4845 Dixie Hwy NE - Restaurant FOR SALE


Palm Bay, FL 32905
$4,999,982 USD
321-345-3171
4845 Dixie Hwy NE, Palm Bay, FL for Sale
$4,999,982 USD
Restaurant - FOR SALE
1/36
null | Request Cap Rate

4845 Dixie Hwy NE
Palm Bay, FL 32905


HIGHLIGHTS

  • Direct Indian River Waterfront Location
  • Established Restaurant, Tiki Bar & Entertainment Destination
  • Prime US1 Frontage with Exceptional Visibility
  • Private Dock & Waterfront Infrastructure
  • Expansive Indoor & Outdoor Dining & Entertainment Areas
  • Potential Combined Area of Approximately 1.64 Acres

OVERVIEW

Direct Indian River waterfront opportunity featuring an established restaurant, tiki bar, live entertainment venue, and underlying real estate along highly visible US-1 in Palm Bay. The offering includes approximately 0.74 acres of waterfront real estate improved with a ±4,135 SF restaurant building, a ±1,557 SF secondary building currently utilized for storage and living quarters, expansive indoor and outdoor dining areas, and private dock infrastructure. The operation is an established local destination offering waterfront dining, a full-service tiki bar, and regular live entertainment. The sale includes the operating business, real estate, FF&E, and related business assets. An additional ±0.90-acre easement area approved for parking supports the operation and provides valuable additional parking capacity. This offering provides an opportunity for an owner-operator, hospitality group, or investor to acquire an established waterfront business together with the underlying real estate in Florida's growing Space Coast market. Confidential financial information is available to qualified buyers upon execution of an NDA. Investment Highlights: * Direct Indian River Waterfront * Established Restaurant, Tiki Bar & Live Entertainment Venue * Business & Real Estate Included * ±0.74 Acres of Owned Waterfront Real Estate * Additional ±0.90-Acre Easement Area Approved for Parking * ±4,135 SF Restaurant Building * ±1,557 SF Secondary Building * Private Dock & Waterfront Infrastructure * Expansive Indoor & Outdoor Dining Areas * High-Visibility US-1 Frontage * Extensive FF&E Included * Owner-Operated Business

FOR SALE DETAILS

PRICE

$4,999,982 USD

PRICE/SF

$938 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Waterfront Restaurant, Tiki Bar & Real Estate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.34 AC

LAND SF

58,547 SF

ZONING

HC

APN/PARCEL ID

28-38-30-00-00503.1-0000.00

ASK ABOUT THIS PROPERTY

Clara RodriguezEngel & Völkers Melbourne BeachsideMore Info
321-345-3171

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Clara RodriguezEngel & Völkers Melbourne BeachsideMore Info
321-345-3171

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.