806 Indian River DrSebastian, FL 32958

Property Details for 806 Indian River Dr

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.60 AC

Property size (Sq ft)

6,575 SF

Zone code

CR

Property type

Retail properties

Property subtype

Turn key restaurants

APN

31-39-06-00000-0070-00005.0

APU

9223372036854775807

Description

This exceptional waterfront property in Sebastian, Florida presents a once-in-a-lifetime investment opportunity. Currently operating as a thriving restaurant and marina business, this 7,429 square foot establishment sits on a 0.6-acre lot boasting breathtaking views of the Indian River. The restaurant features seating for 200 guests, comfortably arranged across 25 tables and 13 booths, providing ample space for a diverse clientele. A recently constructed marina, strategically positioned and equipped with modern utilities, caters to the needs of boat owners, offering a seamless and convenient experience. The property's prime location offers significant advantages

• CAP approach

  CAP return

  Valuation

  6%

  $2,656,399

  6.5%

  $2,452,061

  7%

  $2,276,914

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,601,830

  Geo Method

  $2,601,830

• Alternative Use

  Use

  Valuation

  Residential

  $2,068,405

  Hospitality

  $1,894,648

  Educational

  $1,576,325

  Medical

  $1,630,537

  Retail

  $2,452,061

Location Insight

City

Sebastian

County

Indian River

State

Florida

Latitude

27.8107

Longitude

-80.4645

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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