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1st Floor - Unit E
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Medical Office
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5,700 SF
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$2,679,000 USD
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Unit Size: 5,700 SF
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Condo Use: Medical Office
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Price: $2,679,000 USD
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Sale Type: Investment
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Price/SF: $470.00 USD
Description
Matthews™ is pleased to present 1255 37th St Suite E, a compelling healthcare real estate investment opportunity in Vero Beach’s premier medical corridor. The ±5,700 SF property is a licensed, AHCA-approved ambulatory surgery center (ASC) situated on ±2.06 acres with two operating rooms located within one of the most concentrated healthcare clusters in Indian River County. Immediate proximity to Cleveland Clinic Indian River Hospital and surrounding specialty practices supports strong referral dynamics and sustained demand for outpatient surgical services.
The asset is positioned just off 37th Street, a primary east–west medical thoroughfare anchored by specialty clinics, imaging centers, dermatology groups, and complementary healthcare operators. This location benefits from excellent accessibility, institutional medical tenancy, and long-term market stability driven by Vero Beach’s expanding healthcare infrastructure and growing preference for outpatient care delivery.
The property will be delivered vacant at closing, with the existing ASC license assignable to the new operator, providing investors with flexibility to pursue a value-add leasing strategy or partner with an owner-operator seeking turnkey surgical infrastructure. Purpose-built surgery center improvements represent significant replacement cost advantages and create a meaningful barrier to entry in the submarket.
Recent sales of comparable medical and surgical assets in Vero Beach and across Florida have achieved premium pricing, underscoring strong investor demand for well-located healthcare real estate with durable fundamentals. With its strategic positioning, licensure, and rare surgical infrastructure, 1255 37th St Suite E offers a differentiated opportunity for investors seeking exposure to high-demand outpatient medical assets.
Sale Notes
Broker of Record
Kyle Matthews
License # CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave., Ste. 1500, Nashville, TN 37203
(866) 889-0550
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Dom Deignan
Matthews Real Estate Investment Services
