Home » Properties » 7055 20th St, Vero Beach FL 32966

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9.78 Acres Commercial Land for Sale in Vero Beach FL

Opportunity to develop 9.78 acres of commercial land on State Road 60 in Vero Beach, FL with conceptual plans for residential units.

$2,900,000

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MLS #A11730015

Listing Updated: 2026-07-14 18:44:08

Listed By: Total R E Consultants Inc

Overview

This 9.78-acre parcel of commercial land in Vero Beach, Florida, offers a significant development opportunity along State Road 60 in Indian River County. Zoned R-6, the property includes a conceptual site plan for 49 to 56 residential units, ideal for townhouse development or a new community project. The location is convenient, just minutes from major retail centers and local beaches, making it attractive for residential development. Qualified buyers will benefit from available site work, facilitating a smoother development process. The seller is motivated and looking to close within 90 to 120 days, providing a timely opportunity for developers and investors.

Property Highlights

9.78 acres of commercial land with frontage on State Road 60, zoned R-6, conceptual plans for 49-56 residential units, close to retail and beaches, site work available.

Property Details

City: Vero Beach

State: FL

Zip Code: 32966

Address: 7055 20th St, Vero Beach FL 32966

Year Built:

Property Type: Commercial Land

Property Sub Type:

Listing Office Name: Total R E Consultants Inc

County: Indian River County

Garage Spaces:

Parking Features:

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $1,305

Days On Market: 516 Days

Original Listing Description

MOTIVATED SELLER! LOOKING TO CLOSE 90-120 DAYS. LAND FOR SALE in Vero Beach! Residential development opportunity on 9.78 acres (426,016.80 +/- SQFT) of land for sale with frontage to State Road 60 in Indian River County. Zoning is R-6. Conceptual site plan included 49-56 +/- residential units. Great location! Minutes to major retail locales & beaches! Provides opportunity to build townhouses based on existing plans or develop a new community. Site work available to qualified buyers.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

7055 20th St, Vero Beach FL 32966

About This Neighborhood

Located in Vero Beach, this property benefits from a neighborhood known for its balance of residential comfort and commercial convenience. The area offers easy access to shopping centers, dining options, and recreational beaches, providing a desirable living environment. Indian River County’s community amenities and infrastructure support residential growth, making this location suitable for new housing developments. The neighborhood’s accessibility via State Road 60 connects residents to broader regional destinations, enhancing daily convenience and lifestyle options.

Walkability & Lifestyle

The property’s location near State Road 60 places it within reasonable distance of retail centers, dining venues, and local beaches, contributing to a walkable lifestyle for future residents. Nearby commercial areas offer everyday conveniences, while recreational spots provide outdoor opportunities. Although primarily a land parcel, the surrounding neighborhood supports pedestrian access to essential services and leisure activities, enhancing its residential development potential.

Things To Do Nearby

Vero Beach is known for its coastal lifestyle, offering residents and visitors a variety of activities including beach outings, boating, fishing, and golf. The proximity of this land parcel to beaches and retail centers means future residents can enjoy dining, shopping, and entertainment options nearby. Cultural attractions and outdoor recreation areas add to the vibrant local lifestyle, making the area appealing for those seeking a balanced mix of leisure and convenience.

Nearby Schools

Vero Beach offers access to a range of educational institutions within Indian River County, providing convenient options for families. The area's schools are supported by community resources and transportation networks, making it practical for residents to access quality education. Proximity to schools enhances the attractiveness of residential developments in this location, appealing to buyers prioritizing educational access for their households.

Why Buyers Like This Area

Buyers are drawn to this Vero Beach property for its strategic location on State Road 60 and its development flexibility under R-6 zoning. The opportunity to build townhouses or a new residential community near retail hubs and beaches aligns with lifestyle preferences for convenience and coastal access. The availability of site work and a motivated seller facilitate a smoother acquisition and development process. Overall, the property offers a blend of location advantages and development potential that appeals to a range of buyers.

Investment Potential

This commercial land parcel in Vero Beach presents a versatile development opportunity with zoning for residential use. Its location on State Road 60 ensures good visibility and accessibility, appealing to developers interested in creating townhouses or a residential community. The proximity to retail hubs and beaches enhances its appeal for future residents. While the seller offers conceptual plans, buyers have flexibility to propose new developments. Site work availability further supports a streamlined project initiation. The property’s size and location make it a noteworthy option for those seeking land with development potential in Indian River County.

Market Trends

The Vero Beach real estate market continues to attract interest due to its coastal location and expanding residential communities. Demand for land suitable for residential development remains steady, driven by buyers seeking proximity to beaches and retail amenities. Inventory for large parcels like this is limited, which can enhance the appeal of well-positioned land. Developers are attentive to zoning classifications such as R-6 that allow multi-unit residential projects, reflecting ongoing interest in expanding housing options within Indian River County.

Rental Income Potential

While this property is currently land for sale, its zoning and location suggest potential appeal for future rental developments. The nearby beaches and retail areas attract year-round visitors and residents, supporting demand for rental housing. Developers considering townhouse or multi-unit projects here may find interest from tenants seeking convenient access to local amenities. Seasonal demand in Vero Beach can also contribute to rental appeal, though prospective buyers should evaluate market conditions and tenant preferences carefully.