1424 Us-1, Sebastian, FL 32958

$1,775,000

Virtual Tour

https://www.asteroom.com/pviewer?hideleadgen=1&token=tLbaCDdsqkCHHz8cDHgw9w

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

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!

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

Income and Expenses

Gross Scheduled Income: 288049
Net Operating Income: 222596

Historical Information

Public Historical Remarks 3: Legal/Misc-Home Warranty: No

Listing Office: Ron Rennick Auctions, Inc.

Last Updated: November - 11 - 2025

Information is deemed to be reliable, but is not guaranteed.