river park plaza

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FOR SALE

RIVER PARK PLAZA 13,150 +/- Square Feet 480 - 484 U.S. Highway 1, Sebastian, FL

CONTACT INFORMATION: NIKOLAUS M. SCHROTH tel 772 286 6292 fax 772 286 7535 [email protected] www.naisouthcoast.com The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

Property Information RIVER PARK PLAZA 480 - 484 U.S. Highway 1

Demographics 2011 Population  1 miles  3 miles  5 miles

2,239 18,607 30,086

Average Household Income  1 miles $ 47,212  3 miles $ 51,835  5 miles $ 55,748 Median Age  1 miles  3 miles  5 miles

52.4 52.4 53.0

 LOCATION:

480 - 484 U.S. Highway 1, Sebastian Indian River County, FL

 SITE SIZE:

81.893 ± Square Feet

 IMPROVEMENTS: 13,150 Square Foot Building - 3,000 SF 5 bay retail bldg. built 1987 - 2,750 SF restaurant bldg. built 1987 - 7,400 SF partially completed retail bldg. built 2007  FRONTAGE:

105± feet on U.S. Highway 1 233± feet backing up to River Park

 ZONING:

Commercial River Front, City of Sebastian CRA

 LAND USE:

Commercial River Front, City of Sebastian CRA

 UTILITIES:

Water & Sewer - City of Sebastian

 PRICE:

$499,000.00 ($37.95/SF)

 COMMENTS: This retail center is located in the heart of Sebastian with views of the Indian River. The property underwent an expansion in 2007 which was never completed. The 7,400 SF expansion building is presently in shell condition with dirt floors. Parking for this building also remains to be completed. There are two grease traps in place for the expansion building.

CONTACT INFORMATION: NIKOLAUS M. SCHROTH tel 772 286 6292 fax 772 286 7535 [email protected] www.naisouthcoast.com The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

City of Sebastian CRA RIVER PARK PLAZA 480 - 484 U.S. Highway 1

CRA Master Plan This community Redevelopment Master Plan is intended to guide the redevelopment of Sebastian’s downtown and adjacent areas delineated within the Community Redevelopment Agency (CRA) boundaries. The City originally created the CRA in 1995 for an area generally east of the FEC Railroad right-of -way to the eastern City limits, and subsequently adopted a redevelopment plan for that area. The purpose of this Plan is to address the changing conditions in the original CRA, and expand it to include a 106 acre area generally encompassing the “Sebastian Boulevard Triangle” west of the FEC Railroad right-of-way. The City of Sebastian created a CRA as a means to ensure that the downtown and surrounding vicinity would develop with a coherent community vision, and to encourage reinvestment throughout the CRA.

RIVER PARK PLAZA CONTACT INFORMATION: NIKOLAUS M. SCHROTH tel 772 286 6292 fax 772 286 7535 [email protected] www.naisouthcoast.com The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.

Location Maps RIVER PARK PLAZA 480 - 484 U.S. Highway 1 RIVER PARK PLAZA

CONTACT INFORMATION: NIKOLAUS M. SCHROTH tel 772 286 6292 fax 772 286 7535 [email protected] www.naisouthcoast.com The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease.