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Island View Cottages 11450 S Indian River Dr 12 Room Hotel Sebastian, FL 32958 $4,081,000 CAD ($340,083 CAD/Room)
PROPERTY FACTS
| Price | $4,081,000 CAD | Lot Size | 1.61 AC |
| Price Per Room | $340,083 CAD | Building Size | 7,100 SF |
| Sale Type | Investment | No. Rooms | 12 |
| Sale Condition | Business Value Included | No. Stories | 1 |
| Property Type | Hospitality | Year Built/Renovated | 1950/2022 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | RM-6 - Currently zoned for hotel use. | ||
| Price | $4,081,000 CAD |
| Price Per Room | $340,083 CAD |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.61 AC |
| Building Size | 7,100 SF |
| No. Rooms | 12 |
| No. Stories | 1 |
| Year Built/Renovated | 1950/2022 |
| Corridor | Exterior |
| Zoning | RM-6 - Currently zoned for hotel use. |
AMENITIES
- Balcony
- High Speed Internet Access
- Patio
- Marina
- Destination Resort
- Bed & Breakfast
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Multi-Room Suites
ABOUT 11450 S INDIAN RIVER DR , SEBASTIAN, FL 32958
Sebastian, located in Indian River County in central Florida, is an established leisure travel destination that offers a blend of old Florida charm and modern amenities. Island View Cottages celebrates all the most enviable features of this market, with its superbly maintained native vegetation and grounds that meander through the Inn’s 1.61 acres to a flat grassy lawn (ideal for weddings and events or new construction) overlooking the Indian River and the Inn’s dedicated fishing pier with 8 boat slips. *The property currently operates as an 11-unit cottage colony with the 12th unit occupied by the onsite manager. You could not find a more ideal location in easy striking distance of the heart of Sebastian which is often described as Mayberry meets Key West. Island View Cottages was purpose built as a motel/cottage colony around 1950 and has retained its charm while receiving significant investment to improve its systems and facilities under current ownership. All guest rooms were renovated and redesigned under the guidance of interior designers with the supervision of the current ownership. All accommodations have private entrances, dining and kitchen/ette features and spacious common areas. Common areas include an abundance of outdoor seating, a fire pit, waterside tiki bar, and other functional spaces, most of which offer sensational water views. The grounds and landscaping are maintained at an impressive level. Interior common areas include the manager’s front desk and gift shop, and a screened porch that leads to the Inn’s primary common room which is used for small meetings and events. A large garage (currently used for storage and laundry facilities) sits between the front desk building and the meeting space and offers significant opportunities to add income producing or guest experience enhancing facilities (spa, dining, weddings/events supportive?). Guests of the Inn fit the typical leisure travel profile and the property’s location is well suited to answer their needs with direct access to Indian River Lagoon and an abundance of water related activities, in addition to being only half a mile from downtown Riverview Park with its public boat launch, and countless restaurants, activities and attractions. Beyond Sebastian’s notable parks, beaches, riverfront, historical points of interest, and other features, the market is easily reachable from some of Florida’s most popular destinations, including historic Dodgertown in Vero Beach (18 minutes / 12.8 miles south), Disney World Theme Parks (90 minutes / 103 miles north), Fort Lauderdale (2 hours / 138 miles south) and St. Augustine (2.5 hours / 166 miles north). *There are 12 Contact Eben Viens for more information at 802-380-7312 (call/text). Broker of Record: Re/Max Elite
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 4 | $385.97 CAD | - |
| Guest Room | 8 | $296.05 CAD | - |
PROPERTY TAXES
| Parcel Number | 31-39-08-00000-0010-00007.0 | Improvements Assessment | $829,141 CAD |
| Land Assessment | $868,407 CAD | Total Assessment | $1,697,548 CAD |
PROPERTY TAXES
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Island View Cottages | 11450 S Indian River Dr
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