Listed by Real Estate of Florida
$1,100,000
1614 Us Highway 1
Details
APN 30382100001999900029.0
Property Type Retail
Sub Type Storefront
Square Footage 4,534
Units 4
Cap Rate 5.32%
NOI $58,465
Occupancy 100%
Tenancy Multi
Lease Type Net
Remaining Term 2
Year Built 1998
Buildings 1
Zoning CR
Four storefront, six bathrooms, excellent visibility and parking on US 1, flexible
Marketing description
Riverwalk Village Plaza is conveniently situated on the north side of Vero Beach, making it a solid investment. There are six retail storefronts and/or offices, and six bathrooms. Currently, two of the six are combined into four leased storefronts. All leases are up for renewal in 2027. The building is well-built, CBS-Constructed, with a steel Roof. The Plaza has been well-maintained. Riverwalk Village is located in the quaint Indian Riverfront Village of Sebastian, FL, a boating and fishing family community and popular destination. It is accessible to the ocean through the Sebastian Inlet.
Listing Contacts
Listed by Real Estate of Florida
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$58,465.00
$4,872.08/mo
Valuation Metrics
0
DSCR
5.32%
Cap Rate
5.32%
ROI
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