1424 Us Highway 1, Sebastian, FL 32958 (MLS# RX-10841529)

$1,775,000

1424 Us Highway 1
Sebastian, FL 32958
MLS# RX-10841529
Status: Closed
8 baths | 9640 sqft

1 / 36

Property 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!

Details

Maps

Contract Information

Status: Closed

Original List Price: 1995000

Auction: No

Sold Price: $1,775,000

Current Price: $1,775,000

List Price/Bldg SqFt: 206.95

Listing Date: 2022-10-24

Comm/Non-Rep: 2.5%

Comm/Buyer Agent: 2.5%

Comm/Trans Brk: 2.5%

General Property Description

Type: Office

For Sale: Yes

For Lease: No

Property Desc: Commercial

Subdivision: HARDEES SUBDIVISION NO. B

Year Built: 1997

Built Desc: Resale

SqFt - Living: 9640

SqFt Source: Other

# of Stories: 1

Total Units: 3

Baths - Total: 8

Acres: 1.37

% Air Conditioned: 100

Waterfront: Yes

Location, Tax & Legal

Area: 6352 - Sebastian County (IR)

Geo Area: IR52

Country: United States

County: Indian River

Parcel ID: 31390600003000000004.0

Street #: 1424

Street Name: Us Highway 1

State/Province: FL

Zip Code: 32958

Zoning: CWR

Legal Desc: 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

Tax Year: 2022

Real Estate Taxes: 25373

Geo Lat: 27.819758

Geo Lon: -80.470198

Remarks & Misc

Directions: Fronting on US-1 and Indian River Drive, between Wells Fargo Bank & Earl's Hideaway.

Office/Member Info

DXORIGMLNO: RX-10841529

DXORIGMLSID: RML

Status Change Info

Under Contract Date: 2022-11-22

Sold Date: 2022-12-22

Sold Price: $1,775,000

Terms of Sale: Cash

Sold Price/Bldg SqFt: 184.12

Property Features

Use: Professional Office

Type of Building: Medical; Office/Professional

Construction: Concrete

Sale Includes: Building and Land

Avail Docs: Aerial

Avail Info: None

Flooring: Carpet; Ceramic Tile; Vinyl Floor

Cooling: Central

Heating: Central

Fire Protect: Smoke Alarm

Tenant Pays: None

Utilities: Electric; Public Sewer; Public Water; Separate Meter

Waterfront Details: Intracoastal

Roof: Metal

Terms Considered: Cash; Conventional

Lease: 1-3 Years

Possession: At Closing

Contingencies: Inspection

Listing Office: Rennick Real Estate

Last Updated: June - 12 - 2023

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