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Waterfront Restaurant, Tiki Bar & Real Estate 4845 Dixie Hwy NE 5,328 SF Retail Building Palm Bay, FL 32905 $4,999,982 ($938.44/SF)
Investment Highlights
- Direct Indian River Waterfront Location
- Prime US1 Frontage with Exceptional Visibility
- Expansive Indoor & Outdoor Dining & Entertainment Areas
- Established Restaurant, Tiki Bar & Entertainment Destination
- Private Dock & Waterfront Infrastructure
- Potential Combined Area of Approximately 1.64 Acres
Executive Summary
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
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
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,328 SF
Building Class
C
Year Built
1956
Price
$4,999,982
Price Per SF
$938.44
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.34 AC
Zoning
HC - Highway Commercial
Parking
52 Spaces (9.76 Spaces per 1,000 SF Leased)
Amenities
- Courtyard
- Restaurant
- Signage
- Waterfront
- Storage Space
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 28-38-30-00-00503.1-0000.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,021,230 |
Property Taxes
Parcel Number
28-38-30-00-00503.1-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,021,230
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Waterfront Restaurant, Tiki Bar & Real Estate | 4845 Dixie Hwy NE