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412 Indian River Drive, Sebastian, FL 32958

$3,495,000
: 65,770
SqFt

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List Price: $3,495,000
MLS#: 291569
Sq. Ft: 65,770
Lot Size: 65,770
County: Indian River
Subdivision: Edgewater

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Property Description

UNDER CONTRACT, BACKUPS ENCOURAGE. WHAT A VIEW! 1.5 ACRE RIVERFRONT LOCATION. RM-8 USE AVAILABLE FOR UP TO 10 LUXURY CONDOS. CURRENT USE AS MOM AND POP HOTEL WITH 17 UNITS, POOL, PAVILION AND LAUNDRY. ALSO POSSIBLE FOR ESTATE SIZE LOT SINGLE HOME OR SUBDIVIDE INTO 3 LOTS. DOCK SPACE AVAILABLE AS WELL. LIFT STATION IN PLACE WITH COUNTY WATER. SOUTH INDIAN RIVER DRIVE LOCATION WITHIN PARK AND RESTAURANT LOCATIONS. JUST INSIDE SEBASTIAN CITY LIMITS WITH RIVERFRONT PERFORMANCE OVERLAY ARCHITECTURAL RULES. ALSO LISTED AS COMMERCIAL ML#291953

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Additional Information

Cooling: Central Air
Furnished: Furnished
Heating: Central, Individual
Taxes: $21,521
Utilities: Cable Available, Electricity Available
View: Intercoastal, River
Waterfront: Yes
Stories: 1
Acres: 1.50
Price Per Sqft: $53