Retail Space
1985 90th Avenue Vero Beach, FL 32966
Details & Description
Price: $4,500,000
    Highlights Wyndham Howard Johnson Brand Located in Desirable Vero Beach at busy I-95 Florida's 7th richest counties 69 Rooms/ADR $74.45 72% occupancy rate last 12 months Renovated in 2017 73,034 SF located on 3.45 AcresDescriptionHoward Johnson Inn by Wyndham Vero Beach, FL Investment for sale.Located on 3.45 Acres in Vero Beach at visible I-95 exit. CG zoning. Renovated in 2017 per PIP/Howard Johnson standards. 2017- New interior renovations, new roof, new HVAC. All equipment owned, not leased.15 year Franchise licensing agreement-2010 with 5 years remaining.Royalty Fee- 6.5%63 Guest rooms, 4 Manager Apartments, and 2 Storage rooms. 45 Double Queen rooms, and 18 King rooms.All guest rooms provide conveniences like refrigerators and microwaves, plus free WiFi and TVs with satellite channels. Guests will also find coffee makers, free local calls, and hair dryers. 80 Parking spaces.The hotel is 73,034 SF and guest room portion is 25,933 SF.Average Daily Room rate- $74.45Hotel Occupancy rate- 72%Located in Vero Beach at I-95 exit, close to Vero Fashion Outlets (.9 miles) and Vista Plantation Golf Club (2.8 miles), surrounded by residential communities, retail, and businesses. This hotel is within the region of Holman Stadium at Dodgertown and Vero Beach Theatre.Indian River County is a county located in the Treasure Coast region of the U.S. state of Florida. As of the 2017 census, the population was 154,383. Its seat is Vero Beach. It is Florida's 7th richest county and in 2000 was the 87th richest county in the U.S. by per capita income.Indian River County comprises the Sebastian-Vero Beach, Florida Metropolitan Statistical Area, which is included in the Miami-Fort Lauderdale-Port St. Lucie, Florida Combined Statistical Area.PLEASE DO NOT GO INTO HOTEL OR CONTACT EMPLOYEES OF HOTEL. CONTACT AGENT FOR SHOWING.LocationLocated in Vero Beach at I-95 exit, close to Vero Fashion Outlets and Vista Plantation Golf Club. This hotel is within the region of Holman Stadium at Dodgertown and Vero Beach Theatre.
    Listing Agents
    Kari Grimaldi

    O: 813-882-0884
    M: 813-928-3733
    kari@grimaldicommercialrealty.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    1985 90th Avenue

    Vero Beach, FL 32966

    No Longer Listed
    • 1985 90th Avenue Vero Beach, FL 32966 | for Sale | Photo 1
    • 1985 90th Avenue Vero Beach, FL 32966 | for Sale | Photo 2
    1985 90th Avenue | for Sale | Thumbnail 1
    1985 90th Avenue | for Sale | Thumbnail 2
    Price
    $ /mo
    Description
    Highlights



    Wyndham Howard Johnson Brand
    Located in Desirable Vero Beach at busy I-95
    Florida's 7th richest counties
    69 Rooms/ADR $74.45




    72% occupancy rate last 12 months
    Renovated in 2017
    73,034 SF located on 3.45 Acres



    Description

    Howard Johnson Inn by Wyndham Vero Beach, FL Investment for sale.


    Located on 3.45 Acres in Vero Beach at visible I-95 exit. CG zoning. Renovated in 2017 per PIP/Howard Johnson standards. 2017- New interior renovations, new roof, new HVAC. All equipment owned, not leased.


    15 year Franchise licensing agreement-2010 with 5 years remaining.


    Royalty Fee- 6.5%


    63 Guest rooms, 4 Manager Apartments, and 2 Storage rooms. 45 Double Queen rooms, and 18 King rooms.


    All guest rooms provide conveniences like refrigerators and microwaves, plus free WiFi and TVs with satellite channels. Guests will also find coffee makers, free local calls, and hair dryers. 80 Parking spaces.


    The hotel is 73,034 SF and guest room portion is 25,933 SF.


