AIRPORT I LEASEHOLD INVESTMENT - 3101 - 3215 Aviation Blvd. $795,000


3101 - 3215 Aviation Blvd., Vero Beach, FL
•LEASEHOLD INVESTMENT OPPORTUNITY
•Strategically located in Vero Beach Airport / Industrial market!
•Less than 1 Mile from the Vero Beach Municipal Airport
•38 Parking Spaces!
•Site improvements include paved parking, concrete walkways, landscaping, irrigation & drainage, well lit exteriors, signage and fenced dumpster.
•Units consist of 1,000 to 6,000 SF Units.
•3 Buildings with 12 Units and 21,000 SF of Rentable Space!
•Building 1 - 3,585 SF Office/Warehouse Building
•Building 2 - 4,000 SF Office/Warehouse Building
•Building 3 - 14,000 SF Warehouse Building
•Property Size: Located on 1.6 Acres with 404.44 ft. of frontage on Aviation Blvd. with 172.69 ft. of depth
•Year Built: 1950’s, 1980 and 1988 with Renovations
•Zoning (ALI-1) Airport Light Industrial
•Utilities: City Water, Sewer & Electric
•R.E. Taxes: $10,193.37 (2019)

PROJECTED NOI:$112,423 (Based on 5% Vacancy, Currently 74% Occupied)
CAP RATE: 14% (Based on 5% vacancy, currently 74% occupied)
SALE PRICE: $795,000 (Land Lease Expires 5-31-2033)



Zoning: ZONING: (ALI-1) Airport Light Industrial
3101-3215 Aviation Blvd.
Vero Beach, Florida 32960
United States
Sale Type: FOR SALE
Ron Lambert
Lambert Commercial Real Estate

P: 772-778-2334
M: 772-538-3930
BIlly Moss
Lambert Commercial Real Estate

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