9360 90Th AveSebastian, FL 32958

Property Details for 9360 90Th Ave

Year built

2007

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.94 AC

Property size (Sq ft)

12,600 SF

Zone code

CL

Property type

Retail space

APN

31-38-23-00000-5000-00005.1

APU

9223372036854775807

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.

• CAP approach

  CAP return

  Valuation

  6%

  $5,090,590

  6.5%

  $4,699,006

  7%

  $4,363,363

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,986,016

  Geo Method

  $4,986,016

• Alternative Use

  Use

  Valuation

  Residential

  $3,963,788

  Hospitality

  $3,630,808

  Educational

  $3,020,790

  Medical

  $3,124,680

  Retail

  $4,699,006

Location Insight

City

Sebastian

County

Indian River

State

Florida

Latitude

27.7644

Longitude

-80.5101

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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