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    9350 53 Ave Sebastian, FL 32958

    For Sale
    Contact for pricing

    11.74 Acres, Multifamily & Commercial Zoned

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 11.74-acre property in Sebastian, Florida, presents a unique commercial development opportunity. The site boasts two distinct parcels: an 11.74-acre tract zoned for multifamily development, offering convenient access to 53rd Avenue with potential US-1 access, and a separate 0.98-acre parcel zoned commercial, directly accessible from US-1. The multifamily land provides significant potential for residential construction, capitalizing on the area's growing population and demand for housing. The commercial parcel, situated on US-1, offers high visibility and accessibility for retail or other commercial ventures. The property's strategic location in Sebastian, Indian River County, places it in close proximity to shopping centers, including a Publix supermarket, and various restaurants, ensuring convenient access to amenities for future residents and businesses. The high average daily traffic count of 23,500 vehicles on US-1 near the property underscores its prime commercial location and potential for significant return on investment. The asking price for this combined development opportunity is $1,500,000. This is a rare chance to acquire a substantial land holding with diverse development potential in a thriving Florida community. The property is located at 9350 US Hwy 1 & 9455 53rd Ave, Sebastian, FL 32958.

    Property Features for 9350 53 Ave

    General Information

    Property type
    Multifamily properties
    Lot Size
    511,394 SF

    HighLights

    • $1.5M purchase price.
    • 11.74 acres of multi‑family zoned land with 53rd Ave access and potential US‑1 access.
    • 0.98 acres of commercially zoned land with US‑1 access.
    • Excellent location near Indian River Shopping Center, Publix, and restaurants.
    • High traffic count: 23,500 AADT on US‑1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -80.4435429
    Latitude
    27.7663931

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    FAQs

    What type of property is this?
    Multifamily property - 11.74 Acres, Multifamily & Commercial Zoned
    Where is this multifamily property located?
    The property is located at 9350 53 Ave Sebastian, FL.
    What are key features of this property?
    This property features: $1.5M purchase price.; 11.74 acres of multi-family zoned land with 53rd Ave access and potential US-1 access.; 0.98 acres of commercially zoned land with US-1 access.
    Request Owner's contact information
    9350 53 Ave 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
    9350 53 Ave Sebastian, FL 32958
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