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Property profile & analytics
OFF-MARKET
Small apartment buildings

13355 Indian River Dr Sebastian, FL 32958

Property ID
US18-0353132
Property summary
AI-generated overview

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 profile
Verified
Property type Small apartment buildings
UPID US18-0353132
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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