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
48,000 Sq Ft
0.22 Private Acres Exterior Space
Commercial
$2,956 Annual Tax
Built in 1992
MLS/Listing ID A11329917
Chesser's Gap Shopping Center
Listing Courtesy of ONE SOTHEBY'S INTERNATIONAL REALTY, MANUEL CHAMIZO III - 786-453-3171
Source of Data: MIAMI ASSOCIATION OF REALTORS