4391 Dixie HwyPalm Bay, FL 32905
- Retail properties
- 2,281 SF
Property Details for 4391 Dixie Hwy
- Year built
- 1920
- Construction
- WOOD
- Lot size
- 0.30 AC
- Property size (Sq ft)
- 2,281 SF
- Zone code
- HC
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 28-37-24-29-00000.0-0010.00
- APU
- 9223372036854775807
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $921,558
- 6.5%
- $850,669
- 7%
- $789,907
-
Comparable approach
- Method
- Valuation
- Relative Method
- $902,627
- Geo Method
- $902,627
-
Alternative Use
- Use
- Valuation
- Residential
- $717,571
- Hospitality
- $657,292
- Educational
- $546,859
- Medical
- $565,666
- Retail
- $850,669
Location Insight
- City
- Palm Bay
- County
- Brevard
- State
- Florida
- Latitude
- 28.0315
- Longitude
- -80.5777
- CBSA code
- 37340
- CBSA name
- PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].