Property profile

717 Coolidge St Sebastian, FL 32958

OFF-MARKET
Turn key restaurants
Property ID
US18-0519256
2,508 SF 1.09 ac lot Built 1979
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional business opportunity is situated at 717 Coolidge Street in Sebastian, Florida, offering a unique blend of prime location and high growth potential. The property boasts a substantial 2,508 square feet of space, ideally positioned just steps away from the picturesque Indian River, the vibrant Riverview Park, and a convenient public boat ramp. This strategic location provides unparalleled access to recreational activities and a thriving community, making it an attractive destination for a wide range of businesses. The property's proximity to the water offers stunning riverfront views, creating a desirable and potentially lucrative environment for various commercial ventures. The absence of acreage associated with the property allows for focused development and efficient operations. Priced at $650,000, this presents a compelling investment opportunity for entrepreneurs seeking a high-visibility location with significant potential for return. The existing structure offers a solid foundation for a variety of business models, allowing for customization and adaptation to suit specific needs. The property's location within Sebastian, Florida, offers access to a growing population and a strong local economy. This is a rare chance to acquire a well-situated commercial property in a desirable waterfront location. Serious inquiries are encouraged to explore the possibilities and unlock the full potential of this exceptional business opportunity.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1979
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,508 SF
Lot 1.09 ac (47,480 SF)
Zoning code CR
APN 31-39-06-00020-0020-00003.0
UPID US18-0519256

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Tour Operator Travel Agency
  • Tour Operator Travel Agency
  • Bar & Pub Restaurant

Location

717 Coolidge St Sebastian, FL 32958-4176
Sebastian metro Census 50808 SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2015
3 recorded transactions
2017
Price N/A
2015
Price N/A
2010
$386,000

Zoning & alternative use

CR · Sebastian, FL
Zoning description

The zoning district is intended to provide for a mixture of uses and a variety of opportunities for recreational and commercial uses while protecting the environment.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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