For Sale
$5,999,982

4845 Dixie HwyPalm Bay, FL 32905

Successful restaurant & tiki bar, high cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional waterfront retail property, located at 4845 Dixie Highway NE in Palm Bay, Florida (zip code 32905), presents a lucrative investment opportunity. The property, built in 1956, boasts a substantial 32,234.4 square foot lot and features two units, currently operating as a thriving restaurant and large tiki bar. The business enjoys a strong positive cash flow, offering immediate return on investment. Significant expansion potential exists, with ample space for outdoor event areas and further development of the existing beach area. The property includes a convenient on-site residence for a handyman, along with extensive storage facilities. Further enhancing its appeal is an existing easement for valet parking across the street, ensuring convenient guest access. Permits for a dock have already been filed, adding to the property's waterfront appeal. The single-story building offers a unique blend of established business and significant growth opportunities in a desirable beachfront location. This is a rare chance to acquire a turnkey operation with substantial upside potential in a high-demand area.

Highlights

  • Exceptional waterfront retail property at 4845 Dixie Highway NE, Palm Bay, FL 32905.
  • 32,234.4 sq ft lot with two units: a restaurant and tiki bar, generating strong positive cash flow.
  • Significant expansion potential with space for outdoor events and beach area development.
  • Includes on-site residence and extensive storage.
  • Valet parking easement across the street and permits filed for a dock.
  • Single-story building offering a turnkey operation with high upside potential.

Property Details for 4845 Dixie Hwy

Property type
Retail properties
Year Built
1956
Stories
1
Units
2

Location Insight

City
Palm Bay
County
Brevard
State
Florida
Latitude
28.0190217
Longitude
-80.5703693
4845 Dixie Hwy, Palm Bay, Florida

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4845 Dixie Hwy
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