For Sale
$2,980,000

Us-1 Sebastian, FL 32958

3.56-34.67 Acres, Multi-Family Potential

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional commercial land parcel in Sebastian, Florida (32958), presents a significant development opportunity. Located on US-1, the 3.56-acre site is zoned CL/CG/RM-6, allowing for diverse development options. The RM-6 zoning alone permits up to 70 multi-family units. An additional 1.07 acres zoned CG allows for an additional 8 units. Combining this property with an adjacent 21.89-acre parcel (available separately) expands the total acreage to 34.67 acres, significantly increasing the potential to approximately 217 multi-family units. This prime location benefits from nearby commercial development, including a planned 34,000+ sq ft Publix supermarket on CR 510. Furthermore, the recent announcement of a large-scale multi-family development by Divosta (Pulte Homes) nearby underscores the strong market demand and potential for significant returns. This property offers investors a unique chance to capitalize on the thriving Sebastian real estate market. The asking price is $2,980,000.

Highlights

  • 3.56-acre commercial land parcel in Sebastian, FL (32958), zoned CL/CG/RM-6, allowing for diverse development options.
  • RM-6 zoning permits up to 70 multi-family units; an additional 1.07 acres zoned CG allows for 8 more units.
  • Potential to combine with an adjacent 21.89-acre parcel (sold separately) for a total of 34.67 acres, potentially yielding up to 217 multi-family units.
  • Strong market demand indicated by nearby Divosta (Pulte Homes) multi-family development of 270+ units.
  • Prime location with planned 34,000+ sq ft Publix supermarket on CR 510.

Property Details for 0 Us-1

Property type
Land
Lot Size (sq. ft)
155,074 SF

Location Insight

City
Sebastian
County
Indian River
State
Florida
Latitude
27.762208465931
Longitude
-80.441098209034

FAQs

What type of property is this?
Land - 3.56-34.67 Acres, Multi-Family Potential
Where is the land located?
The property is located at Us-1 Sebastian, FL.
What is the asking price?
The asking price for this property is $2,980,000.
What are key features of this property?
This property features: 3.56-acre commercial land parcel in Sebastian, FL (32958), zoned CL/CG/RM-6, allowing for diverse development options.; RM-6 zoning permits up to 70 multi-family units; an additional 1.07 acres zoned CG allows for 8 more units.; Potential to combine with an adjacent 21.89-acre parcel (sold separately) for a total of 34.67 acres, potentially yielding up to 217 multi-family units.
How can I contact the broker?
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