Us-1 Sebastian, FL 32958
- Land
- 3.56 lot acres
Current Use by Public Records
- Land
Property Details for 0 Us-1
- Lot size
- 3.56 lot acres
- Property type
- Land
Description
This exceptional commercial land parcel in Sebastian, Florida (32958), presents a significant development opportunity. Located on US-1, the 3.56-acre site is zoned CL/CG/RM-6, allowing for diverse development options. The RM-6 zoning alone permits up to 70 multi-family units. An additional 1.07 acres zoned CG allows for an additional 8 units. Combining this property with an adjacent 21.89-acre parcel (available separately) expands the total acreage to 34.67 acres, significantly increasing the potential to approximately 217 multi-family units. This prime location benefits from nearby commercial development, including a planned 34,000+ sq ft Publix supermarket on CR 510. Furthermore, the recent announcement of a large-scale multi-family development by Divosta (Pulte Homes) nearby underscores the strong market demand and potential for significant returns. This property offers investors a unique chance to capitalize on the thriving Sebastian real estate market. The asking price is $2,980,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sebastian
- County
- Indian River
- State
- Florida
- Longitude
- -80.4411
- Latitude
- 27.7622
