4500 Dixie HwyPalm Bay, FL 32905

Property Details for 4500 Dixie Hwy

Year built

1967

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.27 AC

Property size (Sq ft)

43,251 SF

Zone code

RMH

Property type

Retail properties

Property subtype

Strip malls

APN

28-37-24-76-00000.0-0023.00

APU

9223372036854775807

Description

Palm Bay Plaza, located at 4500 Dixie Hwy NE, Palm Bay, FL 32905, presents a unique commercial real estate opportunity. This 35,846 square foot property, built in 1967 and zoned RMH, offers flexible space ideal for various businesses. Currently, 7,448 square feet are vacant, divisible into units ranging from 647 to 6,801 contiguous square feet. The property sits on a 3.27-acre lot and is categorized as Retail, Office, and Restaurant space, with a Traditional Office and Storefront subtype. Multiple tenancies are available. The property is undergoing renovations to create a modern and functional space. This location benefits from its strategic placement in the Palm Bay submarket of Brevard County, Florida, and is poised to benefit from the development of over 800 nearby apartment units, ensuring a strong potential customer base. The property's diverse zoning and flexible space options make it suitable for a wide range of businesses seeking a prominent location in a growing community. Contact us today to learn more about this exciting investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $17,474,056

  6.5%

  $16,129,899

  7%

  $14,977,763

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,115,096

  Geo Method

  $17,115,096

• Alternative Use

  Use

  Valuation

  Residential

  $13,606,173

  Hospitality

  $12,463,181

  Educational

  $10,369,221

  Medical

  $10,725,834

  Retail

  $16,129,899

Location Insight

City

Palm Bay

County

Brevard

State

Florida

Latitude

28.0283

Longitude

-80.5769

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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