4391 Dixie HwyPalm Bay, FL 32905

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $691,760

  6.5%

  $638,548

  7%

  $592,937

• Comparable approach

  Method

  Valuation

  Relative Method

  $372,513

  Geo Method

  $372,513

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,216,840

  Mixed-Use / Specialty

  $647,744

  Hospitality / Lodging

  $490,166

  Office

  $655,845

  Institutional / Educational

  $677,493

  Residential Income

  $792,666

  Multifamily

  $887,080

  Automotive / Energy

  $580,708

  Parking / Income-Based Land

  $189,061

  Restaurant / Food Service

  $361,381

  Healthcare / Senior Housing

  $652,484

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

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