Property summary
This exceptional 15.85-acre commercial land parcel presents a unique development opportunity in Sebastian, Florida. Strategically located on US Highway 1 in Indian River County, this commercially zoned property boasts significant frontage on a major thoroughfare, ensuring high visibility and accessibility. The site's location within an established commercial area offers immediate proximity to key amenities and services, including the Sebastian River Medical Center and Sebastian Municipal Airport, enhancing its appeal to potential tenants and residents. The property's development plan is envisioned in two phases. The first phase involves subdividing the land closest to US Highway 1 into smaller, readily available commercial lots. The second phase focuses on multifamily development on the eastern portion of the site, capitalizing on the area's growing demand for residential options. This versatile property offers developers the chance to create a mixed-use development that caters to both commercial and residential needs. The land's size and location, combined with its proximity to a Publix supermarket across the highway, make it an attractive investment with significant potential for future growth and profitability. The 690,426 square foot parcel offers ample space for a variety of development projects, making it an ideal opportunity for investors seeking a high-impact commercial venture in a thriving Florida community. The zip code is 32958.
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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