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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

Directly on the water with breathtaking river views, this iconic waterfront destination is situated on approximately 0.74 acres and features a 4,135 SF restaurant building, a 1,557 SF secondary building, expansive outdoor dining and entertainment areas, and a private dock overlooking the Indian River. Operating successfully with positive cash flow, the property offers a rare opportunity to acquire an established business with room for continued growth and expansion. Guests are drawn to the relaxed waterfront atmosphere, live entertainment, and unforgettable setting that extends well beyond the dining experience. The opportunity also includes an additional ±0.90 acres of easement area, bringing the potential combined area to approximately 1.64 acres. With its established income stream, waterfront location, entertainment appeal, and long-term growth potential, this offering represents a truly exceptional Space Coast investment opportunity.
Ideal for restaurateurs, hospitality groups, entertainment operators, investors, and entrepreneurs seeking a highly visible waterfront destination asset with long-term growth potential.
Confidential financial information available to qualified buyers upon execution of a Non-Disclosure Agreement (NDA).
Investment Highlights:
-Direct Indian River Waterfront Location
-Established Restaurant, Tiki Bar & Entertainment Destination
-Prime US1 Frontage with Exceptional Visibility
-Approximately 0.74 Acres of Waterfront Real Estate
-Additional ±0.90 Acres of Easement Area
-Potential Combined Area of Approximately 1.64 Acres
-Private Dock & Waterfront Infrastructure
-Expansive Indoor & Outdoor Dining & Entertainment Areas
-Secondary Building with Storage & Living Quarters
-Significant Parking & Site Improvements
-Redevelopment, Expansion & Long-Term Investment Potential

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,188 SF
Building Class
C
Year Built
1956
Price
$4,999,982
Price Per SF
$1,193.88
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.34 AC
Zoning
HC - Highway Commercial
Parking
52 Spaces

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

Property Taxes

Parcel Number
28-38-30-00-00503.1-0000.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,021,230
  • Listing ID: 40739467

  • Date on Market: 6/1/2026

  • Last Updated:

  • Address: 4845 Dixie Hwy NE, Palm Bay, FL 32905

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