23 Royal Palm Pointe Local commercial 652 m² 100 % Loué À vendre Vero Beach, FL 32960 2 417 535 € (3 706,86 €/m²)

Exceptional Canal-Front Mixed-Use Investment on Royal Palm Pointe
Discover a rare opportunity to own a fully-leased, income-producing canal-front property in the heart of Vero Beach’s bustling Royal Palm Pointe corridor. This well-maintained two-story mixed-use building offers approximately 7,020± square feet of combined retail and residential space, plus six deep-water slips — providing multiple revenue streams, long-term tenant stability, and future redevelopment or short-term rental potential.
Property Overview
The first floor encompasses approximately 3,600± square feet of retail and professional space divided into three distinct storefronts. Each unit features 10’ ceilings, restrooms, back entrances for easy loading and deliveries, and separate utilities. The interiors are clean, updated, and well-maintained by reliable, long-term tenants. These units are fully leased, providing consistent cash flow and minimal management demands — an ideal foundation for any investor seeking steady income with limited turnover.
The second floor mirrors the same attention to quality and maintenance, offering three spacious 2-bedroom, 2-bathroom apartments with private entries and expansive canal views. Each apartment includes a full kitchen, in-unit laundry, abundant natural light, and dedicated parking. These residences attract strong demand from both long-term renters and seasonal tenants due to their waterfront location and proximity to Vero’s downtown and beachside amenities. There is significant upside potential through repositioning the residential units as furnished executive or short-term rentals, further enhancing returns.
Waterfront & Marina Features
Adding to the property’s appeal are six deep-water slips located directly behind the building, accessible via a private dock. Each slip accommodates large vessels with water and power hookups. An on-site laundry facility serves boaters and tenants, creating an additional income stream and convenience amenity. The canal connects to the Indian River Lagoon, making this property especially desirable to boating enthusiasts, seasonal visitors, and residents seeking direct access to the water.
Parking, Access & Visibility
The site provides more than 18 parking spaces, offering ample availability for tenants, residents, and visitors. Royal Palm Pointe is known for its easy accessibility, strong traffic counts, and high visibility from one of Vero Beach’s most recognized commercial corridors. The area benefits from both local and tourist traffic, as it serves as a main connector between U.S. Highway 1 and the barrier island’s beachside retail and residential communities.
Investment Highlights
±7,020 SF two-story mixed-use waterfront property
±3,600 SF of fully leased retail space (3 units) with stable tenants
Three spacious 2BD/2BA apartments on the upper level with canal views
Six deep-water slips with power and water hookups
On-site laundry serving boaters and residents
18+ dedicated parking spaces
Private entrances for each unit
Low operating expenses and minimal management required
Excellent long-term hold or potential condo conversion opportunity
Zoned for a range of commercial and residential uses
Income & Upside Potential
The property offers immediate stability through long-term commercial leases that provide consistent base income, while the residential units deliver flexibility and growth opportunities. With the Royal Palm Pointe corridor continuing to experience redevelopment and revitalization, rents in this area have shown steady upward movement year over year. Investors can realize additional upside through cosmetic upgrades, short-term rental conversions, dock lease adjustments, or simply through continued appreciation of this sought-after waterfront location.
This asset’s income diversity — retail, residential, and marina — provides resilience against market fluctuations. Commercial tenants benefit from heavy foot and vehicle traffic, while residential tenants and boaters enjoy a lifestyle-driven waterfront experience that’s increasingly scarce in Vero Beach.
Location & Surrounding Area
Royal Palm Pointe is one of Vero Beach’s most desirable and scenic mixed-use corridors, lined with waterfront businesses, restaurants, professional offices, and residential developments. The property sits just minutes from downtown Vero and the barrier island, offering quick access to the beach, marina, and major thoroughfares. It’s also within close proximity to Vero’s art district, boutique retail, luxury condominiums, and high-income neighborhoods. The city’s ongoing investment in streetscape improvements and tourism marketing further enhances long-term property values in this corridor.
Operational Overview
The property is professionally maintained with updated mechanical systems and individual metering. Separate entrances and utilities for each unit streamline management and allow tenants to be responsible for their own consumption. Retail tenants maintain their spaces to high standards, minimizing owner maintenance. The site layout, construction, and parking ratio make this asset easily manageable for both local and out-of-area investors seeking passive income.
Ideal Buyer Profile
This property is perfect for investors seeking:
A stable, income-producing mixed-use asset in a growth market
A 1031 exchange replacement property with multiple income streams
A waterfront investment with tangible upside through re-tenanting or repositioning
A long-term hold opportunity in one of Florida’s most desirable coastal communities
This Royal Palm Pointe canal-front mixed-use property represents an increasingly rare opportunity to acquire a high-performing asset combining retail stability, residential upside, and waterfront value in a prime Vero Beach location. With six deep-water slips, 7,020± total square feet of rentable space, on-site amenities, and strong tenancy, this investment provides both immediate returns and significant long-term appreciation potential.
Properties of this quality, scale, and location seldom come available on the open market. Don’t miss the chance to add a versatile, income-generating, and lifestyle-driven asset to your portfolio — a true standout along Vero Beach’s waterfront commercial landscape.