Home » Vero Beach » 1705 Ocean Dr, Vero Beach, FL 32963 | F10452585

1705 Ocean Dr, Vero Beach, FL 32963 | For Sale

$5,500,000

Property Highlights

Listing ID F10452585 Status of this Listing: Active For Sale Property Type Commercial Sale Hotel/motel Lot area 23,958 Sqft/2225.77 m2 approx. Year Built 1956 Seller considers Owner Financing Time of this property on Rebonus 39 Day(s)
22 Photos of this Property

1705 Ocean Dr, Vero Beach, FL 32963

Property Description: Prime Opportunity in Prime location. Hotel is located in Prime vacation area across the street from Public Beach access. Time and money has been invested in this Hotel to make it perform like a well oiled Machine. There have been many meticulous upgrades to each unit to bring out the beach feel for valued customers. A new roof, Upgrades Electric panel, updated Billing system and other upgrades help the Staff operate efficiently with out needing the owner to be present. Total of 18 units with 1 unit used for on site service man for assistance to operate at all hours. Owner financing available

Useful Info

Original List Price:$5,500,000

Land Lot (Parcel) Details

Lot Size Acres:0.55
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Resale
Number of Buildings:1
Number of Units Total:1
Property Condition:
  • Resale
Levels:Two
Construction Materials:
  • Block
Flooring:
  • Tile
  • Terrazzo
Stories:2
Road Frontage Type:
  • County Road

Property Features

Waterfront:No
Security:
  • Smoke Detector(s)
  • Security System
  • Security Lights

Taxes and Expenses

Tax Annual Amount:$16,632

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023

Terms

Documents Available:
  • Ground Photo
  • Survey
Listing Terms Considered by Seller:
  • Cash
  • Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note)
  • Other
Occupant Type:
  • Call Agent
Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Senior Community:No

Parking

Covered Spaces:0
Parking Features:
  • Common
  • Guest

Utilities

Sewer:
  • Other
Electric:
  • 110 Volts
Water Source:
  • Public

More Details

Other Information:
Data exchange original Listing Number: F10452585

Zoning and Legal

Tax Legal Description:PELICAN COVE II BLK 3 LOT 18 PBI 3-79
Real Estate Folio Number (Parcel Number):334005000090030000180
Zoning Description:RM-10
Public Survey Township:40
Public Survey Section:5

Listing History

Update/EventDate/Days
Published Date:July 23, 2024 5:22 pm
On Market Date:July 23, 2024
Listing Contract Date:July 23, 2024
Price Change Date Time:July 23, 2024 5:22 pm
Last Important Update Description:New Listing
Date and Time of Last Important Update:July 23, 2024 5:22 pm
Status Last Changed:July 23, 2024 5:22 pm
Photos Last Modified:July 23, 2024 9:48 pm
Last Modified:July 24, 2024 3:15 am
Days on the Market Reference Date:July 24, 2024
Days on the Market (updated on Last Modified*):0
Cumulative Days on the Market (updated on Last Modified**):0

Additional Information

Lot Size Range:,
Number of Photos Count:22
Geographical Area:IR12
Area:6312 - Beach South (IR)
Ref ID:1077954806
Courtesy of:Coldwell Banker Paradise
Universal Property Id:US-12061-N-334005000090030000180-R-N

Location

Show Property Address:Yes
Street Name:Ocean Dr
Street Number:1705
Street Address:1705 Ocean Dr
City : Vero Beach
State : Florida
Zip Code : 32963
County : Indian River County
Full Address:1705 Ocean Dr, Vero Beach, FL 32963
Latitude:N27° 37' 59''
Longitude:W81° 38' 48.6''

Neighborhood

Postal City:Vero Beach

Property Map