561.676.8886
lindawellman7(at)gmail(dotted)com

Main Content

300 Old Dixie Highway, Vero Beach, FL 32962 (MLS# R10631204)

300 Old Dixie Highway, Vero Beach, FL 32962

$555,000
Property Type: Commercial Sale Square Footage: 5,011 Status: Closed
Current Price: $555,000 List Date: 6/16/2020 Last Modified: 5/23/2026

Overview

Description

Outstanding investment opportunity. Corner lot with major road frontage. Island Plaza is a 5,011 square foot, multi-tenant strip center located on Old Dixie Highway in the South East sub market of Vero Beach. The center boasts premium corner lot visibility, access, monument signage, and quality block construction. Island Plaza is located on a busy highway that produces a tremendous traffic count. The retail center is very close to thousands of homes and businesses. Island Plaza consists of 6, Internet resistant tenants that service the surrounding area. The Vero Beach sub market boasts very high income and density. Vero Beach is a high-end destination location with homes that sell for over $30 million dollars. Located close to the beach, river and highways.

Supplements: Tenants are responsible for all repairs inside there units. There are no major repairs needed so the buyer's profit margin should easily be maintained for many years to come. This is an extremely rare opportunity to own a retail strip center for such a great price!

Listing Details MLS# R10631204

General Property Information

Property Sub Type
Retail
Number Of Units Total
6
Building Area Main
5011
Building Area Source
Owner
Year Built
1984
Lot Size Area
22215.6
Lot Size Acres
0.51
Accessibility Features YN
Yes
Stories
Yes

Property Features

Building Features: Free Standing; Meeting Room(s); Overhead Door(s); Private Restroom(s); Public Restroom(s); Rear Access; Reception Area; Restaurant; Separate Office Area; Showroom; Storage; Wired for Computers Business Type: Commercial; Retail Ceiling: Acoustic Documents Available: Aerial Photo(s); Books & Records; Contracts; Copy Of Lease(s); Deed; Financial Statement; Investment Analysis; Owner Managed; Personal Property Inventory Electric: Separate Meters; Three Phase; Underground Flooring: Ceramic Tile; Concrete; Laminate Heating: Central Individual; Electric Location of Property: Beach Access; Central Business District; City Location; Commerce Park Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building; Land; Signs Sprinkler Description: City Sprinkler System; Other Sprinkler Source Of Expenses: Owner Provided Tenant Pays: Electricity; Janitorial Service; Sewer; Water Construction Materials: Block; CBS Cooling: Central Air; Central Individual Listing Terms: Cash; Conventional Lot Features: Landscaped Traffic Type: Auto; Heavy Roof: Composition; Other Security Features: Security Lights; Smoke Detector(s); None Sewer: Public Sewer Structure Type: Office; Retail Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Text Listing Agent

Contract Information

Comp Sale YN
No
Original List Price
620000

Location and Legal

County Or Parish
Indian River
County Parish Name
Indian River
Street Number
300
Street Name
Old Dixie
Street Suffix
Highway
City Name
Vero Beach
State Or Province
FL
Postal Code
32962
Area
6321 - City of Vero Beach (IR)
Geographic Area
INRV - Indian River
Parcel Number
333913000140000000140
Multiple Offers Accepted
Yes
Zoning
CH
Directions
300 Old Dixie Hwy, Vero Beach, FL 32962
Property Description
retail and office

Financial Information

Tax Annual Amount
7133.09
Tax Year
2019
Tax Legal Description
DIXIE COMMERCIAL PARK SUB LOT 14 PBI 11-4

Remarks and Miscellaneous

Public Historical Remarks
Building Type: Y, Miscellaneous: Y, Miscellaneous: Y, Miscellaneous Information: Y

More Information

Status Change Information

Major Change Timestamp
2021-06-15T13:46:25Z
Major Change Type
Status Change
Price Change Timestamp
2020-07-24T20:03:46Z
Status Change Date
2021-06-15
Close Date
2020-11-30
Close Price
555000
Buyer Financing
Cash

Building and Property Details

# Of Bays
6
# Of Offices
6
# Of Tenants
6
# Of Toilets
7
% Air Conditioned
100
Door Height
10-12'
Interior Ceiling Height
12
Maximum Ceiling Height
12

Distance To Information

Miles to Beach
3

Meter Information

Number Of Meters Total
7

Income and Expenses

Insurance Expense
969.87
Operating Expense
8004
Real Estate Taxes
6847.77
Total Expenses
8004
Vacancy Allowance Rate
0

Price Calculations

Current Price To SqFt
110.75
Original List Price To Close Price
1.11

Originating Details

Originating System Key
20200616154625888183000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Separate Meters
Yes
Three Phase
Yes
Underground
Yes

Flooring

Ceramic Tile
Yes
Concrete
Yes
Laminate
Yes

Property Condition

Resale
Yes

Documents Available

Aerial Photo(s)
Yes
Books & Records
Yes
Contracts
Yes
Copy Of Lease(s)
Yes
Deed
Yes
Financial Statement
Yes
Investment Analysis
Yes
Owner Managed
Yes
Personal Property Inventory
Yes
Photos
Yes

Structure Type

Office
Yes
Retail
Yes

Tenant Pays

Electricity
Yes
Janitorial Service
Yes
Sewer
Yes
Water
Yes

Location of Property

Beach Access
Yes
Central Business District
Yes
City Location
Yes
Commerce Park
Yes

Possession

Close Of Escrow
Yes

Sewer

Public Sewer
Yes

Building Features

Free Standing
Yes
Meeting Room(s)
Yes
Overhead Door(s)
Yes
Private Restroom(s)
Yes
Public Restroom(s)
Yes
Rear Access
Yes
Reception Area
Yes
Restaurant
Yes
Separate Office Area
Yes
Showroom
Yes
Storage
Yes
Wired for Computers
Yes

Business Type

Commercial
Yes
Retail
Yes

Ceiling

Acoustic
Yes

Heating

Central Individual
Yes
Electric
Yes

Sale Includes

Building
Yes
Land
Yes
Signs
Yes

Sprinkler Description

City Sprinkler System
Yes
Other Sprinkler
Yes

Construction Materials

Block
Yes
CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Landscaped
Yes

Roof

Composition
Yes
Other
Yes

Security Features

Security Lights
Yes
Smoke Detector(s)
Yes
None
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Central Air
Yes
Central Individual
Yes
Electric
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Text Listing Agent
Yes

Traffic Type

Auto
Yes
Heavy
Yes
Listing Office: Classic Homes of Treas Coast
IDX
Last Updated: May - 23 - 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.
Search powered by FBS Products
Skip to content