1026 INDIAN RIVER Drive Sebastian, FL $ 1,995,000
1026 INDIAN RIVER Drive
$ 1,995,000
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1026 INDIAN RIVER Drive

Sebastian, FL
$ 1,995,000
Bedrooms-- Baths-- Sq 1,855

Monthly Estimate*

$ 12,597

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Commercial Property for sale in Sebastian, FL

for $1,995,000. This 1,855 square foot building was built in 1955 on a lot size of 1.57.

COMING SOON—SHOWINGS BEGIN AUGUST 12, 2026. Rare redevelopment opportunity in Sebastian's riverfront district. Offered together, 1104 US Highway 1 and 1026 Indian River Drive combine approximately 1.57 acres with dual frontage. Features include RM-8 zoning, public water and sewer, an irrigation well, Intracoastal proximity and major-corridor exposure. Existing improvements include 1-bedroom/1-bath and 2-bedroom/2-bath units, offering rental income or possible sales-center/office use during planning, permitting and development, subject to approvals. Value is primarily in the land and redevelopment potential. Buyer to verify zoning, uses, measurements, utilities and feasibility. Adjacent property is not included and may be available separately; listing agent can provide details. This offering combines two strategically positioned parcels extending between US Highway 1 and Indian River Drive. The $1,995,000 price includes both 1104 US Highway 1 and 1026 Indian River Drive. The site totals approximately 1.57 acres and offers dual frontage, RM-8 zoning, public water and sewer, an existing irrigation well, river views, and Intracoastal proximity.. Existing structures convey with the property; the offering is marketed primarily for its land and redevelopment potential. 1016 Indian River Drive is not included and may be available separately. Buyer must perform independent due diligence regarding zoning, land use, acreage, utilities, access, flood designation, permitted uses and development feasibility. CONCEPTUAL IMAGE DISCLOSURE: Any conceptual renderings are for illustrative purposes only and do not depict existing improvements or governmental approvals.

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Commercial Active

Price

$ 1,995,000

Property Type

Commercial

Taxes

$ 10,378

Style

Lot Size

1.57

Year Built

1955

Town/City

Sebastian

County/Region

Indian River

MLS | Web ID

B26055193

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Utilities Other Sewer Connected Water Connected
Possession Close Of Escrow
Roof Rolled/Hot Mop
Security Features Smoke Detector(s)
Construction Materials Frame Vinyl Siding
Year Built 1955
Electric 110 Volts 220 Volts
Property Subtype Multi Family
Tax Year 2025
Accessibility Accessibility Features
County Indian River
New Construction false
Property Type Commercial Sale
Status Active
City Sebastian
MLS Area 6351 - Sebastian (IR)
Tax Annual Amount 10378.52
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/1026-INDIAN-RIVER-Drive-Sebastian-FL/unbranded
Standard Status Active
Property Sub Type Additional Multi Family
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
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Interior
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Lot Features 1-2 Acres
Water Source Public Well
Total Parking 2
Lot Size Area 55173
Foundation Details Raised
Building Area Total 1855
Lot Size Acres 1.57
Road Frontage Type City Street Highway
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* Excluded Features
List By
Carlos Ors

Listing Agent

Affordability Calculator

$13,461
Per Month
94%
6%
0%
Monthly Principal & Interest
$12,597
Monthly Property Taxes
$865
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/22/2026$1,995,000 Listed Price

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1026 INDIAN RIVER Drive, Sebastian, FL, is a Commercial Property for sale at $1,995,000 with 1,855 sqft and a lot size of 1.57. 1026 INDIAN RIVER Drive was built in 1955. The property's zip code is which is in Sebastian, FL