$2,400,000
$2,790,000
14.0%For more information regarding the value of a property, please contact us for a free consultation.
0.29 Acres Lot
SOLD DATE : 02/27/2026
Key Details
Sold Price $2,400,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Subdivision Vero Isles
MLS Listing ID 290731
Sold Date 02/27/26
HOA Y/N No
Year Built 1970
Lot Size 0.290 Acres
Acres 0.29
Property Sub-Type Retail
Property Description
Rare canal-front mixed-use investment on Royal Palm Pointe offering 7,020 SF with stable commercial income and residential upside. The first floor features 3,600 SF of fully leased retail across 3 units with bathrooms, 10' ceilings, back entrances, and well-maintained interiors. The second floor includes three spacious 2BD/2BA apartments with canal views, private laundry, parking, and abundant natural light. Added value includes 6 deep-water slips, on-site laundry for boaters, and 18+ parking spaces. Prime location with cash flow and growth potential makes this property a standout opportunity.
Location
State FL
County Indian River
Area City Vero Beach
Zoning , C-1B
Interior
Heating Central
Cooling Central Air
Flooring Carpet, Tile, Vinyl
Fireplace No
Exterior
Exterior Feature Balcony, Storm/Security Shutters
Water Access Desc Public
Roof Type Rolled/Hot Mop
Present Use Retail
Total Parking Spaces 19
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
HOA Name Owner
Tax ID 32403100001001000012.0
Acceptable Financing Cash, New Loan
Listing Terms Cash, New Loan
Financing Conventional
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Bought with Alex MacWilliam, Inc.
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