1424 Us-1, Sebastian, FL 32958
$1,775,000
Property Type:
Commercial Sale
Square Footage:
9,600
Lot Size (sq. ft.):
59,677
Status:
Closed
Current Price:
$1,775,000
List Date:
10/27/2022
Last Modified:
11/11/2025
Overview
Description
Listing Details MLS# 949261
General Property Information
- Number Of Units Total
- 3
- Stories Total
- Yes
- Building Area Total
- 9600
- Year Built
- 1997
- Lot Size Acres
- 1.37
- Property Use
- C-PROFESSIONAL BUILDING - SINGLE TENANT - 1 STORY (1900)
- Use Code
- 19 / PROFESSIONAL BUILDING
- Association YN
- No
- Water Body Access YN
- No
- Waterfront YN
- Yes
- Water Body Name
- Indian River
- List Price/SqFt
- 207.81
- Sold Price/SqFt
- 184.9
Property Features
Building Features:
Loading Dock; Lobby; Private Restroom; Public Restroom; Reception Area; Separate Office Area
Construction Materials:
Block; Concrete
Cooling:
Central Air; Electric
Current Use:
Commercial
Flooring:
Carpet; Tile; Vinyl
Heating:
Central; Electric
Listing Terms:
Cash; Conventional; Lease Option
Possession:
Close Of Escrow; Subject To Tenant Rights
Roof:
Metal
Sale Includes:
Building & Land
Security Features:
Smoke Detector(s)
Sewer:
Public Sewer
Showing Requirements:
Call Listing Agent
Special Listing Conditions:
Presently Leased
Water Source:
Public
Waterfront Features:
River Front
Contract Information
- Original List Price
- 1995000
- Listing Contract Date
- 2022-10-24
- Property Sub Type
- Business
Location Tax and Legal
- Street Number
- 1424
- Street Name
- Us-1
- County
- Indian River
- State
- FL
- Postal Code
- 32958
- MLS Area Major
- 904 - Indian River
Remarks and Miscellaneous
- Public Remarks
- Riverfront Commercial Center in Sebastian offering 9,640 SF on 1.37 acres. 11% CAP Rate potential! Currently split into 3 spaces previously used for medical - zoned commercial. 223 ft of frontage on US-1 w 22,000 vehicles passing daily. Indian River Dr frontage w additional access, 60 parking spaces, ADA compliant, solid CBS construction w metal roof, storm protection & more!
Status Change Information
- Major Change Timestamp
- 2023-03-17T18:29:50Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2023-03-17
- Purchase Contract Date
- 2022-11-22
- Close Date
- 2022-12-22
- Close Price
- 1775000
More Information
Building Features
- Clear Ceiling Height
- 9600
- Loading Dock
- Yes
- Lobby
- Yes
- Private Restroom
- Yes
- Public Restroom
- Yes
- Reception Area
- Yes
- Separate Office Area
- Yes
Income and Expenses
- Gross Scheduled Income
- 288049
- Net Operating Income
- 222596
Historical Information
- Public Historical Remarks 3
- Legal/Misc-Home Warranty: No
Location, Tax, and Legal
- Tax Account
- Irc
- Parcel Number
- 31390600003000000004.0
- General County Location
- Central
- Tax Annual Amount
- 25373
- Tax Year
- 2022
- Tax Legal Description
- HARDEES SUBDIVISION NO. B PBS 4-74 BEING MORE PART DESC AS FOLL THAT TR OR PARC OF LAND BOUNDED ON THE S BY A LINE 200 F
- Directions
- Fronting on US-1 and Indian River Drive, between Wells Fargo Bank & Earl's Hideaway.
Construction Materials
- Block
- Yes
- Concrete
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
Current Use
- Commercial
- Yes
Flooring
- Carpet
- Yes
- Tile
- Yes
- Vinyl
- Yes
Heating
- Central
- Yes
- Electric
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Lease Option
- Yes
Possession
- Close Of Escrow
- Yes
- Subject To Tenant Rights
- Yes
Roof
- Metal
- Yes
Security Features
- Smoke Detector(s)
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Presently Leased
- Yes
Water Source
- Public
- Yes
Waterfront Features
- River Front
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Sale Includes
- Building & Land
- Yes
Listing Office:
Ron Rennick Auctions, Inc.
Last Updated: November - 11 - 2025
Information is deemed to be reliable, but is not guaranteed.