$262,500
Sebastian, FL 32958
MLS# 1022290
2 baths | 980 sqft
1 / 8
Property Description
Excellent opportunity to purchase a +/- 980 SF income producing medical office unit in Sebastian! Interior includes a reception/waiting room, 4 plumbed exam rooms, 1 office, lab and 2 restrooms. Mix of carpet/tile & drop ceiling throughout. Currently occupied by Pelican Pediatrics which has been in the unit since 2009. Landlord currently collecting $2,469.24/month. 3% annual rent escalators. Tenant's lease term expires 8/7/2028. Located within Zales Plaza which is strategically positioned directly across from the Orlando Health Sebastian River Medical Center. Convenient US1 frontage provides easy access to Brevard County, Wabasso Causeway and Vero Beach.
Details
Maps
Location, Tax, and Legal
Tax Account: 7299900
Parcel Number: 30382500017000000002.0
General County Location: North
Tax Annual Amount: 1604.05
Tax Year: 2023
Tax Legal Description: ZALES PLAZA UNIT 2 OR BK 927 PP 419
Directions: Starting on US1 drive south into Indian River County. Property is located on the east side of US1 directly across the street from the Orlando Health Sebastian River Medical Center. If you get to Bay Street then you have gone too far south.
General Property Information
Number Of Units Total: 1
Building Area Total: 980
Building Area Source: Appraiser
Association YN: Yes
Association Fee: 2180.96
Association Fee Frequency: Quarterly
Building Name: Zales Plaza
Water Body Access YN: No
Waterfront YN: No
Land Lease YN: No
List Price/SqFt: 267.86
Bathrooms Total: 2
Year Built: 1988
Remarks and Miscellaneous
Public Remarks: Excellent opportunity to purchase a +/- 980 SF income producing medical office unit in Sebastian! Interior includes a reception/waiting room, 4 plumbed exam rooms, 1 office, lab and 2 restrooms. Mix of carpet/tile & drop ceiling throughout. Currently occupied by Pelican Pediatrics which has been in the unit since 2009. Landlord currently collecting $2,469.24/month. 3% annual rent escalators. Tenant's lease term expires 8/7/2028. Located within Zales Plaza which is strategically positioned directly across from the Orlando Health Sebastian River Medical Center. Convenient US1 frontage provides easy access to Brevard County, Wabasso Causeway and Vero Beach.
Association Amenities
Trash: 1
Water: 1
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Current Use
Medical/Dental: 1
Flooring
Carpet: 1
Tile: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Other: 1
Parking Features
Parking Lot: 1
Road Frontage Type
Highway: 1
Sewer
Public Sewer: 1
Tenant Pays
Electricity: 1
Repairs: 1
Telephone: 1
Unit 1 Details
Unit ID: Medical
Annual Rent: 29630.88
Unit SqFt: 980
# Units (This Type): 1
Baths Total: 2
Furnished: Unfurnished
Unit Remarks: Income Producing Medical Condo
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Building Features
% Air Conditioned or Heated: 100
Med Plumbing: 1
Medical: 1
Office: 1
Private Restroom: 1
Public Restroom: 1
Rear Access: 1
Reception Area: 1
Separate Office Area: 1
Ceiling Type
Acoustic: 1
Location
Central Business District: 1
Showing Considerations
Occupied: 1
Sale Includes
Individual Unit Only: 1
Contract Information
Current Price: $262,500
Original List Price: 300000
List Price: $262,500
Status: Active
Listing Contract Date: 2024-08-15
Property Sub Type: Office
Location Tax and Legal
Street Number: 13832
Street Name: Us Highway 1
County: Indian River
State: FL
Postal Code: 32958
MLS Area Major: 904 - Indian River
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2026-06-26T12:49:14Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-06-26T12:49:14Z
Status Change Timestamp: 2025-08-19
Property Features
Association Amenities: Trash; Water
Building Features: Med Plumbing; Medical; Office; Private Restroom; Public Restroom; Rear Access; Reception Area; Separate Office Area
Ceiling Type: Acoustic
Construction Materials: Block; Concrete; Stucco
Cooling: Central Air
Current Use: Medical/Dental
Flooring: Carpet; Tile
Listing Terms: Cash; Conventional
Location: Central Business District
Lot Features: Other
Parking Features: Parking Lot
Road Frontage Type: Highway
Sale Includes: Individual Unit Only
Sewer: Public Sewer
Showing Considerations: Occupied
Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Tenant Pays: Electricity; Repairs; Telephone
Utilities: Electricity Connected; Sewer Connected; Water Connected
Water Source: Public
Listing Office: The Ullian Realty Corporation
Last Updated: June - 26 - 2026
Information is deemed to be reliable, but is not guaranteed.