Prime U.S. Hwy. 1 Corner For Sale

  SOLD February 2022 for $875,000

701, 705, 709, 717 US Highway 1, Sebastian, Florida 32958


Building Size5,153 Square Feet
Land Size1.02 Acres
Zoning(CR) Commercial - Retail


FEATURES:
- Prime U.S. Highway 1 exposure with traffic signal!
- 330’ feet of road frontage!
- Currently 3 different tenants!
- High Growth Area!
- Buy as investment and redevelop in the future!
- Totaling Four Parcels - not in a flood zone

BUILDINGS:
Fully Leased Property with 3 tenants:
1) Pre-Owned Vehicle Dealership/Display Lot - 400 SF
2) Masonry Diesel Repair Shop - 1,269 SF
3) Restaurant - 2,009 SF
4) Upholstery Business - 875 SF
5) Outside Detail Tent Business - 600 SF
Total Square Feet = 5,153 SF
YEAR BUILT: 1958 - 1962
UTILITIES: County Water & Sewer with lift station.
PROPERTY SIZE: 1.02 Acres, 330 ft. frontage by 135 ft. of depth!
ZONING: (CR) Commercial - Retail
REAL ESTATE TAXES: $11,520.80 (2021)
TRAFFIC: 27,535 (2020)
RENTAL INCOME: Current Annual Gross Rent $78,000
CURRENT NOI: $69,000
ASKING PRICE: $975,000


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.


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