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    Us-1 Micco, FL 32976

    For Sale
    $5,999,999

    15.85 Acres, US-1, Sebastian, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 15.85-acre commercial land parcel presents a unique investment opportunity in the rapidly developing area of Brevard County, Florida. Situated directly on US Highway 1, just north of Sebastian Inlet, this property boasts approximately 1,000 feet of highly visible frontage along the Indian River Lagoon, offering breathtaking waterfront views. The zoning permits both Industrial (IN) and Business (BU) uses, opening doors to a wide range of development possibilities. This expansive tract is comprised of three parcels (APN: 30-38-11-00-500, 30-38-11-00-502, 30-38-11-00-504), totaling approximately 15.85 acres. Individual parcel sizes are approximately 5.46 acres, 4.72 acres, and 5.67 acres, each priced at $2,250,000. The combined asking price for the entire property is $5,999,999. Given its size and location, this property is ideally suited for large-scale commercial or multi-family development, potentially accommodating approximately 475 multi-family units under the SB102 Live Local Act. Furthermore, the high visibility of the location presents a significant opportunity for billboard income generation. This is the largest remaining waterfront tract in the region, making it a truly exceptional and rare investment opportunity. The property is located in Micco, Florida, zip code 32976, within Indian River County.

    Property Features for 0 Us-1

    General Information

    Property type
    Land
    Lot Size
    690,426 SF

    HighLights

    • Prime Micco, FL location on US Highway 1.
    • $5,999,999 asking price.
    • ±15.85‑acre site divisible into three parcels.
    • Parcel 500 (5.46± acres), Parcel 502 (4.72± acres), and Parcel 504 (5.67± acres) each priced at $2,250,000.
    • Potential for ~475 multi‑family units under Florida's SB 102 Live Local Act.
    • Existing billboard generates supplemental income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Micco
    County
    Indian River
    State
    Florida
    Longitude
    -80.504782080828
    Latitude
    27.886908881445

    Nearby Comparable

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      Prime Micco Land - $64,900

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      Micco Riverfront Development Land

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    Nearby Similar for Sale

    • $55,000

      Prime Micco Cafe & Restaurant

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    FAQs

    What type of property is this?
    Land - 15.85 Acres, US-1, Sebastian, FL
    Where is this land located?
    The property is located at Us-1 Micco, FL.
    What is the asking price?
    The asking price for this property is $5,999,999.
    What are key features of this property?
    This property features: Prime Micco, FL location on US Highway 1.; $5,999,999 asking price.; ±15.85-acre site divisible into three parcels.
    (772) 286-6292
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    Us-1 Micco, FL 32976
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Us-1 Micco, FL 32976
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