1705 Ocean Dr Vero Beach, FL $ 4,500,000
1705 Ocean Dr
$ 4,500,000
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1705 Ocean Dr

Vero Beach, FL, 32963
$ 4,500,000
Bedrooms-- Baths--

Monthly Estimate*

$ 27,707

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Commercial Property for sale in Vero Beach, FL

for $4,500,000. This building was built in 1956 on a lot size of 0.55.

Prime Opportunity in Prime location. Motel is located across the street from Public Beach access. Time and money has been invested in this Motel to make it perform like a well oiled Machine. There have been many meticulous upgrades to each unit to bring out the beach feel for valued Guests. A new roof, Upgraded Main Electric panel, updated Billing system and other upgrades help the Staff operate efficiently with out needing the owner to be present. 19 units with 1 unit being used for on site staffer for assistance to operate at all hours. Owner financing available for qualified buyers.

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Commercial Active

Price

$ 4,500,000

Property Type

Commercial

Taxes

$ 23,229

Style

HotelMotel

Lot Size

0.55

Year Built

1956

Town/City

Vero Beach

County/Region

Indian River

MLS | Web ID

F10497123

Features
General
Sewer Other
Heating None
Roof Other
Security Features FireSprinklerSystem Other
Construction Materials Block
Year Built 1956
Stories Count 2
Levels Two
Property Subtype HotelMotel
Tax Year 2024
County Indian River
New Construction N
Property Type CommercialSale
HOA No
Attached Garage N
Garage Y/N N
Status Active
Directions A1A to 17th street east to ocean drive left to Motel
City Vero Beach
Senior Community Y/N N
Zoning Description RM-10
Number Of Units Total 0
MLS Area 6312 - Beach South (IR)
Lot Size Units SquareFeet
Lot Size Square Feet 23958.0
Carport Y/N N
Property Attached Y/N N
Year Built Details Resale
Land Lease Y/N N
Tax Annual Amount 23229.0
Home Warranty Y/N N
Property Condition Resale
Lease Renewal Y/N N
MLS Area Minor IR12
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/1705-Ocean-Dr-Vero-Beach-FL-32963/unbranded
Standard Status Active
Property Sub Type Additional HotelMotel
Legal Description PELICAN COVE II BLK 3 LOT 18 PBI 3-79
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Interior
Flooring CeramicTile Terrazzo Tile
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
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Exterior
Parking Features Common Guest
Water Source Public
Lot Size Area 23958.0
Number of Buildings 1
Spa N
Lot Dimensions .55
Lot Size Acres 0.55
Private Pool No
Waterfront Y/N N
Covered Spaces 0.0
Road Frontage Type CityStreet
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1705
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* Excluded Features
List By
Jimmy Phipps

Listing Agent

Affordability Calculator

$29,643
Per Month
93%
7%
0%
Monthly Principal & Interest
$27,707
Monthly Property Taxes
$1,936
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4206135 Elementary School
4205960 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/22/2025$4,500,000 -14.29% Price Down
4/8/2025$5,250,000 Listed Price

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1705 Ocean Dr, Vero Beach, FL, 32963 is a Commercial Property for sale at $4,500,000 with a lot size of 0.55. 1705 Ocean Dr was built in 1956. The property's zip code is 32963 which is in Vero Beach, FL