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275 18th Street, Vero Beach, FL 32960 (MLS# R3314915)

275 18th Street, Vero Beach, FL 32960

$2,350,000
Property Type: Commercial Sale Square Footage: 11,517 Status: Closed
Current Price: $2,350,000 List Date: 9/29/2012 Last Modified: 5/20/2026

Overview

Description

Class A Medical Office and Surgical Center. CBS construction, tile roof, impact windows & doors, backup generator, well landscaped grounds, centrally located in the City of Vero Beach. Owners and tenant willing to do a lease back for 5 years NNN with 3 additional 5 year options at an 8% starting cap-rate with annual escalations.

Listing Details MLS# R3314915

General Property Information

Number Of Units Total
Yes
Building Area Main
11517
Building Area Source
Public Records
Year Built
2002
Lot Size Area
85377.6
Lot Size Acres
1.96
Stories
Yes

Property Features

Building Features: Free Standing Business Type: Commercial; Medical; Other Electric: Three Phase Flooring: Carpet; Ceramic Tile; Vinyl Heating: Central; Electric; Zoned Location of Property: Central Business District; City Location Possession: Close Of Escrow; Negotiable Sale Includes: Building; Land Construction Materials: CBS Cooling: Central Air; Zoned Listing Terms: Cash; Conventional; Lease Back Roof: Spanish Tile Security Features: Fire Alarm Sewer: Public Sewer Structure Type: Office Water Source: Public Showing Requirements: 24 Hour Notice; Call Listing Agent; Listing Agent Must Accompany

Contract Information

Comp Sale YN
No
Original List Price
2887500

Location and Legal

Country
United States
County Or Parish
Indian River
County Parish Name
Indian River
Street Number
275
Street Name
18th
Street Suffix
Street
City Name
Vero Beach
State Or Province
FL
Postal Code
32960
Area
5940 - Other Florida County
Parcel Number
334006000000040000010
Zoning
Com
Directions
ST Rd. 60 to Indian River Blvd, South to 18th St. East to property on left.
Property Description
Class A Medicall Off

Financial Information

Tax Annual Amount
19409
Tax Year
2011
Tax Legal Description
Acreage & Unrec Lot:4 Blk:

Remarks and Miscellaneous

Public Historical Remarks
Building Type: Y

More Information

Status Change Information

Major Change Timestamp
2013-07-15T15:44:02Z
Major Change Type
Status Change
Price Change Timestamp
2013-04-02T05:00:04Z
Status Change Date
2013-07-15
Under Contract Date
2013-05-15
Close Date
2013-07-02
Close Price
2350000
Buyer Financing
Conventional

Building and Property Details

# Of Tenants
3
# Of Toilets
11
% Air Conditioned
100
Maximum Ceiling Height
10

Meter Information

Number Of Meters Total
Yes

Income and Expenses

Gross Income
231000

Price Calculations

Current Price To SqFt
204.04
Original List Price To Close Price
1.22

Originating Details

Originating System Key
20130215223800804885000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Three Phase
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes
Vinyl
Yes

Structure Type

Office
Yes

Location of Property

Central Business District
Yes
City Location
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Sewer

Public Sewer
Yes

Building Features

Free Standing
Yes

Business Type

Commercial
Yes
Medical
Yes
Other
Yes

Heating

Central
Yes
Electric
Yes
Zoned
Yes

Sale Includes

Building
Yes
Land
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Lease Back
Yes

Roof

Spanish Tile
Yes

Security Features

Fire Alarm
Yes

Water Source

Public
Yes

Cooling

Central Air
Yes
Electric
Yes
Zoned
Yes

Showing Requirements

24 Hour Notice
Yes
Call Listing Agent
Yes
Listing Agent Must Accompany
Yes
Listing Office: Coldwell Banker Paradise
IDX
Last Updated: May - 20 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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