717 Coolidge StSebastian, FL 32958

Property Details for 717 Coolidge St

Year built

1979

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.09 AC

Property size (Sq ft)

2,508 SF

Zone code

CR

Property type

Retail properties

Property subtype

Turn key restaurants

APN

31-39-06-00020-0020-00003.0

APU

9223372036854775807

Description

This exceptional business opportunity is situated at 717 Coolidge Street in Sebastian, Florida, offering a unique blend of prime location and high growth potential. The property boasts a substantial 2,508 square feet of space, ideally positioned just steps away from the picturesque Indian River, the vibrant Riverview Park, and a convenient public boat ramp. This strategic location provides unparalleled access to recreational activities and a thriving community, making it an attractive destination for a wide range of businesses. The property's proximity to the water offers stunning riverfront views, creating a desirable and potentially lucrative environment for various commercial ventures. The absence of acreage associated with the property allows for focused development and efficient operations. Priced at $650,000, this presents a compelling investment opportunity for entrepreneurs seeking a high-visibility location with significant potential for return. The existing structure offers a solid foundation for a variety of business models, allowing for customization and adaptation to suit specific needs. The property's location within Sebastian, Florida, offers access to a growing population and a strong local economy. This is a rare chance to acquire a well-situated commercial property in a desirable waterfront location. Serious inquiries are encouraged to explore the possibilities and unlock the full potential of this exceptional business opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,013,270

  6.5%

  $935,326

  7%

  $868,517

• Comparable approach

  Method

  Valuation

  Relative Method

  $992,455

  Geo Method

  $992,455

• Alternative Use

  Use

  Valuation

  Residential

  $788,982

  Hospitality

  $722,704

  Educational

  $601,281

  Medical

  $621,960

  Retail

  $935,326

Location Insight

City

Sebastian

County

Indian River

State

Florida

Latitude

27.8103

Longitude

-80.4661

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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