9350 53 AveSebastian, FL 32958

Property Details for 9350 53 Ave

Lot size

11.74 AC

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional 11.74-acre property in Sebastian, Florida, presents a unique commercial development opportunity. The site boasts two distinct parcels: an 11.74-acre tract zoned for multifamily development, offering convenient access to 53rd Avenue with potential US-1 access, and a separate 0.98-acre parcel zoned commercial, directly accessible from US-1. The multifamily land provides significant potential for residential construction, capitalizing on the area's growing population and demand for housing. The commercial parcel, situated on US-1, offers high visibility and accessibility for retail or other commercial ventures. The property's strategic location in Sebastian, Indian River County, places it in close proximity to shopping centers, including a Publix supermarket, and various restaurants, ensuring convenient access to amenities for future residents and businesses. The high average daily traffic count of 23,500 vehicles on US-1 near the property underscores its prime commercial location and potential for significant return on investment. The asking price for this combined development opportunity is $1,500,000. This is a rare chance to acquire a substantial land holding with diverse development potential in a thriving Florida community. The property is located at 9350 US Hwy 1 & 9455 53rd Ave, Sebastian, FL 32958.

Location Insight

City

Sebastian

County

Indian River

State

Florida

Latitude

27.7664

Longitude

-80.4435

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