1215 indian river drive, sebastian, fl 32958 · the sebastian river area also offers great inshore...

Property Description: PARCEL ID: 31390600000005000010.0

BUILDING SIZE: 3,560+/- Sq. Ft.

YEAR BUILT: 1951 to 1974

SITE ACRES: 0.76

DESCRIPTION: (7) efficiencies

(2) bedroom house

Property situated on both sides of Indian River Drive

fronting the Indian River Lagoon

ZONING: CWR

PERMITTED USES: See Attached

CONSTRUCTION: CBS

FOUNDATION & FRAME: Concrete Slab & Masonry

ROOF: Gable wood trusses/asphalt shingles

FRONTAGE: 181 ft west side

160 ft east side of Indian River Drive

UTILITIES: FPL (Electric)

Indian River Utility Dept. (water & sewer available)

REAL ESTATE TAXES: $8,070.43

Sale Price $900,000.00

The information contained herein has been obtained from sources believed to be reliable, but no warranty or representation, expressed or implied, is made. All sizes and dimensions are approximate. Any

prospective buyer should exercise prudence and verify independently all significant data and property information. This is NOT an offer of sub-agency or co-brokerage.

Michael A. Yurocko, CCIM, Vice President, Broker Cell Phone 772.538.2841

[email protected]

SLC COMMERCIAL | 2488 SE Willoughby Blvd, Stuart, FL 34994 | 772.220.4096 | www.slccommercial.com

1215 Indian River Drive, Sebastian, FL 32958

Value Add Opportunity Water view motel on scenic Indian River Drive

Redevelopment potential of site with possible

assemblage of 0.52 acre adjoining parcel

fronting US Highway 1 for a total of 1.28 acres

Central to all waterfront restaurants and area amenities




Maps

Demographic Profile Minute Radius

5 Min 10 Min 15 Min

Population 6,272 28,606 49,939

Households 3,062 12,905 22,501

Ave HH Income $50,029 $58,244 $65,464

Median Age 57.3 55.8 56.6

Businesses 501 1,019 1,500

Daytime Population 3,798 7,706 12,113

MAY

ALSO BE

AVAILABLE




Survey




Area

WELCOME TO THE SEBASTIAN RIVER AREA

CHAMBER OF COMMERCE

Welcome to the Sebastian River Area, one of Florida's authentic Treasure Coast communities on the Indian River La-

goon and home to America's first National Wildlife Refuge, Pelican Island. We are located on the central east coast of

Florida, situated in the northernmost part of Indian River County, about 15 miles north of Vero Beach. Discover the

natural splendor and rich history of the Sebastian River Area with a vast array of activities and attractions that in-

cludes fishing, hiking, wildlife viewing, kayaking, recreational parks, and so much more.

The Sebastian River Area has over 20,000 acres of preserve ideal for hiking, birding and horseback riding. Sebastian

is home to Pelican Island, America’s 1st National Wildlife Refuge, with over 130 species of birds. The St. Sebastian

River Preserve State Park, part of the Great Florida Birding Trail, is considered one of the top birding locations in the

U.S. Archie Carr National Wildlife Refuge, a 248-acre refuge spanning 20.5 miles long, was designated to protect habi-

tat for what is the most significant area for loggerhead sea turtle nesting in the Western Hemisphere, and the most

significant area for green turtle nesting in North America.

Sebastian Inlet State Park is one of the most popular state parks in the southeast known for its extraordinary surfing

and fishing. One of the most consistent surf breaks in Florida is Sebastian Inlet's first peak, located next to the north

jetty. Another hot surf spot is Monster Hole--located about 1/3 mile off the beach. Avid fishermen also flock to Sebas-

tian Inlet, which is considered the premier saltwater fishing spot on Florida's east coast.

