13355 Indian River Dr Sebastian, FL 32958
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.