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518 S Dixie Hwy 9,000 SF 100% Leased Retail Building West Palm Beach, FL 33401 $9,000,000 ($1,000/SF)
Investment Highlights
- Prime West Palm Beach Location: Highly visible ±9,000 square foot mixed-use building located along S. Dixie Highway.
- High-Visibility Retail Frontage: Gourmet market retail space featuring prominent frontage along S. Dixie Highway.
- Multifamily Upside in Downtown West Palm Beach: Seven fully leased multifamily units offering mark-to-market potential.
- In the heart of West Palm Beach’s rapidly expanding urban core and surrounded by significant new development.
- Plug-and-Play Restaurant with 4-COP License: Turnkey restaurant space with an included 4-COP liquor license.
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,000 SF
Building Class
B
Year Built/Renovated
2020/2025
Price
$9,000,000
Price Per SF
$1,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.32
Lot Size
0.16 AC
Zoning
QGD-10
Frontage
Amenities
- Bus Line
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Best European Food Svc LLC
- Retailer
- -
- -
- -
-
- Accommodation and Food Services
- -
- -
- -
European-inspired market with an emphasis on global cuisine. Mama Bella also has a café and bar area and a wine room where patrons can try over 100 different types of international and national beverages. Mama Bella Gourmet Market and Café is to bring something new and uniquely European to West Palm Beach.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Best European Food Svc LLC | Retailer | - | - | - | ||
|
|
Accommodation and Food Services | - | - | - |
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (86)
Nearby Major Retailers
Property Taxes
| Parcel Number | 74-43-43-21-09-002-0120 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,700,216 |
Property Taxes
Parcel Number
74-43-43-21-09-002-0120
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,700,216
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518 S Dixie Hwy
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