Skip To Content

1424 Us Highway 1

Sebastian, FL 32958
  • $1,995,000
  • STATUS: Active Under Contract
  • ON SITE: 40 Days
  • MLS #: 263650
Under Contract
UPDATED: 60 min ago
$1,995,000
  • 0
    BEDS
  • 1.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1997
County:

School Ratings & Info

Description

Riverfront Commercial Center in Sebastian offering 9,640 SF on 1.37 acres. 11% CAP Rate potential! Currently split into 3 spaces previously used for medical - zoned commercial. 223 ft of frontage on US-1 w 22,000 vehicles passing daily. Indian River Dr frontage w additional access, 60 parking spaces, ADA compliant, solid CBS construction w metal roof, storm protection & more!

Monthly Payment Calculator



© 2022 REALTORS® Association of Indian River County, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Billero & Billero Properties. Data last updated: 2022-12-05T14:37:29.79.
www.billeroproperties.com/homes/134247989
Print Image

1424 Us Highway 1 Sebastian, FL 32958

  • Price: $1,995,000
  • Status: Active Under Contract
  • On Site: 40 Days
  • Updated: 60 min ago
  • MLS #: 263650
0
Beds
0
Baths
0
½ Baths
1.37
Acres
1997
Built
Neighborhood:
Hardees
County:
Indian River
Area:
Sebastian City
Property Description
Riverfront Commercial Center in Sebastian offering 9,640 SF on 1.37 acres. 11% CAP Rate potential! Currently split into 3 spaces previously used for medical - zoned commercial. 223 ft of frontage on US-1 w 22,000 vehicles passing daily. Indian River Dr frontage w additional access, 60 parking spaces, ADA compliant, solid CBS construction w metal roof, storm protection & more!
Exterior Features

Construction Materials BlockConcrete Exterior Features Storm/Security Shutters Frontage Type Waterfront Levels One Lot Features 1-3 Acres Parking Total 60 Road Frontage Type City Street Road Surface Type Paved Roof Metal Waterfront YN Yes

Interior Features

Building Area Total 9640 Building Features Handicap Access Cooling Central Air Flooring CarpetTileVinyl Heating Central Heating YN Yes

Property Features

Current Use Medical/Dental Gross Income 288049 Insurance Expense 5000 Listing Terms CashNew Loan Lot Size Dimensions 223X198 Maintenance Expense 14500 Net Operating Income 222596 New Construction YN No Operating Expense 65453 Property Sub Type Industrial Property Sub Type Additional IndustrialCommercial Restrictions Sewer Public Sewer Utilities Expense 0 Water Source Public Zoning Zoning Description Commercial

Listing courtesy of Rennick Real Estate: 772-562-5015.


© 2022 REALTORS® Association of Indian River County, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Billero & Billero Properties. Data last updated: 2022-12-05T14:37:29.79.
 
https://bt-photos.global.ssl.fastly.net/indianriver/orig_boomver_2_263650-2.jpg https://bt-photos.global.ssl.fastly.net/indianriver/orig_boomver_2_263650-2.jpg https://bt-photos.global.ssl.fastly.net/indianriver/orig_boomver_2_263650-2.jpg
Logo
Billero & Billero Properties
300 Sebastian Blvd.
Sebastian FL, 32958