The Kite Team is pleased to offer for sale 2300 5th Avenue, a premier 67,000 sq. ft. office complex located on seven acres in the heart of Vero Beach, FL. The property is being marketed as a net lease investment sale with stable income and significant upside value. The Omni Financial, Childcare Resources, and the Alzheimer & Parkinson Association occupy 92% of the building.As the only remaining large parcel in Vero Beach, Florida, the property offers the astute investor a value-add investment opportunity to acquire a premier 67,000 sq. ft. office complex.'
| Property Type | Office Bldg |
|---|---|
| Year Built | 1969 |
| Renovated Year | 2022 |
| Level Number | 2 |
| Average Floor Size | 30,000 |
| Max Continuous Area | 67,000 |
| Min Divisible Area | 67,000 |
| Zoning | POI |
| Tax Year | 2021 |
| Cap Rate Percentage | 5.2 |
| Listing ID | 5YCY4T |
| MLS ID | RX-10817882 |
| Style | Other Style |
| Building Size | 67,000 SF |
| Lot Size | 7 AC |
| Taxes | $79,683 |
Property Highlights
67,000 SF centrally located office complex with stable income Significant value-add and adaptive-reuse upside potential A rare opportunity to acquire seven acres in the heart of Vero Beach, FL Strategically located adjacent to prominent grocers and many retailers Advanced industries from aviation/aerospace to aquaculture World-renowned agricultural products and recreational opportunities Research, emerging tech, life sciences, and specialty healthcare industries Financial services, insurance, and higher education resources
Area DescriptionDirections: From US 1 in Vero Beach go East on 21st Street, turn right (North) on 5th to property.
| Water: | Municipal Water |
| Cooling: | Central A/C |
| Exterior Description: | Concrete Block |
| Pre-Wiring: | Cable |