518 S Dixie Hwy - Storefront Retail/Residential FOR SALE


West Palm Beach, FL 33401- Downtown West Palm Beach
$9,000,000 USD
561-281-6656
518 S Dixie Hwy, West Palm Beach, FL for Sale
$9,000,000 USD
Storefront Retail/Residential - FOR SALE
1/29
null | Request Cap Rate

518 S Dixie Hwy
West Palm Beach, FL 33401
Downtown West Palm Beach


HIGHLIGHTS

  • Prime West Palm Beach Location: Highly visible ±9,000 square foot mixed-use building located along S. Dixie Highway.
  • In the heart of West Palm Beach’s rapidly expanding urban core and surrounded by significant new development.
  • High-Visibility Retail Frontage: Gourmet market retail space featuring prominent frontage along S. Dixie Highway.
  • Plug-and-Play Restaurant with 4-COP License: Turnkey restaurant space with an included 4-COP liquor license.
  • Multifamily Upside in Downtown West Palm Beach: Seven fully leased multifamily units offering mark-to-market potential.

OVERVIEW

On behalf of ownership, the Colliers | South Florida Investment Services Team, as exclusive agent, is pleased to offer for sale 518 S Dixie Highway (the “Property”), a ±9,000 square foot mixed-use investment prominently positioned at the corner of S. Dixie Highway and Hibiscus Street in one of Palm Beach County’s most active and rapidly evolving corridors. The Property features a turnkey restaurant with a 4-COP liquor license, gourmet market retail space, and seven multifamily units, creating a diversified income profile with multiple paths to value creation. The retail and restaurant components are immaculately maintained and offer an immediate plug-and-play opportunity for an owner/user restaurateur, while also appealing to investors seeking upside through retail and residential rent. Strategically located along South Dixie Highway, the Property benefits from excellent visibility, strong traffic counts, and proximity to downtown West Palm Beach, the Intracoastal Waterway, and surrounding residential neighborhoods. The multifamily units provide mark-to-market potential, allowing a buyer to enhance cash flow over time while benefiting from continued demand driven by West Palm Beach’s ongoing redevelopment and population growth. Overall, 518 S Dixie Highway represents a rare mixed-use offering that combines a turnkey restaurant component, neighborhood-serving retail, and residential upside in a high-demand urban location.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$1,000 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,839 SF

ZONING

QGD-10

APN/PARCEL ID

74-43-43-21-09-002-0120

ASK ABOUT THIS PROPERTY

Bastian SchauerColliersMore Info
561-281-6656

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

Bastian SchauerColliersMore Info
561-281-6656

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