Property summary
This exceptional mixed-use property, located at 5909 S Dixie Highway in West Palm Beach, Florida, presents a unique investment opportunity. The 3,601 square foot building, constructed in 1952, boasts a prime location in the desirable SoSo district, situated between Palmetto Street and Churchill Road, adjacent to a Carvel ice cream shop. The main building, facing South Dixie Highway, currently houses a salon occupying 1,530 square feet, complete with two half-baths and two convenient front entrances. A new air conditioning unit was installed in 2024. Upstairs, a two-bedroom, two-bathroom apartment features attractive wood flooring, eight impact windows, two entrances, and a private rooftop terrace. A separate building at the rear of the property offers an additional 1,111 square feet of space, including a covered patio, a 2017 gas water heater, a half-bath, and roll-down shutters. Access to both the apartment and the rear building is secured by a gated entrance. The entire property has been meticulously maintained and benefits from excellent visibility and high traffic volume in a sought-after neighborhood. The property is offered at $1,850,000 and consists of three units. This is an ideal opportunity for investors seeking a versatile property in a thriving location. The lot size is not specified.
Property profile
VerifiedCap rate & NOI
Current use
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Hair Salon Nail Salon
Location
Value estimations
Owner & transaction history
Zoning & alternative use
. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (OC) district. Sec. 94-144. - Neighborhood commercial (…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
NC · West Palm Beach, FL. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (OC) district. Sec. 94-144. - Neighborhood commercial (…
Zoning
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Zoning designation
Official district profile
. 94-136-94-140. - Reserved. ARTICLE V. - COMMERCIAL DISTRICTS Sec. 94-141. - Intent. Sec. 94-142. - General development standards. Sec. 94-143. - Office commercial (OC) district. Sec. 94-144. - Neighborhood commercial (…
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