412 Indian River Drive Sebastian, FL ^$ 3,495,000

412 Indian River Drive

^$ 3,495,000

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412 Indian River Drive

Sebastian, FL, 32958

^$ 3,495,000

Bedrooms-- Baths-- Sq 11,331

Monthly Estimate*

^$ 21,804

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Commercial Property for sale in Sebastian, FL

for $3,495,000. This 11,331 square foot building was built in 1969 on a lot size of 1.5.

WHAT A VIEW! 1.5 ACRE RIVERFRONT LOCATION. CURRENT USE AS MOM AND POP HOTEL WITH 17 UNITS, DOCK, POOL, PAVILION AND LAUNDRY. RM-8 USE AVAILABLE FOR UP TO 10 LUXURY CONDOS. MANY OTHER USES POSSIBLE AS WELL IN THE COMMERCIAL RIVERFRONT ZONING. ALSO POSSIBLE FOR ESTATE SIZE LOT SINGLE HOME OR SUBDIVIDE INTO 3 LOTS. LIFT STATION IN PLACE WITH COUNTY WATER. SOUTH INDIAN RIVER DRIVE LOCATION WITHIN PARK AND RESTAURANTS NEARBY. JUST INSIDE SEBASTIAN CITY LIMITS WITH RIVERFRONT PERFORMANCE OVERLAY ARCHITECTURAL RULES. ALSO LISTED AS VACANT LAND ML#291569

Commercial Contingent

Price

^$ 3,495,000

Property Type

Commercial

Taxes

^$ 0

Style

Lot Size

1.5

Year Built

1969

Town/City

Sebastian

County/Region

Indian River

MLS | Web ID

291953

Features

General

Sewer County Sewer

Heating Central Electric

Cooling Central Air

Roof Shingle

Construction Materials Block Frame Concrete Stucco

Year Built 1969

Stories Count 1

Levels One

Property Subtype Hotel/Motel

Parcel Number 31390600020012000001.0

County Indian River

New Construction false

Property Type Commercial Sale

Subdivision Name Edgewater

Status Active Under Contract

Directions IR DRIVE SOUTH OF CR512 AND NORTH OF US1 CUTOFF TO IR DRIVE

City Sebastian

Association Name na

MLS Area Sebastian City

Lot Size Units Acres

Standard Status Active Under Contract

Property Sub Type Additional Industrial Commercial

Legal Description EDGEWATER PARK SUB PBI 1-23 LOTS 1 & 2 & UNNUMBERED LOT BLK12 LESS N 10 FT

Zoning Description Commercial Residential

Tax Assessed Value 1156925

Current Use Hotel/Motel

Gross Income 0

Net Operating Income 0

Operating Expense 0

Insurance Expense 0

MaintenanceExpense 0

Business Type Hotel/Motel

Business Name SPORTSMAN'S LODGE

Interior

Flooring Terrazzo

Total Stories 1

Heating Y/N true

Exterior

Water Source Public

Waterfront Y/N true

Lot Features 1-3 Acres

Road Surface Type Paved

Lot Size Area 1.5

Lot Size Acres 1.5

Lot Dimensions 241X288

Building Area Total 11331

Road Frontage Type County Road

Total Parking 19

Frontage Type Waterfront

* Excluded Features

List By

Berkshire Hathaway Florida

Broker

772-231-1270

Contact

Affordability Calculator

$21,804

Per Month

Monthly Principal & Interest: $21,804
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Sebastian, FL

Average List Price ^$2,272,097

Percent of Sale Price 35%

About Sebastian, FL

24,404 Population

48% Since 2002

^$47,434 Median Income

51.51 Median Age

17% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

0 Elementary School

0 Middle School

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Pricing History

Date	Price	Price Change	Description
10/16/2025	$3,495,000		Listed Price

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412 Indian River Drive, Sebastian, FL, 32958 is a Commercial Property for sale at $3,495,000 with 11,331 sqft and a lot size of 1.5. 412 Indian River Drive was built in 1969. The property's zip code is 32958 which is in Sebastian, FL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Data is updated as of 12/8/2025.

The data relating to real estate on this web site comes in part from a cooperative program of the Realtors Association of Indian River County, Inc. MLS. Detailed information on Real estate listings held by firms other than Weichert Realtors includes the Listing Broker’s Firm Name.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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412 Indian River Drive

Commercial Property for sale in Sebastian, FL

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