7850 Roseland Rd Sebastian, FL 32958
For Lease
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This exceptional restaurant opportunity is located within the thriving Roseland Plaza, a 63,195 square foot shopping center in Sebastian, Florida. The property boasts a prime location at a major intersection of US-1 and Roseland Road, offering unparalleled visibility and accessibility. With two access points from US-1 and two from Roseland Road, this 2-acre out parcel enjoys high traffic counts driven by the plaza's full occupancy and its proximity to key businesses. The plaza is anchored by a Bealls Outlet and is strategically situated between Sebastian River Medical Center, Publix, and Home Depot, ensuring a consistent flow of potential customers. The property includes ample parking with 328 spaces available for patrons. This is a rare chance to establish or expand a restaurant business in a high-demand area with excellent visibility and strong surrounding demographics. Currently, one restaurant space is available within the larger plaza. The property is situated in Indian River County, Florida, with the address being 7850 Roseland Rd, Sebastian, FL 32958. This is a multi-tenant property offering a unique opportunity for a restaurant to thrive in a bustling commercial environment.
Commerce Center -- Current Land Use to remain is CG (General Commercial) -- Zoning to remain as PUD-C (Planned Unit Development -- Commercial) B. Public Hearing -- Recommendation to City Council -- Chesser’s Gap PUD - Future Land Use Map (FLUM) Amendment, Small Scale -- Sebastian Townhouses, LLC, Applicant -- 29.43 Acres, More or Less -- Located at Sebastian…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
CG · Sebastian, FLCommerce Center -- Current Land Use to remain is CG (General Commercial) -- Zoning to remain as PUD-C (Planned Unit Development -- Commercial) B. Public Hearing -- Recommendation to City Council -- Chesser’s Gap PUD - Future Land Use Map (FLUM) Amendment, Small Scale -- Sebastian Townhouses, LLC, Applicant -- 29.43 Acres, More or Less -- Located at Sebastian Boulevard and Fleming Street, Southwest of the Sebastian 512 Commerce Center -- Current Land Use is CG (General Commercial) -- Requested Land Use is MDR (Medium Density Residential, 10 units/acre) C. Public Hearing -- Recommendation to City Council -- Chesser’s Gap PUD -- Rezoning /Conceptual Planned Unit Development (PUD) Plan -- Sebastian Townhouses, LLC, Applicant -- 29.43 Acres, More or Less -- Located at Sebastian Boulevard and Fleming Street, Southwest of the Sebastian 512 Commerce Center -- Current Zoning is PUD-C (Planned Unit Development -- Commercial) -- Requested Zoning is PUD-R (Planned Unit Development -- Residential), with RM-10 (Multiple Family Residential District) as the underlying district Ms. Kautenburg called on the applicants to make their presentation. Mr. Doug Vitunac, attorney for the applicant, stated that Todd Howder, the Project Engineer, and Alex Mesmering, and the developer representative, Nelson Fernandez, are also present. He urged everyone to keep an open mind, and he believes some of the PLANNING AND ZONING COMMISSION/LOCAL PLANNING AGENCY PAGE 3 MINUTES OF REGULAR MEETING FEBRUARY 5, 2026 public will see that this project is better than some of the alternatives that could go in there. He reviewed the history of the project, the history of the property, what their project would entail, and some of the benefits that it would provide. He mounted a drawing on the screen which showed the property as it now exists and another drawing which showed the property with the proposed development . He opined those businesses have a problem finding employees who can live in our community because housing costs are expensive, rents are high, and this is a problem for Sebastian because of, in part, a lack of multi - family housing, which this will work to solve . In this proposed development, people will own the lots, and the units will be attainable housing . He stated that the price point on these houses wi ll start at $285,000.00 . He said that attached to the agenda packet is something called a Data Inventory and Analysis, which he explained. Mr.
No recorded transactions found for this property.
Costs & Benchmarks
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.
