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    13355 Indian River Dr Sebastian, FL 32958

    For Sale
    $400,000

    Prime Sebastian location, multifamily potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 12,632 square foot lot, located at 13355 N Indian River Drive in Sebastian, Florida (zip code 32958), presents a unique investment opportunity. Zoned RM-6 and V-Res-multi-family, this property offers significant potential for development. The lot boasts 70 feet of frontage and a depth of 183 feet, providing ample space for a multifamily residential project. The asking price is $400,000. Included in the sale is an adjacent landlocked lot to the west, expanding the overall usable area. This property's prime location in the Sebastian Waterfront area places it within easy reach of local restaurants, shops, and fishing opportunities. Enjoy the convenience of no HOA fees while building your dream project. The property is situated in the Karr Subdivision, offering a desirable residential setting. Imagine the possibilities of creating a thriving multifamily development in this sought-after waterfront community. The expansive lot size allows for ample space for outdoor amenities, such as a swimming pool. This is a rare opportunity to acquire a substantial parcel of land with significant development potential in a highly desirable location. Don't miss out on this chance to build and thrive in the beautiful Sebastian, Florida waterfront.

    Property Features for 13355 Indian River Dr

    General Information

    Property type
    Multifamily properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sebastian
    County
    Indian River
    State
    Florida
    Longitude
    -80.478691
    Latitude
    27.836507

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    FAQs

    What type of property is this?
    Multifamily property - Prime Sebastian location, multifamily potential.
    Where is this multifamily property located?
    The property is located at 13355 Indian River Dr Sebastian, FL.
    What is the asking price?
    The asking price for this property is $400,000.
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    13355 Indian River Dr Sebastian, FL 32958
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    Sebastian, FL 32958
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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
    13355 Indian River Dr Sebastian, FL 32958
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