1614 Us Highway 1, Sebastian, FL 32958 (MLS# R11134668)

1614 Us Highway 1, Sebastian, FL 32958

$1,100,000

Property Type: Commercial Sale Square Footage: 4,534 Status: Active

Current Price: $1,100,000 List Date: 10/23/2025 Last Modified: 3/25/2026

Overview

Description

Riverwalk Village Plaza is conveniently situated on the north side of Vero Beach, making it a solid investment. There are six retail storefronts and/or offices, and six bathrooms. Currently, two of the six are combined into four leased storefronts. All leases are up for renewal in 2027. The building is well-built, CBS-Constructed, with a steel Roof. The Plaza has been well-maintained. Riverwalk Village is located in the quaint Indian Riverfront Village of Sebastian, FL, a boating and fishing family community and popular destination. It is accessible to the ocean through the Sebastian Inlet.

Listing Details MLS# R11134668

General Property Information

Number Of Buildings: Yes
Property Sub Type: Retail
Occupant Type: Tenant
Building Area Main: 4534
Building Area Source: Public Records
Year Built: 1998
Lot Size Area: 23086.8
Lot Size Acres: 0.53
Stories: Yes

Property Features

Building Features: Free Standing Business Type: Commercial; Retail Documents Available: Aerial Photo(s); Copy Of Lease(s); Deed Electric: Three Phase Flooring: Other Heating: Central Individual; Electric Location of Property: Beach Access Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building; Land Source Of Expenses: Books Tenant Pays: Cable TV; Sewer; Water Construction Materials: CBS; Concrete Cooling: Central Individual Listing Terms: Cash; Conventional; Owner May Carry Roof: Aluminum Security Features: Smoke Detector(s) Sewer: Public Sewer Special Information: Title Insurance Policy Available Structure Type: Office Utilities: Cable Available Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Occupied Occupant Details: Tenant Occupied Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN: No
Listing Contract Date: 2025-10-22
Original List Price: 1100000
Negotiable Seller Concessions YN: Yes
Listing Service: Full Service
Seller Represented YN: Yes

Location and Legal

Country: United States
County Or Parish: Indian River
County Parish Name: Indian River
Street Number: 1614
Street Name: Us Highway 1
City Name: Sebastian
State Or Province: FL
Postal Code: 32958
Area: 5940 - Other Florida County
Geographic Area: Other
Parcel Number: 30382100001999900029.0
Zoning: CR
Directions: On US 1 North of Vero Beach in Sebastian on the east of US 1
Property Description: Plaza

Financial Information

Tax Annual Amount: 6045.02
Tax Year: 2025
Tax Legal Description: PLAT OF WAUREGAN ON FLEMING GRANT PBB 1-75 BEING MORE PART DESC AS FOLL COM AT THE INT OF THE E R/W LINE OF NEW US HWY

Remarks and Miscellaneous

Public Historical Remarks: Building Type: Y

More Information

Status Change Information

Major Change Timestamp: 2025-10-23T14:42:41Z
Major Change Type: New Listing
Status Change Date: 2025-10-23

Building and Property Details

# Of Offices: 4
# Of Tenants: 4
# Of Toilets: 6
% Air Conditioned: 100
Interior Ceiling Height: 9
Maximum Ceiling Height: 9

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 5
Separate Gas Meters YN: No
Separate Water Meters YN: No

Income and Expenses

Gross Income: 79110
Net Operating Income: 58465
Operating Expense: 20645
Total Expenses: 20646

Description of Unit Type 1

Unit Type: Shop(s)
Units Total: Yes
Full Baths: Yes
Annual Rent: 14400

Description of Unit Type 2

Unit Type: Shop(s)
Units Total: Yes
Full Baths: Yes
Annual Rent: 10710

Description of Unit Type 3

Unit Type: Shop(s)
Units Total: 2
Full Baths: 2
Annual Rent: 26400

Description of Unit Type 4

Unit Type: Shop(s)
Units Total: 2
Full Baths: 2
Annual Rent: 27600

Showing Details

Pet(s) on Premises: No

Price Calculations

Current Price To SqFt: 242.61

Originating Details

Originating System Key: 20251022150925130312000000
Originating System ID: M00000170

Currently Not Used

Number Of Units Total: 4

Office/Member Information

DXORIGMLSID: RML

Electric

Three Phase: Yes

Flooring

Other: Yes

Property Condition

Resale: Yes

Documents Available

Aerial Photo(s): Yes
Copy Of Lease(s): Yes
Deed: Yes
Photos: Yes

Structure Type

Office: Yes

Tenant Pays

Cable TV: Yes
Sewer: Yes
Water: Yes

Location of Property

Beach Access: Yes

Possession

Close Of Escrow: Yes

Sewer

Public Sewer: Yes

Special Information

Title Insurance Policy Available: Yes

Utilities

Cable Available: Yes

Building Features

Free Standing: Yes

Business Type

Commercial: Yes
Retail: Yes

Heating

Central Individual: Yes
Electric: Yes

Sale Includes

Building: Yes
Land: Yes

Construction Materials

CBS: Yes
Concrete: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Owner May Carry: Yes

Roof

Aluminum: Yes

Security Features

Smoke Detector(s): Yes

Water Source

Public: Yes

Source Of Expenses

Books: Yes

Cooling

Central Individual: Yes
Electric: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
Occupied: Yes

Occupant Details

Tenant Occupied: Yes

Acreage Description

1/2 To Less Than 1 Acre Lot: Yes
Less Than 1 Acre Lot: Yes

Listing Office: Real Estate of Florida

Last Updated: March - 25 - 2026

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