11450 Indian River DrSebastian, FL 32958

Property Details for 11450 Indian River Dr

Year built

1950

Construction

WOOD

Lot size

1.61 AC

Property size (Sq ft)

7,334 SF

Zone code

RM-6

Property type

Hospitality properties

Property subtype

Motels

APN

31-39-08-00000-0010-00007.0

APU

9223372036854775807

Description

This exceptional 12-suite boutique hotel, situated on nearly 1.61 acres of pristine riverfront property in Sebastian, Florida, presents a unique investment opportunity. The property boasts an 8-slip private dock, a relaxing tiki hut, and complimentary guest amenities including bikes, kayaks, and canoes, enhancing the overall guest experience. Each of the twelve suites showcases a distinct design aesthetic, reflecting the talents of local and national interior designers. Its idyllic location, just minutes from the town of Sebastian, makes it an ideal venue for weddings, corporate retreats, and family gatherings. The hotel has consistently demonstrated strong revenue growth and has earned TripAdvisor's Travelers' Choice Award for the past four consecutive years, underscoring its popularity and high guest satisfaction. This established business offers significant potential for expansion and continued profitability. The property's prime location, coupled with its high-quality accommodations and attractive amenities, positions it for exceptional returns on investment. Seller financing is a possibility, making this an even more compelling proposition for discerning buyers. The property's proven track record, combined with its inherent appeal and growth potential, makes it a truly remarkable investment opportunity in the desirable Sebastian, Florida market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,289,474

  6.5%

  $2,113,361

  7%

  $1,962,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,706,396

  Geo Method

  $2,706,396

• Alternative Use

  Use

  Valuation

  Residential

  $2,307,176

  Hospitality

  $2,113,361

  Educational

  $1,758,292

  Medical

  $1,818,762

  Retail

  $2,735,120

Location Insight

City

Sebastian

County

Indian River

State

Florida

Latitude

27.8027

Longitude

-80.4608

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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