$499,999
Sebastian, FL 32958
MLS# B26069241
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Property Description
RARE RESIDENTIAL + COMMERCIAL OPPORTUNITY IN SEBASTIAN! Bring your vision to 1654 N Central Avenue, a unique vacant-land opportunity located in Sebastian's distinctive riverfront area. Featuring Commercial Waterfront Residential (CWR) zoning and a Riverfront Mixed-Use Future Land Use designation, this property offers exceptional versatility for homeowners, builders, investors, entrepreneurs and developers. The CWR district is designed to accommodate a mixture of residential, commercial and recreational uses. Permitted uses include single-family, duplex and multiple-family residential development up to 8 units per acre, as well as certain retail, restaurant, marina and marine-related uses, subject to applicable development standards. Certain additional uses, including hotel/motel and
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2026-08-26
Status: Active
Original List Price: 499999
List Price: $499,999
Current Price: $499,999
Negotiable Seller Concessions YN: No
Listing Service: Full Service
Seller Represented YN: Yes
LP/Acre: 503828.09
LP/Frontage: 2890.17
Location and Legal
Country: United States
County Or Parish: Indian River
County Parish Name: Indian River
Street Number: 1654
Street Direction Prefix: N
Street Name: CENTRAL
Street Suffix: Avenue
City Name: Sebastian
Municipality Type: Incorporated
State Or Province: FL
Postal Code: 32958
Postal Zip: 32958
Subdivision Name: PLAT OF WAUREGAN
Area: 6351 - Sebastian (IR)
Geographic Area: INRV - Indian River
Elementary School: Sebastian
Middle Or Junior School: Sebastian River
High School: Sebastian River
Parcel Number: 303821000019999000130
Subdivision Number: 10000
Zoning: CWR
Flood Zone: X
County Land Use: 10
General Property Information
Transaction Type: Listing For Sale
Property Sub Type: Unimproved Land
Lot Size Acres: 0.99
Lot Size Square Feet: 43228
Lot Size Dimensions: 173.0 ft x 268.0 ft
Lot Depth: 268
Property Description: VACANT COMMERCIAL
Gated Community YN: No
Lot Frontage: 173
Land Lease YN: No
Recreation Lease YN: No
Direction Faces: West
LP/Assessed Value: 2.92
LP/SqFt: 11.57
Financial Information
Master Association YN: No
Membership Fee Required YN: No
Tax Year: 2025
Tax Annual Amount: 3058.31
Tax Assessed/SOH Value: 171366
Tax Legal Description: PLAT OF WAUREGAN ON FLEMING GRANT PBB 1 - 75 BEG AT A POINT WHICH IS N83-2W FOR A DIS OF 102.2 FT FROM A NAIL IN THE ROOT OF A PINE TREE ON
Assessor Market Value: 296912
Application Fee Details
Application Fee Required: No
Boat and Dock Information
Dock: No
Status Change Information
Major Change Timestamp: 2026-08-27T20:22:55Z
Major Change Type: New Listing
Status Change Date: 2026-08-27
Originating Details
Originating System Key: 20260827011036703566000000
Originating System ID: M00000170
Property Features
Comprehensive Plan Use: Other
Current Use: Commercial; Vacant
Development Status: Raw Land
Documents Available: Enviro. Aud-PH1; Other Available Information; Survey
Environmental Audit: Phase 1
Land Fill: Fill Unknown
Location of Property: City Location; Inside Lot; Other
Possession: Close Of Escrow
Possible Use: Commercial; Development; Investment; Mixed Use; Residential; Retail; Single Family; Vacant; See Remarks
Sewer: Public Sewer
Special Listing Conditions: Standard
Trees: Other
Utilities: Sewer Available; Water Available
Vegetation: Brush
Listing Terms: Cash; Conventional
Lot Features: Interior Lot; Irregular Lot; Many Trees
Road Frontage Type: City Street; East of US-1
Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt
Rail Description: No Rail Service
Tax Information: City/County; Land Only; No Homestead
Water Source: Public
Showing Requirements: Call Listing Agent; Sign On Property; Text Listing Agent
Elevation Description: 0-5 Feet Above Sea Level
Acreage Description: 1/2 To Less Than 1 Acre Lot; Less Than 1 Acre Lot
Supplements
bed-and-breakfast, may be considered as conditional uses subject to City approval. Located within the Riverfront Overlay District, the property is conveniently positioned near US-1, Sebastian's waterfront, marinas, restaurants and the charm of this Old Florida riverfront community. The sellers have completed substantial due diligence with documentation available for review, including survey and environmental information. Whether your vision is residential, commercial or investment-oriented, this is more than vacant land — it's an opportunity to bring a vision to life in one of Sebastian's unique mixed-use locations. Buyer and Buyer's Agent are responsible for conducting their own due diligence and independently verifying all information material to Buyer's intended use, including but not limited to zoning, permitted and conditional uses, density, development requirements, setbacks, utilities, environmental conditions, impact fees and all required governmental approvals. Bring your vision and explore the possibilities!
Listing Office: CGI Realty
Last Updated: September - 12 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