The Sebastian River Area also offers great inshore fishing. There are over 13,000 acres of freshwater wilderness fa-

mous for trophy bass, the diverse Indian River Lagoon, North America’s most biologically diverse estuary, has hun-

dreds of species of fish and the St. Sebastian River takes you back in time with its "Old Florida" charm. These beautiful

waterways not only offer amazing fishing opportunities but also the perfect scenery for pontoon boat and airboat

tours, kayaking, and paddle boarding.

Sebastian is also well known for the rare antiquities that have washed upon its shores. The shipwreck from the 1715

Spanish Plate Fleet left many treasures along Sebastian’s coast. Many treasure hunters continue to search our shore-

line for other artifacts that were lost in history.

Sebastian boasts one of the most spectacular skydiving views in the world! Both tandem and experienced jumpers

travel from all over the world to plunge from an altitude of 13,500 feet and experience the breathtaking view!

The Indian River Lagoon National Scenic Byway, one of two in the State of Florida, is 233 miles and the southern cor-

ridor of the byway encompasses the entire Sebastian River Area including Fellsmere. The Byway was designated a

Scenic Highway because of the great historical, natural and recreational resources for explorers of all ages. As you

travel the byway, you'll be taken back by the unique and diverse habitat, special places and breathtaking scenery that

await you.

The Sebastian River Area is a perfect getaway for those seeking relaxation while learning to appreciate Florida’s natu-

ral wonderlands.




Zoning

Sec. 54-2-5.5. - Commercial Waterfront Residential District (CWR) – City of Sebastian, Florida

(a) Intent. The purpose and intent of the CWR District is to provide a management framework for implementing compre-hensive plan objectives and policies for the Riverfront Mixed Use designation illustrated on the future land use map. All development in the Commercial Waterfront Residential District shall comply with the comprehensive plan, performance criteria in chapter III, as well as other applicable land development regulations. The CWR District is intended to pre-serve the existing character of the Riverfront area. The existing assets, including historical structures shall be protect-ed, preserved and enhanced. The zoning district is intended to provide for a mixture of uses and a variety of opportuni-ties for recreational, residential and commercial uses while protecting the environment.

(b) Permitted uses:

Single-family dwellings

Duplex dwellings

Multiple-family dwellings up to 8 units per acre

Timeshare facilities

Cultural or civic facilities

Clubs and lodges, public and private

Commercial retail ≤ 5,000 sq. ft.

Foster care/group homes with ≤ 6 residents

Boat sales or rental

Bait and tackle shops

Fish markets/packing facilities

Yacht clubs

Restaurants excluding drive-through facilities

Bars and lounges

Trade and skilled services, marine-related only

Marinas

Marina fuel sales

Marine power sales and service

Home occupations

Accessory uses to permitted uses

(c) Conditional uses:

Model homes

Educational institutions, marine related

Commercial retail > 5,000 sq. ft.

Business & professional offices, excluding drive-through facilities

Utilities, public and private

Foster care/group homes with > 6 residents

Parks and recreation, public

Hotels and motels

Parking lots without a building on the lot

Protective and emergency services, public

Bed and breakfast

Wet or dry storage of boats

Accessory uses to conditional uses

This presentation package has been prepared by the company representing the property for

informational purposes only and does not purport to contain all information necessary to reach a

purchase decision.

The information herein has been given by the Owner or other sources believed to be reliable, but

it has not necessarily been independently verified by the Company representing the property and

neither its accuracy nor its completeness is guaranteed.

This information is subject to errors, omissions, changes, prior sale or withdrawal without notice

by the Company representing the property and does not constitute a recommendation,

endorsement or advice as to the value for the purchase of any property. Each prospective lessee

or purchaser is to rely upon his/her own investigation, evaluation and judgment as to the

advisability of leasing or purchasing the property.

Furthermore, any financial information and calculations presented in this analysis are believed to

be accurate, but are not guaranteed and are intended for the purposes of projection and analysis

only. The user of this financial information contained herein should consult a tax specialist

concerning his/her particular circumstances before making any investment.


Disclaimers

1215 indian river drive, sebastian, fl 32958 · the sebastian river area also offers great inshore...

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