SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane $3,200,000

  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane
  • SOUTH BEACH INVESTMENT PROPERTY - 1517, 1555 Ocean Drive & 927 Coquina Lane

Current Price: $3,200,000
New Price:
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Name Location Type Distance

1517, 1555 Ocean Drive & 927 Coquina Lane, Vero Beach
•Rare opportunity to purchase one of Vero Beach’s trophy properties!
•Two restaurants and a 7-unit apartment building.
•Walking distance to area restaurants and shopping with only minutes to the beach.
•Private Beach Access.
•Currently leased by Dario and Di Mare restaurants.
•Zoning will allow a total of 30 hotel units along with the 2 existing restaurants.

 

PROPERTY - .97 Acres with 269.46 ft. frontage on Ocean Drive and 196.80 ft. of depth
BUILDINGS -
1555 Ocean Dr. - 3,516 sf 1 story building
1517 Ocean Dr. - 8,393.5 sf 2 story building
ZONING -
C-1A - Tourist Commercial Services
RM-10/12 - Medium & High Density Family
YEAR BUILT -
1961 - 1517 Ocean Drive
1979 - 1555 Ocean Drive
R.E. TAXES - $20,876.08 - 2015 Total 3 parcels
OCCUPANCY - 100%
CAP RATE - 5%
NOI - $160,956

 

SALE PRICE - $3,200,000


1517 Ocean Drive
Vero Beach, Florida 32963
United States
Sale Type: FOR SALE
Category: Income
BIlly Moss
Lambert Commercial Real Estate

P: 772-778-2334
M: 772-713-4471
1517 Ocean Drive
Vero Beach, Florida 32963
United States
Sale Type: FOR SALE
Category: Income
BIlly Moss
Lambert Commercial Real Estate

P: 772-778-2334
M: 772-713-4471

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1517 Ocean Drive
Vero Beach, Florida 32963
United States
Sale Type: FOR SALE
Category: Income
BIlly Moss
Lambert Commercial Real Estate

P: 772-778-2334
M: 772-713-4471
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