11450 S Indian River DR Active Save Request In-Person Tour Request Virtual Tour
Sebastian,FL 32958
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 7,938 sqft
Price per Sqft $371
MLS Listing ID 1046251
HOA Y/N No
Total Fin. Sqft 7938
Year Built 1950
Annual Tax Amount $17,995
Tax Year 2024
Lot Size 1.610 Acres
Acres 1.61
Property Sub-Type Hotel/Motel
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
Island View Cottages celebrates all the most enviable features of its charming coastal market, with its well-maintained native vegetation and grounds that meander through the Inn's 1.61 acres to a flat grassy lawn (ideal for weddings and events or new construction) overlooking the Indian River and the Inn's dedicated fishing pier with 8 boat slips. The property currently operates as an 11-unit Inn with the 12th unit occupied by the manager/Innkeeper, 15 + beds & 13 baths. You could not find a more ideal location within easy striking distance of the heart of Sebastian which is often described as Mayberry meets Key West. Guests of the Inn fit the typical leisure travel profile and the property's location is well suited to answer their needs with direct access to Indian River Lagoon and an abundance of water related activities, in addition to being only half a mile from downtown Riverview Park with its public boat launch, and countless restaurants, activities and attractions.
Location
State FL
County Indian River
Area 904 - Indian River
Direction US 1 to Main St to Indian River Drive
Body of Water Indian River
Interior
Heating Electric,Varies by Unit
Cooling Ceiling Fan(s),Electric,Varies by Unit,Wall Unit(s),Wall/Window Unit(s)
Flooring Laminate,Tile,Vinyl
Inclusions Furniture, Fixtures and Equipment, Business with Real Estate
Exterior
Exterior Feature ExteriorFeatures
Parking Features Additional Parking,Assigned,Off Street
Fence Fenced
Utilities Available Cable Available,Electricity Connected,Sewer Connected,Water Connected,Propane
Waterfront Description Navigable Water,River Access,River Front,Intracoastal
Roof Type Shingle
Present Use Hotel/Motel,Residential
Road Frontage County Road
Garage No
Building
Lot Description Few Trees,Other
Sewer Public Sewer
Water Public
Others
Senior Community No
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/spc/1046251