Sebastian - US1 & Schumann Drive
LOCATED AT SIGNALIZED INTERSECTION - US ROUTE 1
VERO BEACH COMMERCIAL REAL ESTATE
TRAFFIC FLOW TO SITE - INGRESS / EGRESS
Interested in This Property? Please Contact Our Partners at Retail Solutions Advisors
A Business Investment Opportunity for Retail Trade - What Makes The Intersection of US1 & Schumann Drive a Cross-Road for Commercial Real Estate
Sebastian and Vero Beach's retail real estate market presents an array of exciting opportunities for businesses looking to tap into the affluent Top Tier market. With residents earning more than three times the US household income, this wealthy demographic possesses immense purchasing power, making it a prime target for retailers seeking to establish a presence in Indian River County.
The property offering will delve into the unique characteristics and preferences of the Sebastian / Vero Beach market, exploring site specifics, housing trends and local life including in tourism. By understanding the desires and expectations of this discerning clientele, retailers can position themselves to capitalize on the lucrative opportunities within the Sebastian and Vero Beach retail real estate landscape.
Getting the Most Out of a Major Signalized Intersection
Located in Sebastian, FL, the subject property at the corner of US Highway 1 and Schumann Drive offers a strategic position for commercial development. This 2-acre site is prominently situated at a hard corner of a lighted intersection, ensuring excellent visibility and access. The property is zoned for general commercial use, which accommodates a variety of general retail including Cstore with fuel pumps, quick-service restaurants (QSR), sit down restaurants, and medical (urgent care) pad.
Key Features and Nearby Infrastructure
Zoning and Usage: The property's commercial zoning supports diverse business opportunities, enhancing its appeal to potential investors and developers.
Accessibility: Its location on US Highway 1, a major north-south route that serves as a historic business corridor, provides significant traffic and accessibility.
3. Connectivity: Proximity to major roads such as State Road 60 and County Road 512 facilitates easy access to regional hubs like Vero Beach extends west to the Tampa Bay area. The nearby Sebastian Municipal Airport and Vero Beach Regional Airport, which was named the #1 General Aviation Airport in FL, further highlight the area's connectivity.
Strategic Importance
Economic Hubs: The property is within driving distance of major ports like Port Canaveral and Port Everglades, which are vital for both the cruise and cargo industries.
Rail Access: The presence of the Florida East Coast Railroad enhances logistical efficiencies, running through Indian River County and connecting to broader rail networks.
Population Access: Indian River County's strategic location puts it within a 3-hour drive of 90% of Florida’s population, offering access to nearly 19 million potential customers.
This combination of features makes the property at 10699 US Highway 1 a prime location for developing a thriving commercial hub, leveraging the heavy traffic flow and the area’s robust transportation infrastructure.
A Snapshot of the Sebastian Housing Market
In April 2024, the Sebastian housing market demonstrated subtle yet notable changes. The median home sold price reached $360,000, marking a 1.2% increase from the previous year. This increment is mirrored in the price per square foot, which stood at $223.
Detailed Price Analysis by Bedroom Type
One Bedroom Homes: Prices remained stable with no year-over-year change.
Two Bedroom Homes: Experienced a modest increase of 1%.
Three Bedroom Homes: Saw a slight rise of 0.4%.
Four Bedroom Homes: Prices stayed consistent, showing no change from the previous year.
Five or More Bedroom Homes: Notably decreased by 11%.
Inventory Dynamics
April 2024 saw a total of 302 homes listed for sale in Sebastian, which is a 4.5% increase compared to March 2024. The breakdown of available homes by bedroom type was as follows:
One Bedroom: 1 home
Two Bedrooms: 66 homes
Three Bedrooms: 168 homes
Four Bedrooms: 59 homes
Five or More Bedrooms: 8 homes
This data indicates a diverse range of options for potential buyers, reflecting a dynamic real estate market that caters to various needs and preferences.
Accommodations for Visitors to the Area
Indian River County is a treasure trove of attractions and experiences for visitors to enjoy. From museums and visitor centers to eco-tourism adventures, there's something for everyone in this beautiful part of Florida. Whether you're looking for a luxurious resort, a cozy vacation rental, or a rustic campground, Indian River County has you covered. Choose from a variety of options to suit your preferences and budget:
Resorts and hotels
Vacation rentals and condos
Campgrounds and RV parks
Accessibility
Indian River County is committed to making its attractions and amenities accessible to all visitors, with resources available for travelers with disabilities.
Fun For All In Sebastian
Sebastian and Indian River County offer a wealth of attractions for visitors to explore. From pristine beaches and nature preserves to fascinating museums and family-friendly activities, there's something for everyone in this charming area of Florida.
Outdoor Adventures
Sebastian Inlet State Park
Premier fishing and surfing destination
Beautiful beaches and nature trails
Pelican Island National Wildlife Refuge
Country's first national wildlife refuge
Hiking and walking trails
ADA-accessible observation tower and boardwalk
Sebastian Riverfront
Plentiful fishing and boating opportunities
Top-notch waterfront dining
Popular beach bars and breweries
Live music and entertainment
From outdoor adventures to cultural experiences, Sebastian and Indian River County have something to offer for every type of traveler.
Cultural and Community Events
Indian River County is a vibrant community that celebrates its rich cultural heritage and diverse population through a variety of events and festivals throughout the year. From food festivals showcasing local flavors to music events and art exhibitions, there's always something exciting happening in Sebastian and the surrounding areas.
Riverview Park serves as the main gathering space for the city, hosting a wide range of events that bring the community together:
River Days & Craft Brew Hullabaloo
Sebastian Riverfront Fine Arts + Music Festival
Annual Sebastian Clambake
Families with young children can beat the heat and enjoy hours of fun at the Splash Pad located in Riverview Park. This interactive water feature is a favorite among locals and visitors alike, providing a refreshing respite from the Florida sun.
Sebastian - An Eclectic & Vibrant Community
What makes Sebastian a destination worth visiting?
Sebastian, Florida is a desirable destination due to its proximity to several picturesque natural attractions, including Pelican Island National Wildlife Refuge, Sebastian Inlet State Park, and St. Sebastian River Preserve State Park. These spots are popular with both residents and visitors for their beauty and recreational opportunities.
Can you describe the crime rate in Sebastian, Florida?
The crime rate in Sebastian, Florida is approximately 10 incidents per 1,000 residents, placing it around the average compared to other American cities and towns of all sizes. Based on FBI crime data analysis, the likelihood of becoming a victim of crime in Sebastian is 1 in 103.
Is there a downtown area in Sebastian, Florida?
Yes, Sebastian has a downtown area. It is home to a variety of shops and businesses that create a unique and inviting atmosphere for visitors and locals alike to explore and enjoy.
Why is Indian River County well-known?
Indian River County is renowned for being the starting point of Florida's Treasure Coast. It boasts extensive, peaceful beaches and is historically famous for the treasure that litters the ocean floor, originating from a fleet of ships laden with silver and gold that sank during a storm in 1715.