Active

1705 150th Ave

VERO BEACH, FL 32966

$10,260,000 $43,256/Mo

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Overview

14,681,027

Sqft(Lot)

513

Sqft(Lot)

Description

Property Overview Discover a rare investment opportunity with two expansive 500-acre parcels located in Vero Beach, Florida. These properties boast a remarkable one-mile frontage on the highly traveled State Highway 60 at the intersection of 154th Avenue, providing outstanding visibility and accessibility. The west side of the combined parcels features an impressive 1.5-mile frontage along paved 154th Avenue, offering multiple points of entry and enhancing the land’s future development potential. Strategic Location Situated just minutes from a major full interchange on Interstate 95, these parcels are less than 30 minutes from Vero Beach’s pristine, sprawling beaches. This strategic location ensures exceptional connectivity for logistics, commercial activity, and future residents, makin g the property ideal for a wide range of uses. Current Income and Investment Appeal Both parcels are currently leased to a reputable sod farm under a 10-year , yielding $480,000 in annual income with yearly escalations. This arrangement provides investors with a reliable, stable revenue stream while the land value continues to appreciate. The lease structure allows buyers to benefit from cash flow and potential tax advantages in the short term, while positioning for long-term capital growth. Future Development Potential With a one-mile frontage on State Highway 60 and close proximity to Interstate 95, these properties are prime candidates for rezoning to higher-value uses. The large road frontages and accessibility support a variety of future commercial, industrial, or residential projects. As transitional land, the parcels are well-suited for investors seeking to land bank and benefit from the region’s ongoing growth. Opportunity Zone Advantages Located within a federally designated Opportunity Zone, investors may be eligible for significant capital gains tax savings. This designation offers additional incentives for long-term investment and development, further enhancing the appeal of these properties for those seeking optimal returns. Flexible Purchase Options The two 500-acre parcels can be acquired together or separately, providing flexibility for both institutional and individual investors. This adaptability makes the offering suitable for a range of strategies, from large-scale development to long-term land banking. Key Features Summary • Two contiguous 500-acre parcels (1,000 acres total) in Vero Beach, FL • One-mile frontage on State Highway 60 at 154th Avenue intersection • 1.5-mile frontage on paved 154th Avenue (west side) • Minutes from Interstate 95 interchange; less than 30 minutes to Vero Beach • Currently leased to sod farm: $480,000/year income with escalation • Located in an Opportunity Zone for potential tax savings • Excellent fit for long-term investors and land bankers • Parcels may be sold together or separately Please contact for additional details. Information provided herein is from sources deemed reliable but not guaranteed and is provided without the intention that any buyer rely upon it. Listing Broker takes no responsibility for its accuracy and all information must be independently verified by buyers.

Property Details

Property Type : Land

Price : $10,260,000

AD Id : 67341936

MLS Id : MFRTB8435870

Lot Size : 513 Sqft(Lot)

Living Area Size : 14,681,027

County : Indian River

Map

What's Nearby

Nearby Areas

Features

Water Source

WaterSource: Canal/Lake For Irrigation

Lot Information

Lot Dimensions: n/a Lot Square Feet: 14681027 Lot Acres: 513 Lot Size (SqMt): 1363911

Property Information

Property Type: Land

Listing Price Information

Original List Price:$10260000

Tax Information

Tax Block: n/a Tax Book Number: 360-60 Tax Legal Description: ALL LESS R/ WS DESC IN BK 360 PP 60 Annual Tax: $57089.83 Tax Year: 2024 Parcel Number: 33-37-10-00000-1000-00001.0

Utility Information

Electricity Available Sewer: None Water Source: Canal/Lake For Irrigation
Location Information

City: VERO BEACH Direction: google cordinates- 27.63635, -80.62388

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
0000 74th Avenue, Vero Beach, FL, 32966	$1,350,000	--	--	--	18.73 Acres(Lot)
20th Street, Vero Beach, FL, 32966	$1,950,000	--	--	--	3.41 Acres(Lot)
20th Street, Vero Beach, FL, 32966	$1,650,000	--	--	--	6.44 Acres(Lot)
7505 Hidden Hammock Lane, Vero Beach, FL, 32966	$372,500	--	--	206,038	4.73 Acres(Lot)
7536 15th Street, Vero Beach, FL, 32966	$329,000	2	2	1,731	Acres (Lot)--
2400 E 98th Avenue, Vero Beach, FL, 32966	$59,000	--	--	--	0.52 Acre(Lot)
9630 21st Place, Vero Beach, FL, 32966	$30,000	--	--	6,969	0.16 Acre(Lot)
9641 Venetian Square, Vero Beach, FL, 32966	$341,865	4	2	1,665	Acres (Lot)--
UNASSIGNED Unassigned L.., Vero Beach, FL, 32966	$30,000	--	--	6,969	0.16 Acre(Lot)
8140 12th Street, Vero Beach, FL, 32966	$1,500,000	--	--	--	17.61 Acres(Lot)

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Based on information submitted to the MLS GRID as of 06/08/2026 @ 06:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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ByOwner last updated this listing 06/08/2026 @ 06:20

MLS: MFRMLS #TB8435870 LISTED BY: Sureka Pothapu, PEOPLE'S CHOICE REALTY SVC LLC 813-933-0677 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)