9360 90th Ave, Sebastian, FL 32958-7015
- Retail space
- 12,600 SF
- 1.94 lot acres
Current Use by Public Records
- Papa John's Pizza / Restaurant
- Anytime Fitness / Gym & Fitness Center
- Mawk Wine & Spirits / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
- Stoney Point Village / Shopping Center & Mall
Property Details for 9360 90th Ave
- Year built
- 2007
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.94 lot acres
- Zone code
- CL
- Property type
- Retail space
- APN
- 31-38-23-00000-5000-00005.1
- APU
- 9223372036854775807
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 24, 2021 | — | Kc Patel LLC | — | Deed · related | $6.9M · First Business Bank |
| Sep 24, 2018 | $2,750,000 | Kc Sebastian LLC | Blue Ribbon Sebastian LLC | Warranty Deed | $2.1M · First Business Bank |
| Sep 17, 2014 | $100,000 | Stoney Pointe Partners LLC | Blue Ribbon Sebastian LLC | Warranty Deed | — |
| Mar 15, 2006 | $937,300 | Coast Cu Space | Blue Ribbon Sebastian LLC | Grant Deed · related | — |
Description
This exceptional 1.41-acre commercial land parcel presents a remarkable investment opportunity in Sebastian, Florida. Located at 9360 90th Ave, this property is zoned CL and boasts a strategic position within a thriving retail growth area. Its high visibility is enhanced by its frontage on 90th Avenue, a principal artery serving as a local bypass road, and the proximity to the GoLine IRT bus route. The site benefits from its close proximity to three schools: Sebastian River High School (1,838 students), Sebastian River Middle School, and Treasure Coast Elementary, all within one mile. Furthermore, this outparcel is situated immediately south of the Publix-anchored Shoppes of Sebastian plaza, at the intersection of SR 510 and SR 512 – a major thoroughfare connecting US 1 to I-95. The property's backdrop is the Stoney Point Villages Retail Strip Center, with Space Coast Credit Union located on the adjacent outparcel. The asking price is $800,000, translating to approximately $567,376 per acre. The APN is 31382300000500000005.7. This property offers significant potential for various commercial ventures.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,020,000
- 6.5%
- $1,860,000
- 7%
- $1,730,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,806,000
Market price range: $451k - $2.36M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $2,670,000 Current use
- OFFICE BUILDING
- $2,850,000 Change: +7% Conversion: Easy
- AUTO REPAIR, GARAGE
- $2,735,000 Change: +2% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Sebastian
- County
- Indian River
- State
- Florida
- Longitude
- -80.5101
- Latitude
- 27.7644
- CBSA code
- 42680
- CBSA name
- SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
