2045 14th Ave

Investment Highlights

Heavy daytime foot traffic 16,000 sq ft +/- 60 parking spaces

Executive Summary

Explore the possibilities of redeveloping or renovating Arbor Center, a substantial 16,000 sq ft +/- property covering 2/3 of a city block in the heart of downtown Vero Beach! Positioned directly on 14th Avenue, just north of 20th Street (State Road 60), it currently houses a mix of office, retail, gym, and residential spaces across two buildings. Accompanied by an adjacent parking lot offering approximately 60 spaces, the property is strategically located.One standout feature is the concrete rooftop space, presenting an excellent opportunity for an outdoor restaurant and bar. With its corner location, this space adds a unique and attractive element to the property. Whether you envision a complete redevelopment or a meticulous renovation, Arbor Center holds tremendous potential for a vibrant and versatile urban space in the heart of downtown Vero Beach.

• Sale Type    Investment
• Sale Conditions    1031 Exchange 1031 Exchange Redevelopment Project 1031 Exchange
• Property Type    Office
• Property Subtype    Office/Residential Office/Residential General Retail Restaurant OfficeLoft Creative Space Office Medical Office/Residential
• Building Size    16,000
• Building Class    C
• Year Built/Renovated    1969/2014
• Price    4,000,000
• Price Per SF    250
• Percent Leased    100
• Tenancy    Multiple
• Building Height    2 Stories
• Typical Floor Size    14,000
• Slab To Slab    15?
• Building FAR    0.36
• Land Acres    1.01 AC

• 24 Hour Access
• Bus Line
• Signage
• Central Heating
• High Ceilings
• Drop Ceiling
• Air Conditioning