For Sale
$4,950,000

4400 Dixie HwyPalm Bay, FL 32905

Palm Bay Waterfront Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional 6.36-acre waterfront campus in Palm Bay, Florida, presents a unique mixed-use investment opportunity. The property boasts two buildings totaling 39,234 square feet, strategically located on US Highway 1 (Dixie Hwy) with over 850 feet of waterfront frontage. The main building, encompassing 29,617 square feet, has undergone recent renovations, featuring 70% office space and 30% shell space ready for customization. The second building, a 9,657 square foot shell, currently serves as storage. The property offers ample parking with two separate lots, allowing for expansion. Approved uses include high-density multifamily, corporate/medical offices, retail, and hospitality, aligning perfectly with the Bayfront Village's vision for a pedestrian-friendly, mixed-use community. The property is zoned BMU and features a 12-foot ceiling height in the renovated building. Its prime location along US-1 ensures high visibility and accessibility, with an estimated 22,000 vehicles passing daily. The asking price is $4,950,000, translating to $126.17 per square foot. This presents a compelling investment opportunity within a thriving community poised for significant growth, situated within the Bayfront Community Development District. A nearby planned 370-unit multifamily project further underscores the area's development potential. The property's APN is 28-37-24-29-00000.0-0006.00. The address is 4400 Dixie Hwy NE, Palm Bay, FL 32905.

Highlights

  • 6.36-acre waterfront campus.
  • Two buildings totaling 39,234 square feet.
  • 595 feet of US-1 frontage.
  • High traffic count: 22,000 vehicles per day.
  • 505 feet of deeded waterfront.
  • Two parking lots with expansion potential.

Property Details for 4400 Dixie Hwy

Property type
Specialty properties, Retail properties
Square Feet
39,234 SF
Buildings
2

Location Insight

City
Palm Bay
County
Brevard
State
Florida
Latitude
28.031323478561
Longitude
-80.578135598673
4400 Dixie Hwy, Palm Bay, Florida

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4400 Dixie Hwy
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