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13832 US Highway 1 - Income Producing Medical Condo 980 SF Medical Condo Unit Offered at $277,500 in Sebastian, FL 32958

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INVESTMENT HIGHLIGHTS

  • Reception/Waiting Room, 4 Plumbed Exam Rooms, 1 Office, Lab, 2 Restrooms
  • Term Expires 8/7/2028. LL Pays Base Year Taxes. Tenant Pays Tax Increases + Interior Contents Insurance
  • City Water/Sewer Included in Association Dues; FPL Electric Paid by Tenant
  • LL Collects $2,469.24/month. 3% Annual Rent Escalators
  • Tenant Pays Interior Maintenance (LL Pays HVAC Above $250/service call)
  • Est. 2025 Association Dues $2,424.31/Quarter

EXECUTIVE SUMMARY

Located at the northern boundary of Indian River County. Property is adjacent to a variety of medical practices and is strategically positioned directly across from the Sebastian River Medical Center. Convenient US1 frontage provides easy access to Brevard County, Wabasso Causeway and Vero Beach. Call today for details!

PROPERTY FACTS

Total Building Size 11,760 SF
Property Type Office (Condo)
Property Subtype Medical
Building Class B
Floors 1
Typical Floor Size 11,760 SF
Year Built 1988
Lot Size 1.95 AC
Parking Ratio 6.89/1,000 SF
Zoning CL - Indian River County Limited Commercial District (CL)

AMENITIES

  • Signage
  • Reception
  • Drop Ceiling
  • Air Conditioning

1 UNIT AVAILABLE

Unit 13832

Unit Size 980 SF
Price $277,500
Price Per SF $283.16
Condo Use Medical
Sale Type Investment or Owner User
No. Parking Spaces 81
APN/Parcel ID 30-38-25-00017-0000-00002.0
DESCRIPTION

  • City Water/Sewer Included in Association Dues.
  • Est. 2025 Association Dues are $2,424.31/Quarter.
    81 Paved/Striped/Lighted Concrete Common Parking Spaces at Plaza.

SALE NOTES

  • Reception/Waiting Room, 4 Plumbed Exam Rooms, 1 Office, Lab, 2 Restrooms.
  • Mix of Carpet/Tile & Drop Ceiling Throughout. New HVAC Unit 2020.
  • LL Collects $2,469.24/month. 3% Annual Rent Escalator. Term Expires 8/7/2028.
  • LL Pays Base Year Taxes. Tenant Pays Property Tax Increases + Interior Contents Insurance.
  • Tenant Handles Interior Maintenance (LL Covers HVAC Above $250/service call).
  • FPL Electric Paid by Tenant.
    DO NOT DISTURB OCCUPANT.

  • Listing ID: 32823879

  • Date on Market: 8/15/2024

  • Last Updated:

  • Address: 13832 US Highway 1, Sebastian, FL 32958

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