Sebastian's Pelican Cottages For Sale

  SOLD December 2021 for $1,350,000

11330 US Highway 1, Sebastian, Florida 32958


Building Size10,257 Square Feet
Land Size0.76 Acres
Units18
Zoning(CG) General Commercial
WaterCounty
SewerCounty, Septic
ElectricFPL
Year Built1936

FEATURES:

  • 18 Unit Vacation & Hotel Rental in Sebastian’s Riverfront District!
  • 15, One-Bedroom and 3, Two-Bedroom Units
  • On-Site Laundry Facilities!
  • Recent Capital Improvements Including Re-Plumbing, Re-Roofing, and Renovating Bathrooms/Kitchens.
  • Meticulously Maintained and Managed with Strict Requirements for New Guests as well as Diligent Cleaning Standards

BUILDING: 9 Buildings Totaling Approximately 10,257 SF
PROPERTY SIZE: .76 Acres with 172 Ft. of Frontage on US Hwy 1
ZONING: (CG) General Commercial
RE TAXES: $7,221.96 (2020)
UTILITIES: County Water, Sewer & Septic, FPL
NOI: $148,765.53
CAP RATE: 8%
PRICE: $1,795,000


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


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