Riverfront Hotel with Development
For Sale
$3,495,000
Pending
412 Indian River Dr, Sebastian, FL 32958
1.5-acre riverfront property with hotel, development, and subdivision possibilities.
Property SizeContact for details
Lot Size1.50 Acres
Days on Market165
Property Features for 412 Indian River Dr
General Information
Standard status
Pending
Lot size
1.50 Acres
Property subtype
Commercial
Building Details
Year Built
1969
Listing Agency:
Berkshire Hathaway HomeServices Florida Realty
(772) 231-1270
Listed By:
Becky Rossway · License #0493976
(772) 231-1270
Source:
Elliman
Added: Mar 11
Changed: Jul 10
Last Checked: Jul 23 at 9:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Florida Realty
Investment Insights
Based on property information with market context.
This 1.5-acre riverfront property currently operates as a 17-unit hotel, featuring a dock, pool, pavilion, and laundry facilities. Zoned RM-8, the site allows for up to 10 luxury condominiums. The commercial riverfront zoning also permits various other uses. Alternatively, the property could accommodate an estate-sized single home or be subdivided into three lots. A lift station is in place, and county water is available. Located on South Indian River Drive, the property is situated near parks and restaurants, just inside Sebastian city limits, and is subject to riverfront performance overlay architectural rules.
Key Highlights
- 1.5 Acre Riverfront Location with Dock
- RM‑8 Zoning Allows Up To 10 Luxury Condos
- Commercial Riverfront Zoning Allows Many Uses
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
Explore this area
Business Placement
Demographics for 32958, FL
28,619
Population
15,512
Households
1.8
Avg Household Size
58
Median Age
29%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
1,026
Density / Sq Mi
$68,276
Median Household Income
$37,412
Median Earnings
$1,388
Median Rent
$279,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - 1.5-acre riverfront property with hotel, development, and subdivision possibilities.
Where is this hotel located?
The property is located at 412 Indian River Dr Sebastian, FL.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: 1.5 Acre Riverfront Location with Dock; RM‑8 Zoning Allows Up To 10 Luxury Condos; Commercial Riverfront Zoning Allows Many Uses
