8560-8580 Highway 1, Sebastian, FL 32976

Property Details

Riverfront 5.33 acres of development land comprised of two parcels. Within an enticing Opportunity Zone, this prime piece of land is poised to unlock unparalleled potential for lucrative returns. Ready for rezoning to commercial or multi-family residential use. Site is high and dry, well above sea level. 200 feet of direct frontage on US Highway 1. Condos to the north, and storage and high-density properties to the south. Two piers or boat docks are allowable, opening up the potential for recreational and leisure activities that will surely draw residents and visitors to this waterfront haven. Two older homes are located on the property.

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• 55+ CommunityNo
• Acreage2.59
• Area350 - Barefoot Bay/Micco
• CitySebastian
• CountyBrevard
• Cumulative DOM71
• Days On Market71
• Directions8560-8580 US Highway 1
• Elementary SchoolSunrise
• Equitable InterestNo
• Front FacesE
• Frontage DescriptionUS Highway
• Gated CommunityNo
• General County LocationSouth
• High SchoolBayside
• High SchoolBayside
• Legal DescriptionS 90.5 FT OF N 430.5 FT OF LOTS 3,6 EX HWY R/W
• List Price/Acres$1,158,301.16 / acre
• Listing DateFriday, July 21st, 2023
• Listing ID970548
• Listing StatusActive
• Lot SqFt112,820 sqft
• Middle SchoolSouthwest
• Possible Financing1031 Exchange, Cash and Conventional
• Property TypeVacantland
• State/ProvinceFL
• StatusActive
• Street NameHighway 1
• Street Number8560-8580
• Sub TypeMixed Use
• SubdivisionNone
• Tax Year2022
• Taxes$2,989.66
• UnBranded Virtual TourClick Here
• Water Frontage Ft199.00
• WaterfrontYes
• Waterfront TypeIndian River
• Zip Code32976