9625 State Road 60 - 12.73 Acre Development Site off I-95 & SR-60 12.73 Acres of Commercial Land Offered at $8,954,400 CAD in Vero Beach, FL 32966

INVESTMENT OVERVIEW:
Flaig Commercial Group presents 12.73+/- acres of CG (General Commercial)-zoned land one-half mile west of the I-95/SR 60 interchange in Vero Beach, FL. Offered at $6.5M, the site is priced below comparable small-parcel land sales on the corridor, offering an attractive basis for retail, hospitality, medical, or mixed-use development.
SITE / ACCESS:
The 12.73+/- AC site is level and cleared, with +/-1,044 Feet of frontage on SR 60, +/-582 Feet of depth, and two curb cuts - supporting phased or multi-pad development. Water and sewer service is available via Indian River County Utilities (buyer to verify current capacity and connection requirements).
ZONING / HIGHEST AND BEST USE:
Zoned CG (General Commercial) under Indian River County code, the site permits retail, restaurant, fuel/convenience, hotel, office, medical, and automotive service uses. Highest and best use is a multi-tenant commercial development anchored by a national or regional retailer with complementary small-shop retail and a pad/outparcel, consistent with a conceptual site plan prepared by MBV Engineering (illustrative only, not an approved plan; buyer to complete independent due diligence). A portion of the site lies within an airport approach surface associated with the adjacent private airstrip at 1890 98th Ave, which limits building heights within that portion of the site (buyer to verify allowable heights with Indian River County and FAA guidance).
MARKET CONTEXT:
The site sits within an established retail node anchored by Vero Beach Outlets and a four-hotel cluster, with Wawa and Cracker Barrel within a half mile. SR 60 is the primary east-west commercial corridor connecting Vero Beach to I-95, generating strong drive-by exposure and regional accessibility.
GROWTH & INFRASTRUCTURE:
The immediate submarket is in the middle of the largest documented residential build-out in the county. D.R. Horton's Venetian Grove, a 900-home master-planned community on 239+/- acres just off 98th Avenue, is under construction in three phases (251, 340, and 309 homes). Lennar's Harmony Isles, 384 residential units on 116.86+/- acres at 1375 98th Avenue, received a development agreement amendment in February 2025 - both communities sit within a mile of the subject site. Combined with 473 apartment units delivered on SR 60 since 2023 (The Griffon and Aspire Vero Beach), more than 1,750 residential units are built, under construction, or approved in this immediate corridor. Indian River County's population reached 172,799 as of mid-2025, up 8.1% since 2020 (U.S. Census). Indian River County Fire Rescue opened a new 9,035 SF station on SR 60 west of I-95 in February 2026, with roadway improvements tying 98th Avenue to SR 60 near the site - a direct signal of continued public investment in the corridor.
DEAL STRUCTURE
Seller will consider a sale of the whole parcel, ground lease, build-to-suit, or a joint venture. The site is being offered as a whole parcel; buyer to determine subdivision feasibility with the county if desired.
DISCLOSURES
A portion of the site lies within an airport approach surface tied to the adjacent private airstrip at 1890 98th Ave, limiting building heights in that portion of the site. That adjacent 76.56+/- AC airstrip property is independently listed for sale at $10,800,000 - an assemblage opportunity that could allow the height restriction to be resolved through closure or rezoning, subject to county and FAA review. All information deemed reliable but not guaranteed; buyer to conduct independent due diligence on zoning, utilities, environmental conditions, and title.