995 Sebastian BlvdSebastian, FL 32958

Property Details for 995 Sebastian Blvd

Year built

1997

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

7.97 AC

Property size (Sq ft)

52,882 SF

Zone code

PUD-R

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

31-38-14-00006-0000-00001.0

APU

9223372036854775807

Description

This exceptional 7.9-acre retail property, located at 995 N Sebastian Blvd in Sebastian, Florida, presents a compelling investment opportunity. The center boasts a substantial 54,387 square feet of leasable space, currently enjoying 100% occupancy. Key tenants include a Winn-Dixie grocery store and pharmacy, a separate Winn-Dixie liquor store, and a Little Caesar's Pizzeria. All current leases have been renewed, providing immediate and consistent cash flow. Furthermore, the property includes an approved outparcel with preliminary city approval for the construction of a building up to 10,000 square feet, offering significant potential for expansion and increased revenue streams. The center is strategically situated within a densely populated residential area in Sebastian, making it an integral part of the community. The recent acquisition of Winn-Dixie by Aldi and their planned renovations further enhance the long-term value and appeal of this property. This is a rare opportunity to acquire a well-established, high-performing retail center with significant growth potential in a thriving Florida market. The property's substantial size, strong tenant mix, and prime location combine to create a truly exceptional investment prospect. Detailed financial information is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $21,365,126

  6.5%

  $19,721,654

  7%

  $18,312,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,926,232

  Geo Method

  $20,926,232

• Alternative Use

  Use

  Valuation

  Residential

  $16,635,954

  Hospitality

  $15,238,444

  Educational

  $12,678,207

  Medical

  $13,114,230

  Retail

  $19,721,654

Location Insight

City

Sebastian

County

Indian River

State

Florida

Latitude

27.7796

Longitude

-80.4954

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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