000 Foster Rd Sebastian, FL 32958
- Land
Current Use by Public Records
- Land
Property Details for 000 Foster Rd
- Property type
- Land
- Property subtype
- Apartment buildings
Description
This exceptional 15.48-acre parcel, located at 000 Foster Road in Sebastian, Florida, presents a compelling investment opportunity. The property boasts a substantial lot size of 674,308.8 square feet, offering significant development potential. Currently zoned for multifamily use, this land is ideally suited for the construction of an apartment building or similar residential development. To expedite the development process, plans have already been submitted to the city of Sebastian for review, streamlining the permitting and construction phases. Situated in the heart of Sebastian, this prime location offers easy access to local amenities, transportation routes, and a thriving community. The asking price for this expansive tract of land is $3,000,000. This represents a rare chance to acquire a large, strategically located parcel in a desirable Florida market, poised for significant returns on investment. The property's address is 000 Foster Road, Sebastian, FL 32958, within Indian River County. The property's geographic coordinates are latitude 27.8123238 and longitude -80.4716846. This is a turnkey opportunity for developers seeking to capitalize on the growing demand for residential housing in the area. The substantial lot size allows for a large-scale project, maximizing potential rental income and overall return.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sebastian
- County
- Indian River
- State
- Florida
- Longitude
- -80.4717
- Latitude
- 27.8123
