1026 INDIAN RIVER Drive, Sebastian, FL

$1,995,000
Property Type: Commercial Sale Square Footage: 1,855 Status: Active
Current Price: $1,995,000 List Date: 7/22/2026 Last Modified: 10/02/2026

Overview

Description

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.

Supplements: The existing improvements comprise four residential units, offering potential flexibility during a buyer's planning and evaluation period. The unit mix includes a 2-bedroom/2-bath residence and a 1-bedroom/1-bath residence at 1026 Indian River Drive, together with a 1-bedroom/1-bath residence and studio at 1104 U.S. Highway 1. Buyers should indepen ...

Listing Details MLS# B26055193

General Property Information

Property Sub Type
Multi Family
Building Area Main
1855
Building Area Source
Assessor
Year Built
1955
Parking Total
2
Lot Size Area
55173
Lot Size Acres
1.57
Accessibility Features YN
Yes
Stories Total
Yes

Property Features

Documents Available: Aerial Photo(s); Existing Survey Electric: 110 Volts; 220 Volts Foundation Details: Raised Heating: Window/Wall Possession: Close Of Escrow Property Condition: Resale Special Listing Conditions: Standard Construction Materials: Frame; Vinyl Siding Cooling: Wall/Window Unit(s) Listing Terms: Cash; Conventional; FHA Road Frontage Type: City Street; East of US-1; Highway Traffic Type: Auto; Pedestrian; Heavy Roof: Rolled/Hot Mop Security Features: Smoke Detector(s) Sewer: Public Sewer Special Information: Sold As-Is; Will Not Divide Utilities: Sewer Connected; Water Connected; Other Water Source: Public; Well Showing Requirements: Call Listing Agent; Sign On Property; Text Listing Agent Acreage Description: 1 To Less Than 2 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
1995000
Negotiable Seller Concessions YN
No
Listing Service
Full Service

Location and Legal

Country
United States
County Or Parish
Indian River
Street Number
1026
Street Name
INDIAN RIVER
Street Suffix
Drive
Municipality Type
Incorporated
State Or Province
FL
Postal Code
32958
Postal Code +4
4134
Area
6351 - Sebastian (IR)
Geographic Area
INRV - Indian River
Parcel Number
313906000000050000211
Subdivision Number
60000
Multiple Offers Accepted
Yes
Zoning
RM-8
Flood Zone
X
Property Description
SINGLE FAMILY

Financial Information

Tax Annual Amount
10378.52
Tax Year
2025
Tax Assessed/SOH Value
570472
Tax Legal Description
SEC 6 TWP 31 RNG 39 GOVT LOT 5 MORE FULLY DESC AS BEG AT THE INTERSEC OF THE S LINE OF GOVT LOT 5 AND SEC 6 AND THE E ROW OF US HWY 1 AS IT
Assessor Market Value
570472

Status Change Information

Major Change Timestamp
2026-07-22T15:12:00Z
Major Change Type
New Listing
Status Change Date
2026-07-22

More Information

Meter Information

Separate Electric Meters YN
No
Separate Gas Meters YN
No
Separate Water Meters YN
No

Originating Details

Originating System Key
20260720203506216694000000
Originating System ID
M00000170
IDX
Listing Office: The Core Team Co
Source MLS Verified
Last Updated: October - 02 - 2026
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