This exceptional Florida investment opportunity encompasses two parcels totaling 145,926 square feet in desirable Sebastian, Florida (zip code 32976). The southern parcel, situated on the Sebastian River, offers 145,926 square feet of prime waterfront land zoned BU-1 (General Retail Commercial). Its boundaries are defined by the Sebastian River to the south, Main Street to the north, US1 to the east, and the marina to the west. This location presents significant potential for various commercial ventures. Separately available, the northern parcel, zoned RU1-7 Residential, is ideal for residential development. This parcel is bordered by Main Street to the south, Palm Avenue to the north, and Lawrence Street to the west. The combined asking price for both parcels is $1,950,000. However, individual purchase options are available: the riverfront commercial parcel is priced at $1,500,000, while the residential parcel is offered at $450,000. This unique property presents a rare chance to acquire a substantial waterfront holding with both commercial and residential development potential in a thriving Florida community. The property's strategic location and flexible zoning provide a multitude of development possibilities for discerning investors. Detailed site plans and zoning information are available upon request.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$314,586
Hospitality
$288,159
Educational
$239,745
Medical
$247,990
Retail
$372,937
Location Insight
City
Micco
County
Brevard
State
Florida
Latitude
27.8563
Longitude
-80.4928
CBSA code
37340
CBSA name
PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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