For Sale
$5,999,999

Us-1 Micco, FL 32976

15.85 Acres, US-1, Sebastian, FL

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional 15.85-acre commercial land parcel presents a unique investment opportunity in the rapidly developing area of Brevard County, Florida. Situated directly on US Highway 1, just north of Sebastian Inlet, this property boasts approximately 1,000 feet of highly visible frontage along the Indian River Lagoon, offering breathtaking waterfront views. The zoning permits both Industrial (IN) and Business (BU) uses, opening doors to a wide range of development possibilities. This expansive tract is comprised of three parcels (APN: 30-38-11-00-500, 30-38-11-00-502, 30-38-11-00-504), totaling approximately 15.85 acres. Individual parcel sizes are approximately 5.46 acres, 4.72 acres, and 5.67 acres, each priced at $2,250,000. The combined asking price for the entire property is $5,999,999. Given its size and location, this property is ideally suited for large-scale commercial or multi-family development, potentially accommodating approximately 475 multi-family units under the SB102 Live Local Act. Furthermore, the high visibility of the location presents a significant opportunity for billboard income generation. This is the largest remaining waterfront tract in the region, making it a truly exceptional and rare investment opportunity. The property is located in Micco, Florida, zip code 32976, within Indian River County.

Highlights

  • Prime Micco, FL location on US Highway 1.
  • $5,999,999 asking price.
  • ±15.85-acre site divisible into three parcels.
  • Parcel 500 (5.46± acres), Parcel 502 (4.72± acres), and Parcel 504 (5.67± acres) each priced at $2,250,000.
  • Potential for ~475 multi-family units under Florida's SB 102 Live Local Act.
  • Existing billboard generates supplemental income.

Property Details for 0 Us-1

Property type
Land
Lot Size (sq. ft)
690,426 SF

Location Insight

City
Micco
County
Indian River
State
Florida
Latitude
27.886908881445
Longitude
-80.504782080828

FAQs

What type of property is this?
Land - 15.85 Acres, US-1, Sebastian, FL
Where is the land located?
The property is located at Us-1 Micco, FL.
What is the asking price?
The asking price for this property is $5,999,999.
What are key features of this property?
This property features: Prime Micco, FL location on US Highway 1.; $5,999,999 asking price.; ±15.85-acre site divisible into three parcels.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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