U.S. Highway 1 Retail Investment
920 US Highway 1, Sebastian, Florida 32958
Sold: $468,100
Property Details
Property Type
Improved property
Building Type
Freestanding
Building Size
6,500 sqft
Land Size
0.5 acres
Zoning
(CR) Commercial Riverfront
Year Built
1985
Property Description
FEATURES:
-Premier U.S. Hwy. 1 Frontage!
-High visibility & centrally located!
-Perfect for company needing office space! They can occupy 2nd floor and have most/all paid by 1st floor income.
-7 additional parking spaces can be created
BUILDING SIZE: 6,500 SF building located on .58 acres with 150 ft. of U.S. Hwy. 1 frontage and 190 ft. of depth.
AVAILABLE UNITS FOR RENT - 2ND FL.
Unit D1- 468 SF - $430 P/M + Sales Tax
Unit E - 720 SF - $511.50 P/M + Sales Tax
Unit F - 610 SF - $650 P/M + Sales Tax
Unit G - 1,584 SF - $900 P/M + Sales Tax
YEAR BUILT: 1985
PROPERTY TAXES: $8,122.39 (2015)
RENTAL RATES: $430 - $1,869 P/M + Sales Tax
ZONING: (CR) Commercial Riverfront
POTENTIAL NOI: $57,700
CAP RATE: 11%
PRICE: $515,000
