Executive Summary
Currently improved with an existing residence, the property offers numerous opportunities for investors, developers, business owners, or those seeking a strategic landholding in a rapidly growing market. The site’s generous dimensions and prominent location provide outstanding visibility from surrounding streets, making it ideal for a variety of future uses, subject to zoning and municipal approvals.
Property Facts
| Price | $2,641,374 CAD | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Total Lot Size | 5.45 AC |
| No. Lots | 1 | No. Stories | 2 |
| Property Type | Land | ||
| Zoning | RS-6 - This property is zoned for Residential R-6 zoning with the possibility of high-density and commercial zoning, upon submitting plans to the building. | ||
| Price | $2,641,374 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 5.45 AC |
| No. Stories | 2 |
| Zoning | RS-6 - This property is zoned for Residential R-6 zoning with the possibility of high-density and commercial zoning, upon submitting plans to the building. |
1 Lot Available
Lot
| Price | $2,641,374 CAD | Lot Size | 5.45 AC |
| Price Per AC | $484,655.77 CAD |
| Price | $2,641,374 CAD |
| Price Per AC | $484,655.77 CAD |
| Lot Size | 5.45 AC |
Prime Highway 60 property with RS-6 zoning and potential for high-density residential or commercial use (subject to approval). No HOA! Bring horses, build, or invest. Features a pole barn, detached garage, and excellent visibility in central location
Description
INVESTORS -- RESIDENTIAL OR COMMERCIAL & BUILDERS!! Current zoning RS-6, with the possibility of high-density and commercial zoning, upon submitting plans to the Building Dept. The property is situated in the city's centre, directly on Highway 60. Home is set back, so you can enjoy nature, but have all the stores you can imagine right outside your doorstep. Bring your horses or open your business upon getting your site plan approved. This property is one-of-a-kind, with so many options available. Great investment! The home has a lot of charm, including Peggy Cypress wall paneling all over the home. NO HOA!! Property includes Pole barn, detached carport/garage and an attached carport. See video tour! Will not last! • Approx. 5.45 acres of land in a central Vero Beach location • Excellent visibility and exposure from major thoroughfares • High daily traffic counts and strong surrounding demographics • Existing residence on site • Potential for redevelopment, mixed-use, commercial, office, residential, or investment opportunities • Convenient access to downtown Vero Beach, US-1, shopping, restaurants, and major services • One of the few large parcels remaining within the city core
Property Taxes
| Parcel Number | 33-39-04-00001-0060-00006.0 | Improvements Assessment | $429,146 CAD |
| Land Assessment | $410,533 CAD | Total Assessment | $839,679 CAD |
Property Taxes
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5240 20th St
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