4400 Dixie NE Hwy Palm Bay, FL 32905-4334
This exceptional 6.36-acre waterfront campus in Palm Bay, Florida, presents a unique mixed-use investment opportunity. The property boasts two buildings totaling 39,234 square feet, strategically located on US Highway 1 (Dixie Hwy) with over 850 feet of waterfront frontage. The main building, encompassing 29,617 square feet, has undergone recent renovations, featuring 70% office space and 30% shell space ready for customization. The second building, a 9,657 square foot shell, currently serves as storage. The property offers ample parking with two separate lots, allowing for expansion. Approved uses include high-density multifamily, corporate/medical offices, retail, and hospitality, aligning perfectly with the Bayfront Village's vision for a pedestrian-friendly, mixed-use community. The property is zoned BMU and features a 12-foot ceiling height in the renovated building. Its prime location along US-1 ensures high visibility and accessibility, with an estimated 22,000 vehicles passing daily. The asking price is $4,950,000, translating to $126.17 per square foot. This presents a compelling investment opportunity within a thriving community poised for significant growth, situated within the Bayfront Community Development District. A nearby planned 370-unit multifamily project further underscores the area's development potential. The property's APN is 28-37-24-29-00000.0-0006.00. The address is 4400 Dixie Hwy NE, Palm Bay, FL 32905.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
HC · Palm Bay, FLPalm Bay. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.