$1,395,000

Historic 1918 structure comprehensively updated in 2022 with major building systems and finishes Prime downtown location within walking distance of restaurants, galleries, and entertainment venues Detached 900-square-foot studio building with full bath and utility upgrades for additional income potential Convenient access to I-95, Florida's Turnpike, and Atlantic Ocean beaches, enhancing regional connectivity Executive Summary This distinctive 1918 landmark property offers an exceptional mixed-use investment in the heart of Downtown Vero Beach's Cultural Arts Village. Fully renovated in 2022, it combines timeless architectural character with modern upgrades to support diverse revenue streams, including boutique hospitality, retail, and residential rentals. The main structure features eight well-appointed guest accommodations and a large communal kitchen, providing an immediate opportunity for short-term lodging operations. A two-bedroom apartment adds flexibility as an owner's residence, long-term rental, or premium suite. The property's mixed-use zoning supports multiple commercial ventures, from a boutique café or gallery to wellness or event spaces. A detached studio building with full bath and enhanced systems offers additional rental or creative use potential. Significant capital improvements include a new roof, upgraded insulation, impact-resistant windows, and refinished original hardwood flooring, ensuring longevity and cost efficiency. Dedicated on-site parking and proximity to abundant street and public parking enhance access. Situated just minutes from ocean beaches, I-95, and Florida's Turnpike, the location also benefits from recent zoning adjustments promoting redevelopment and appreciation while maintaining walkable urban charm. This asset presents a rare opportunity to acquire a fully modernized historic property in a vibrant and evolving district poised for continued growth.