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8525 US Highway 1
Sebastian, FL 32976

Sebastian River Marina and Boatyard · Speciality Property For Sale · 9,819 SF

Investment Highlights

  • Federally Designated "Opportunity Zone"
  • Deeded submerged land "fee simple" marina basin
  • Offers both "In Out" Dry storage and Wet slips for boats up to 60'
  • 3 miles from Sebastian Inlet with direct deepwater access to the ICW
  • Customer base draws from Melbourne, Palm Bay, Viera, Vero Beach, & as far away as Orlando
  • Robust boating community with great cruising atmosphere and waterfront destinations. Very high demand for boat slips and dry storage

PROPERTY FACTS

Property Type Speciality
Property Subtype
Marina
  • Specialty Shipyard
Building Class C
Lot Size 3.86 AC
Building Size 9,819 SF
Number of Floors 2
Year Built 1967

Amenities

  • Waterfront

About 8525 US Highway 1 , Sebastian, FL 32976

SVN is pleased to present the Sebastian River Marina and Boatyard located along the banks of the Indian River (ICW) and located in a federally designated "Opportunity Zone". This cash flowing marina has 580' linear feet of waterfrontage on the Indian River, and is just minutes by boat from renowned Sebastian Inlet. Sebastian River Marina offers both In Out dry storage along with wet slips for boats up to 60'. Options to expand dry storage include improving the configuration of existing outdoor racks, or developing the site into a new indoor hurricane rated dry storage barn that compliments the protected marina basin. Dry storage demand in the area exceeds the supply of inventory for available storage options. The marina includes entitlements for a waterfront restaurant that was once a thriving location. Plans are available to rebuild the restaurant with a 110 seat capacity, two story building, with both inside & outside dining. The marina basin is protected by an attached concrete seawall that is only possible given the marina's unique "fee simple" deeded submerged bottom rights. This is a rare feature for a marina that offers flexibility in permitting, dredging, and reconfiguring the marina basin to fit today's market. This fixed seawall system creates a calm water environment for the marina basin that is an attractrive feature for all boaters. The service yard is the only full service facility capable of hauling boats of this size for 30 miles in either direction. Direct ocean access is convenient via Sebastian Inlet, which lies just 3 miles to the East. Management has implemented a hurricane haul out plan that serves as safe storage during a named storm and is a consistent revenue source. This is an irreplaceable waterfront property that offers consistent cash flow, expansion opportunities, and tax incentives. With direct access to the first "blue water" inlet on Florida's East Coast, Sebastian River Marina and Boatyard is an exceptional Marina opportunity. You will not find another coastal marina investment opportunity like this throughout the State of Florida.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
30-38-14-00-00270.1-0000.00
Land Assessment
£357,501
Improvements Assessment
£367,856
Total Assessment
£725,358

zoning

Zoning Code BU-1 (Commercial)
BU-1 (Commercial)
  • Listing ID: 19063989

  • Date on Market: 31/03/2020

  • Last Updated:

  • Address: 8525 US Highway 1, Sebastian, FL 32976

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