Property profile

4391 Dixie NE Hwy Palm Bay, FL 32905

OFF-MARKET
Turn key restaurants
Property ID
US18-5946071
2,281 SF 0.3 ac lot Built 1920
Entity Owned 4-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Restaurant
  • Restaurant

Location

4391 Dixie NE Hwy Palm Bay, FL 32905-4344
Palm Bay metro Census 65201 PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$230k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2021
Last sale
$189,400
7 recorded transactions
2024
Price N/A
2021
$189,400
2017
Price N/A
2014
$230,000
2011
$50,000
2008
$100,000
2008
Price N/A

Zoning & alternative use

HC · Palm Bay, FL
Zoning description

The intent of this district is to permit highway oriented businesses and regional scale facilities located along or near the intersection of major arterials and transportation nodes.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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