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Stephanie Bishop

stephanie.bishop@engelvoelkers.com +1(772) 321-7585

$ 3,495,000

Est. payment -/mo

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Active Under Contract

412 Indian River DR Sebastian, FL 32958

1.5 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Edgewater

MLS Listing ID 291953

HOA Y/N No

Year Built 1969

Lot Size 1.500 Acres

Acres 1.5

Property Sub-Type Hotel/Motel

Property Description

WHAT A VIEW! 1.5 ACRE RIVERFRONT LOCATION. CURRENT USE AS MOM AND POP HOTEL WITH 17 UNITS, DOCK, POOL, PAVILION AND LAUNDRY. RM-8 USE AVAILABLE FOR UP TO 10 LUXURY CONDOS. MANY OTHER USES POSSIBLE AS WELL IN THE COMMERCIAL RIVERFRONT ZONING. ALSO POSSIBLE FOR ESTATE SIZE LOT SINGLE HOME OR SUBDIVIDE INTO 3 LOTS. LIFT STATION IN PLACE WITH COUNTY WATER. SOUTH INDIAN RIVER DRIVE LOCATION WITHIN PARK AND RESTAURANTS NEARBY. JUST INSIDE SEBASTIAN CITY LIMITS WITH RIVERFRONT PERFORMANCE OVERLAY ARCHITECTURAL RULES. ALSO LISTED AS VACANT LAND ML#291569

Location

State FL

County Indian River

Area Sebastian City

Zoning ,

Interior

Heating Central, Electric

Cooling Central Air

Flooring Terrazzo

Fireplace No

Exterior

Water Access Desc Public

Roof Type Shingle

Present Use Hotel/Motel

Total Parking Spaces 19

Building

Lot Description 1-3 Acres

Story 1

Entry Level One

Sewer County Sewer

Water Public

Level or Stories One

New Construction No

Others

HOA Name na

Tax ID 31390600020012000001.0

Acceptable Financing Cash, New Loan

Listing Terms Cash, New Loan

REALTORS® Association of Indian River County, Inc. (RAIRC)

Listed by Berkshire Hathaway Florida

NEARBY SCHOOLS & PROPERTIES

Stephanie Bishop

Advisor | License ID: 627901

+1(772) 321-7585

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