    Average Daily Room rate- $74.45


    Hotel Occupancy rate- 72%


    Located in Vero Beach at I-95 exit, close to Vero Fashion Outlets (.9 miles) and Vista Plantation Golf Club (2.8 miles), surrounded by residential communities, retail, and businesses. This hotel is within the region of Holman Stadium at Dodgertown and Vero Beach Theatre.


    Indian River County is a county located in the Treasure Coast region of the U.S. state of Florida. As of the 2017 census, the population was 154,383. Its seat is Vero Beach. It is Florida's 7th richest county and in 2000 was the 87th richest county in the U.S. by per capita income.


    Indian River County comprises the Sebastian-Vero Beach, Florida Metropolitan Statistical Area, which is included in the Miami-Fort Lauderdale-Port St. Lucie, Florida Combined Statistical Area.


    PLEASE DO NOT GO INTO HOTEL OR CONTACT EMPLOYEES OF HOTEL. CONTACT AGENT FOR SHOWING.



    Location

    Located in Vero Beach at I-95 exit, close to Vero Fashion Outlets and Vista Plantation Golf Club. This hotel is within the region of Holman Stadium at Dodgertown and Vero Beach Theatre.

    Attachments & Files

    Vero Beach Area Market Trends

    Listing Demographics for 1985 90th Avenue Vero Beach, FL 32966

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population2,2268,39623,265
    Population Median Age615951
    Population by Age0-9 Yrs50 (2%)301 (3%)1602 (6%)
    10-19 Yrs118 (5%)496 (5%)2070 (8%)
    20-29 Yrs147 (6%)611 (7%)2268 (9%)
    30-39 Yrs27 (1%)444 (5%)1872 (8%)
    40-49 Yrs77 (3%)378 (4%)1776 (7%)
    50-59 Yrs389 (17%)914 (10%)2749 (11%)
    60-69 Yrs451 (20%)1648 (19%)4086 (17%)
    70+ Yrs966 (43%)3604 (42%)6843 (29%)
    Median HH Income$39,408$44,300$52,171
    Total Household Income< 24K314 (30%)864 (21%)1800 (19%)
    25-49K320 (31%)1355 (34%)2727 (28%)
    50-74K268 (26%)777 (19%)1766 (18%)
    75-99K44 (4%)356 (9%)1126 (11%)
    100-199K76 (7%)492 (12%)1567 (16%)
    200K+0 (0%)107 (2%)431 (4%)
    Highest Education LevelNo Diploma2116931493
    Diploma or GED85724825778
    Some College47417164056
    Assoc. Degree1145641824
    Bachelors Degree26611123296
    Higher Degree736912099
    Total Housing Units1,7295,71312,553
    --Owner-Occupied9722,9667,304
    --Renter-Occupied499852,113
    Owner-Occupied Values< 100K90418522595
    100-199K163701434
    200-299K234271789
    300-399K15176888
    400-499K1399343
    500K+042255
    Total Working Age Population2,0767,78220,451
    In Work Force5362,3228,816
    Not In Work Force1,5405,46011,635
    Workforce Employed5152,2258,331
    Workforce Unemployed2197485
    Civlian Workforce5362,3228,816
    Military Workforce000
    Total Households1,0223,9519,418
    Family Households5472,1065,835
    Non-Family Households4741,8453,583
    Married Couple4801,9025,147
    Other Family67204688
    Married w/Child36180859
    Single Male w/Child142971
    Single Female w/Child033146

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
    Indian River County112,947+22138,028+14157,200+14179,407

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 1985 90th Avenue in Vero Beach?
    The asking price for 1985 90th Avenue is $4,500,000
    What is the building size of this Retail property in Vero Beach, FL?
    The size of the building/unit at 1985 90th Avenue in Vero Beach is 73,034 square feet
    How much land does the Vero Beach, FL property at 1985 90th Avenue include?
    1985 90th Avenue in Vero Beach includes 3.450 acres of land
    What is the population within 1 mile of 1985 90th Avenue in Vero Beach?
    The population within 1 mile of 1985 90th Avenue Vero Beach, FL 32966 is 2,226 people.
    Who do I contact for questions about 1985 90th Avenue?
    You should contact the listing agent, Kari Grimaldi, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Palm Beach International Airport (PBI) 71
    Orlando International Airport (MCO) 73
    Orlando Sanford International Airport (SFB) 90