BreakThru Realty

1026 INDIAN RIVER Drive, Sebastian FL

$1,995,000 · $1,075 per sq ft · Multifamily for sale

  • Property type: Multi Family
  • Asking price: $1,995,000
  • Price per sq ft: $1,075
  • Building size: 1,855 sq ft
  • Lot size: 1.57 acres
  • Zoning: RM-8
  • Year built: 1955
  • Stories: 1
  • Parking spaces: 2
  • Parcel ID: 313906000000050000211
  • MLS#: B26055193
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About this property

Rare redevelopment opportunity in Sebastian's riverfront district. Offered together, 1104 US Highway 1 and 1026 Indian River Drive, approximately 1.57 acres with approximately 239.04 feet of US Highway 1 frontage and 170.34 feet of Indian River Drive frontage. RM-8 zoning, public water and sewer, irrigation well, river views, Intracoastal proximity and prominent corridor exposure. The property is vacant. Improvements include a 933-square-foot, 1-bedroom/1-bath concrete-block residence and 448-square-foot accessory structure at 1104, per public records. The 1026 parcel includes 1-bedroom/1-bath and 2-bedroom/2-bath units. All improvements convey. Value is primarily in the land and redevelopment potential. Buyer to verify all information. The existing improvements comprise four residential units, offering potential flexibility during a buyer's planning and evaluation period. The unit mix includes a 2-bedroom/2-bath residence and a 1-bedroom/1-bath residence at 1026 Indian River Drive, together with a 1-bedroom/1-bath residence and studio at 1104 U.S. Highway 1. Buyers should independently verify unit configurations, permits, lawful use, occupancy, leases, rental history, expenses and the ability to continue any existing use. The applicable U.S. Highway 1 corridor recorded approximately 30,500 vehicles per day according to 2025 FDOT Annual Average Daily Traffic data, providing substantial daily visibility within one of Sebastian's principal travel corridors. The surrounding area delivers the coastal lifestyle that continues to draw residents, seasonal visitors and outdoor enthusiasts to Sebastian. The Indian River Lagoon supports boating, paddling, kayaking, paddleboarding, wildlife viewing and scenic days on the water. Approximately 20 minutes away, Sebastian Inlet State Park connects the lagoon with the Atlantic Ocean and is celebrated for surfing, beaches and world-class saltwater fishing. Local waters are known for snook, redfish, bluefish and Spanish mackerel; a 45-pound, 12-ounce Florida-record snook was caught near Sebastian, according to the Florida Fish and Wildlife Conservation. Nearby attractions add dining, entertainment and visitor appeal throughout the year. Capt Hirams Resort combines a marina, lodging, dining and live music in a tropical setting. Earl's Hideaway Lounge & Tiki Bar is a long-established destination for live performances and motorcycle enthusiasts, while Tiki Bar & Grill offers lagoon-side dining and dock access. Riverview Park hosts festivals, concerts, markets and community gatherings, with scenic walkways extending along the riverfront. Local restaurants, marinas, boat ramps, nature trails, independent shops and nearby Atlantic beaches round out an area built around recreation, music and life on the water. The properties offer river views and convenient access to the Indian River Lagoon but are not represented as waterfront. All unit, traffic, access, use, entitlement and development information should be independently verified by the buyer.

Building Features and Utilities

  • Other
  • Sewer Connected
  • Water Connected
  • Frame
  • Vinyl Siding

Operating Statement

Property taxes$10,379/yr

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

The Core Team Co · ralphharvey3@yahoo.com · Listing agent: Carlos Ors

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 1026 INDIAN RIVER Drive or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 1026 INDIAN RIVER Drive

How much is 1026 INDIAN RIVER Drive?
1026 INDIAN RIVER Drive is listed at $1,995,000, about $1,075 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 1026 INDIAN RIVER Drive zoned?
The listing reports zoning of RM-8. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 1026 INDIAN RIVER Drive?
The listing reports 1,855 square feet of building.
When was 1026 INDIAN RIVER Drive built?
1026 INDIAN RIVER Drive was built in 1955. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 1026 INDIAN RIVER Drive?
The listing reports annual property taxes of $10,379 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 1026 INDIAN RIVER Drive?
Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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