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1424 Us Highway 1, Sebastian, FL 32958

$1,995,000
Property Type: Comm/Industry Baths: 8 Square Footage: 9,640 Status: Active Under Contract
Current Price: $1,995,000 Last Modified: 11/26/2022

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!

More Information MLS# RX-10841529

Contract Information

Status: Active Under Contract Original List Price: 1995000 Auction: No List Price: $1,995,000 Current Price: $1,995,000 List Price/Bldg SqFt: 206.95 Listing Date: 2022-10-24 Comm/Non-Rep: 2.5% Comm/Buyer Agent: 2.5% Comm/Trans Brk: 2.5%

General Property Description

Type: Office For Sale: Yes For Lease: No Property Desc: Commercial Subdivision: HARDEES SUBDIVISION NO. B Year Built: 1997 Built Desc: Resale SqFt - Living: 9640 SqFt Source: Other # of Stories: 1 Total Units: 3 Baths - Total: 8 Acres: 1.37 % Air Conditioned: 100 Waterfront: Yes

Location, Tax & Legal

Area: 6352 - Sebastian County (IR) Geo Area: IR52 County: Indian River Parcel ID: 31390600003000000004.0 Street #: 1424 Street Name: Us Highway 1 State/Province: FL Zip Code: 32958 Zoning: CWR Legal Desc: HARDEES SUBDIVISION NO. B PBS 4-74 BEING MORE PART DESC AS FOLL THAT TR OR PARC OF LAND BOUNDED ON THE S BY A LINE 200 F Tax Year: 2022 Real Estate Taxes: 25373 Geo Lat: 27.819758 Geo Lon: -80.470198

Remarks & Misc

Directions: Fronting on US-1 and Indian River Drive, between Wells Fargo Bank & Earl's Hideaway.

Office/Member Info

DXORIGMLNO: RX-10841529 DXORIGMLSID: RML

Status Change Info

Under Contract Type: Active Under Contract Under Contract Date: 2022-11-22

Property Features

Use: Professional Office Type of Building: Medical; Office/Professional Construction: Concrete Sale Includes: Building and Land Avail Docs: Aerial Avail Info: None Flooring: Carpet; Ceramic Tile; Vinyl Floor Cooling: Central Heating: Central Fire Protect: Smoke Alarm Tenant Pays: None Utilities: Electric; Public Sewer; Public Water; Separate Meter Waterfront Details: Intracoastal Roof: Metal Terms Considered: Cash; Conventional Lease: 1-3 Years Possession: At Closing Contingencies: Inspection
Listing Office: Rennick Real Estate
Last Updated: November - 26 - 2022
1424 Us Highway 1, Sebastian, FL 32958- MLS# RX-10841529
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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