Property photo 1
17 photos
ActiveMLS# B2605549671 days on market

$1,995,000

1026 Indian River Drive

Sebastian, FL 32958

0 BD|0 BA|0 SQFT

About This Property

Rare redevelopment opportunity in Sebastian's riverfront district. Offered together, 1104 US Highway 1 and 1026 Indian River Drive combine approximately 1.57 acres with dual frontage. Features include RM-8 zoning, public water and sewer, an irrigation well, Intracoastal proximity and major-corridor exposure. Existing improvements include 1-bedroom/1-bath and 2-bedroom/2-bath units, offering rental income or possible sales-center/office use during planning, permitting and development, subject to approvals. Value is primarily in the land and redevelopment potential. Buyer to verify zoning, uses, measurements, utilities and feasibility. Adjacent property is not included and may be available separately; listing agent can provide details. This offering combines two strategically positioned parcels extending between US Highway 1 and Indian River Drive. The $1,995,000 price includes both 1104 US Highway 1 and 1026 Indian River Drive. The site totals approximately 1.57 acres and offers dual frontage, RM-8 zoning, public water and sewer, an existing irrigation well, river views, and Intracoastal proximity.. Existing structures convey with the property; the offering is marketed primarily for its land and redevelopment potential. 1016 Indian River Drive is not included and may be available separately. Buyer must perform independent due diligence regarding zoning, land use, acreage, utilities, access, flood designation, permitted uses and development feasibility. CONCEPTUAL IMAGE DISCLOSURE: Any conceptual renderings are for illustrative purposes only and do not depict existing improvements or governmental approvals.

Property Details

Property TypeLand
Lot Size68,389 sqft
Days on Market71
MLS NumberB26055496

Pat Bethel

REALTOR®

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Est. Monthly Payment

$12,000

P&I: $10,088 | Tax: $1,413 | Insurance: $499

$1,995,000
%
%
Loan Amount$1,596,000
Down Payment$399,000

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

1026 Indian River Drive, Sebastian, FL 32958

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