NOT LISTED FOR SALE

960 U S Highway 1 Vero Beach, FL 32960

Estimated Value: $4,415,727

1.5 Acres
$2,943,818 Price per Acre
65,340 Sq Ft Lot

Last Sold January 24, 2022

Last sale price $1,000,000

Est. 342% increase in value since last sale

Current estimated payment $23,893/month

Highlights

  • 1.5 Acre Lot
  • Vero Beach High School Rated A-
  • Views

About This Lot

As of January 2022

1.5 ACRE U.S.1 CORNER Retail site! 28,832 Cars per day going by this location! 6,000 SF restaurant location possible or 10,000 SF retail building! 8 County water & sewer ERU’s already in place and paid for along with traffic impact fees for a 5,600 SF restaurant. Cross-parking and development agreement on file.

Last Agent to Sell the Property

Ron Lambert

Lambert Commercial Real Estate License #0531778 Listed on: 09/28/2021

Last Buyer's Agent

NON-MLS AGENT

NON MLS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,206

Lot Details

  • 1.5 Acre Lot
  • Property is zoned , CG, Commercial

Utilities

  • Cable TV Available

Additional Features

  • Property Views

Community Details

  • Vero Land Companys Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 / 15
  • Assessor Parcel Number 33391200015000000005.1

Property Details

Property Type

Land

Est. Annual Taxes

$10,206

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 1.5
  • Road Surface Type: Paved
  • Subdivision Name: Vero Land Companys
  • Directions: Directly on US Hwy 1 at the corner of 10 St. Just north of Chilis Restaurant
  • Attribution Contact: 772-778-2334
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Commercial

Exterior Features

  • Lot Features: 1-3 Acres
  • View: Other
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No

Utilities

  • Sewer: Connected
  • Utilities: Cable Available
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Community Features: Other, Storm Drain(s)
  • Association Name: N/A

Lot Info

  • Current Use: Commercial
  • Lot Size Sq Ft: 65340.0
  • Number Of Lots: 1
  • Parcel #: 33391200015000000005.1
  • Zoning Description: Commercial
  • Zoning: , CG
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 10206.0
  • Tax Block: 15
  • Tax Lot: 5
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2024
Sold by
Aileron Vero Beach Llc
Bought by
So Vero Beach Llc
Current Estimated Value
$4,415,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,334,000
Outstanding Balance
$4,303,729
Interest Rate
6.78%
Mortgage Type
Seller Take Back
Estimated Equity
$111,998

Purchase Details

Listed on
Sep 28, 2021
Closed on
Jan 21, 2022
Sold by
960 Us 1 Llc
Bought by
Aileron Vero Beach Llc
Seller's Agent
Ron Lambert
Lambert Commercial Real Estate
Buyer's Agent
NON-MLS AGENT
NON MLS
List Price
$1,300,000
Sold Price
$1,000,000
Premium/Discount to List
-$300,000
-23.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.44%

Purchase Details

Closed on
Apr 19, 2006
Sold by
Scotad Inc
Bought by
960 U S 1 Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
So Vero Beach Llc $4,484,000 None Listed On Document
So Vero Beach Llc $4,484,000 None Listed On Document
Aileron Vero Beach Llc $1,000,000 Campione Campione & Leonard Pa
960 U S 1 Llc -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open So Vero Beach Llc $4,334,000
Closed So Vero Beach Llc $4,334,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/24/2022 01/24/22 Sold $1,000,000 -23.1% --
12/25/2021 12/25/21 Pending -- -- --
09/28/2021 09/28/21 For Sale $1,300,000 -- --
Source: REALTORS® Association of Indian River County

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,362 $1,139,468 $555,390 $584,078
2023 $9,362 $672,466 $555,390 $117,076
2022 $9,324 $664,746 $555,390 $109,356
2021 $9,558 $657,558 $555,390 $102,168
2020 $9,726 $658,903 $555,390 $103,513
2019 $10,046 $660,247 $555,390 $104,857
2018 $10,206 $661,591 $555,390 $106,201
2017 $10,279 $654,980 $0 $0
2016 $10,398 $654,980 $0 $0
2015 $10,873 $656,310 $0 $0
2014 $14,186 $785,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ron Lambert

    Seller's Agent in 2022

    Ron Lambert

    Lambert Commercial Real Estate

    (772) 538-3930

    2 in this area

    31 Total Sales

    Ron Lambert
    Section Image

  • N

    Buyer's Agent in 2022

    NON-MLS AGENT

    NON MLS

See All Agents

Map

Source: REALTORS® Association of Indian River County

MLS Number: 246957

APN: 33-39-12-00015-0000-00005.1

Florida Indian River County Vero Beach 32960

960 U S Highway 1, Vero Beach, FL

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