726 S Fleming St $3,700,000

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    726 S Fleming St Sebastian, FL 32958

    Closed
    SOLD 11/20/2023

    $3,700,000

    • 48,000 sq. ft.
    • 0.22 Acres
    • Commercial
    • MLS# A11329917
    726 S Fleming St, Sebastian, FL 32958
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    Listing provided courtesy of: One Sotheby's International Realty
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    Property Details

    Description

    Rare opportunity to purchase a value-add 48,000 SF shopping center, on 7.1 acres of prime commercial land in Sebastian, Florida. Well maintained, national retail tenants with upside potential at substantially less than replacement cost. Tenants include Family Dollar, JJ Manning Pub, Sebastian Pool & Patio Supplies, Chinese Restaurant and more. Property is on 3 adjacent lots, fronting both Sebastian Blvd. and Fleming Street, in the heart of Sebastian - only 1 mile to Sebastian beaches and I-95. Currently the center has 2 vacancies - A Big Box space of 24,422 which was previously a bowling alley/amusement center and a second smaller space totaling 5,449 allowing a new owner to fill these 2 spaces and gain a significant upside. Upside potential to further develop on the 7.1 acres of surface

    Neighborhood

    32958 (Sebastian) Demographics

    58 Median Age
    893 Population Density (per sq. mile)
    37% College Educated
    $53,395 Estimated Median Income
    10,264 Estimated Total Home Owners
    2,150 Estimated Total Renters
    83% / 17% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    29,057 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $377,000 Median Sales Price
    46 Homes Sold
    46 New On Market

    Average Days on Site

      Properties for Sale
        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- New in Database Source: Multiple Listing Service New Value: $0 -100%
        11/20/2023 3:00:00 AM Sold Source: Multiple Listing Service New Value: $3,700,000
        10/2/2023 3:39:06 PM Status Changed Source: Multiple Listing Service New Value: Active Under Contract
        7/24/2023 1:53:19 PM Status Changed Source: Multiple Listing Service New Value: Active
        7/13/2023 9:22:23 AM Status Changed Source: Multiple Listing Service New Value: Active Under Contract
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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.