Post on 16-Oct-2020
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
my@slccommercial.com
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
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.
SLC COMMERCIAL | 2488 SE Willoughby Blvd, Stuart, FL 34994 | 772.220.4096 | www.slccommercial.com
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
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.
SLC COMMERCIAL | 2488 SE Willoughby Blvd, Stuart, FL 34994 | 772.220.4096 | www.slccommercial.com
Survey
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.
SLC COMMERCIAL | 2488 SE Willoughby Blvd, Stuart, FL 34994 | 772.220.4096 | www.slccommercial.com
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.
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.
SLC COMMERCIAL | 2488 SE Willoughby Blvd, Stuart, FL 34994 | 772.220.4096 | www.slccommercial.com
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.
SLC COMMERCIAL | 2488 SE Willoughby Blvd, Stuart, FL 34994 | 772.220.4096 | www.slccommercial.com
Disclaimers