Property summary
This exceptional 7.9-acre retail property, located at 995 N Sebastian Blvd in Sebastian, Florida, presents a compelling investment opportunity. The center boasts a substantial 54,387 square feet of leasable space, currently enjoying 100% occupancy. Key tenants include a Winn-Dixie grocery store and pharmacy, a separate Winn-Dixie liquor store, and a Little Caesar's Pizzeria. All current leases have been renewed, providing immediate and consistent cash flow. Furthermore, the property includes an approved outparcel with preliminary city approval for the construction of a building up to 10,000 square feet, offering significant potential for expansion and increased revenue streams. The center is strategically situated within a densely populated residential area in Sebastian, making it an integral part of the community. The recent acquisition of Winn-Dixie by Aldi and their planned renovations further enhance the long-term value and appeal of this property. This is a rare opportunity to acquire a well-established, high-performing retail center with significant growth potential in a thriving Florida market. The property's substantial size, strong tenant mix, and prime location combine to create a truly exceptional investment prospect. Detailed financial information is available upon request.
Property profile
VerifiedCap rate & NOI
Current use
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(Bike/Boat/Book/etc) Store Wine and Liquor Store
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Atm
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Pharmacy
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Pharmacy
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Atm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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 prese…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PUD-R · Sebastian, FLCommercial) -- 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 prese…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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 prese…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PUD-R in Sebastian, FL.
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