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    OFF-MARKET
    Turn key restaurants

    4391 Dixie NE Hwy, Palm Bay, FL 32905-4344

    2,281 SF 0.3 ac lot Built 1920
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US18-5946071
    Property summary
    AI-generated overview

    This charming, two-story mixed-use building in Palm Bay, Florida, presents a unique investment opportunity. Located at 4391 Dixie Highway NE, this 1920-built property sits on a sizable 13,068 square foot lot (.3 acre). The building's Key West architectural style is evident in its vibrant exterior and tropical landscaping. Currently configured as a restaurant, the property boasts a warm and inviting interior with ample seating on both floors. The upper level provides additional dining space or potential for private events. A fully equipped commercial kitchen ensures smooth operations. The property's prime location on Dixie Highway NE in Brevard County (zip code 32905) offers high visibility and foot traffic, making it ideal for a thriving culinary business or a variety of other commercial ventures. The asking price is $1,030,000. This is a rare opportunity to acquire a well-maintained, historic building in a desirable location with significant potential. The property's size and location offer excellent potential for growth and return on investment. Don't miss this chance to own a piece of Palm Bay's history and vibrant commercial landscape.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1920
    Construction WOOD
    Total area 2,281 SF
    Lot 0.3 ac (13,068 SF)
    Zoning code HC
    APN 28-37-24-29-00000.0-0010.00
    UPID US18-5946071
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Azad Business Corp · 4 yrs held
    Azad Business Corp
    since 2021
    Last sale
    $189,400
    7 recorded transactions
    2024
    2021
    $189,400
    2017
    2014
    $230,000
    2011
    $50,000
    2008
    $100,000
    2008
    Zoning & alternative use
    HC · Palm Bay, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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