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8855-8875 50th Ave 3.97 Acres of Residential Land Offered at $735,000 in Sebastian, FL 32958
Investment Highlights
- Location, Location, Traffic, High growth area
Executive Summary
County water & sewer available, as well as all other services. Super hi traffic count. Parcel ripe for office, storage, restaurant, medical and many other uses. 1 1/2 miles from the beach & barrier island, think of all those homes, businesses and needing service, whatever it maybe. Also Vero Municipal Airport has added Jet Blue, Breeze and American Airlines to their itinerary, as well as expanded parking. It is also the longtime home of Piper Aircraft. Existing tenants must pay for removal of mobile home, debris, disconnect all services, pump-out septic tank & use licensed & insured trades, it is their yearly lease. Copies of lease's and all related info will be supplied upon reasonable offer & contract.
Financial Summary (Actual - 2025) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$53,200
|
$13,400.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$53,200
|
$13,400.50
|
| Taxes |
$7,400
|
$1,863.98
|
| Operating Expenses |
$4,600
|
$1,158.69
|
| Total Expenses |
$12,000
|
$3,022.67
|
| Net Operating Income |
$41,200
|
$10,377.83
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $53,200 |
| Annual Per AC | $13,400.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $53,200 |
| Annual Per AC | $13,400.50 |
| Taxes | |
|---|---|
| Annual | $7,400 |
| Annual Per AC | $1,863.98 |
| Operating Expenses | |
|---|---|
| Annual | $4,600 |
| Annual Per AC | $1,158.69 |
| Total Expenses | |
|---|---|
| Annual | $12,000 |
| Annual Per AC | $3,022.67 |
| Net Operating Income | |
|---|---|
| Annual | $41,200 |
| Annual Per AC | $10,377.83 |
Property Facts
1 Lot Available
Lot 3 + 4
| Price | $735,000 | Lot Size | 3.97 AC |
| Price Per AC | $185,138.54 |
| Price | $735,000 |
| Price Per AC | $185,138.54 |
| Lot Size | 3.97 AC |
Existing Mobile Home Park 7 MHomes/1-2 story rental/1 vacant MH lot/1 vacant home lot up front/US1 frontage/Wabasso Corridor,high traffic & growth area/Zoned GC/next to CR510. Ripe for development.
Description
270 X 730,FLAT ground, county water &* sewer available, all services available, can use as income property or develop
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Total Assessment | $409,595 | |
| Land Assessment | $346,746 | Annual Taxes | $7,400 |
| Improvements Assessment | $62,849 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$346,746
Improvements Assessment
$62,849
Total Assessment
$409,595
Annual Taxes
$7,400
Tax Year
2025
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Presented by
Art Krieger Realty, Inc.
8855-8875 50th Ave
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