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Mario Taormina

mario@mariotaormina.com +1(561) 235-9144

$ 1,995,000

Est. payment | -/mo

1,855 SqFt

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$ 1,995,000

Est. payment | -/mo

Save Virtual Tour

1,855 SqFt

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,855 sqft

Price per Sqft $1,075

MLS Listing ID B26055193

Construction Status Resale

HOA Y/N No

Year Built 1955

Annual Tax Amount $10,378

Tax Year 2025

Lot Size 1.570 Acres

Acres 1.57

Property Sub-Type Multi Family

Property Description

COMING SOON. Rare redevelopment opportunity in Sebastian's riverfront district. Offered together, 1104 US Highway 1 and 1026 Indian River Drive, approximately 1.57 acres with approximately 239.04 feet of US Highway 1 frontage and 170.34 feet of Indian River Drive frontage. RM-8 zoning, public water and sewer, irrigation well, river views, Intracoastal proximity and prominent corridor exposure. The property is vacant. Improvements include a 933-square-foot, 1-bedroom/1-bath concrete-block residence and 448-square-foot accessory structure at 1104, per public records. The 1026 parcel includes 1-bedroom/1-bath and 2-bedroom/2-bath units. All improvements convey. Value is primarily in the land and redevelopment potential. Buyer to verify all information. COMING SOON. The listing becomes Active and showings may begin August 10, 2026. The $1,995,000 price includes both 1104 US Highway 1 and 1026 Indian River Drive, together with all existing improvements. Potential interim rental, sales-center or office use during the planning, permitting and development process is subject to the condition of the improvements, zoning requirements and all applicable approvals. Additional adjacent property may be available separately. Inquire with the listing agent for additional information. Buyer and buyer's agent must independently verify zoning, land use, permitted uses, acreage, frontage, utilities, flood designation, access, development feasibility, required approvals and all measurements. BOUNDARY DISCLOSURE: Any parcel boundary lines or frontage measurements shown are approximate, provided for marketing purposes only and do not constitute a survey. CONCEPTUAL IMAGE DISCLOSURE: Any conceptual renderings are for illustrative purposes only and do not depict existing improvements or governmental approvals.

Location

State FL

County Indian River

Area 6351 - Sebastian (Ir)

Zoning RM-8

Interior

Interior Features InteriorFeatures

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Utilities Available Other, Sewer Connected, Water Connected

Water Access Desc Public,Well

Roof Type Rolled/Hot Mop

Accessibility Accessibility Features

Road Frontage City Street, Highway

Total Parking Spaces 2

Building

Lot Description 1-2 Acres

Story 1

Foundation Raised

Sewer Public Sewer

Water Public, Well

Structure Type Frame,Vinyl Siding

New Construction No

Construction Status Resale

Others

Tax ID 313906000000050000211

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Standard, Listed As-Is

Virtual Tour https://www.propertypanorama.com/1026-INDIAN-RIVER-Drive-Sebastian-FL/unbranded

Listed by Carlos Ors The Core Team Co

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(561) 235-9144

mario@mariotaormina.com

122 W Pine St, Orlando, FL, 32801-2647, USA

1026 INDIAN RIVER DR Sebastian, FL

Mario Taormina

Key Details

Location

Interior

Exterior

Building

Others

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1026 INDIAN RIVER DR