$4,999,982
Palm Bay, FL 32905
MLS# 1078162
6 baths | 5692 sqft
1 / 119
Property Description
Direct Indian River waterfront restaurant and entertainment destination with breathtaking river views, approximately 310 feet of frontage, and an established reputation as a local favorite. The property features approximately 4,135 SF of restaurant space, a private dock, expansive indoor and outdoor dining areas, live entertainment venue, and a 1,557 SF secondary building currently divided into storage space and an apartment/living quarters. Situated on approximately 0.74 acres, the opportunity also benefits from an additional ±0.90 acres of easement area, bringing the potential combined area to approximately 1.64 acres. Operating successfully with positive cash flow and offering significant growth potential, this unique waterfront asset combines established income, prime US1 visibility, entertainment appeal, and long-term investment opportunity in one of the Space Coast's most desirable waterfront locations.
Details
Maps
Location, Tax, and Legal
Tax Account: 2850761
Parcel Number: 28-38-30-00-00503.1-0000.00
General County Location: South
Tax Annual Amount: 19108.4
Tax Year: 2025
Tax Legal Description: PART OF GOVT LOT 1 AS DESC IN DB 379 PG 83, DB 305 PG 258 LYING E OF US HWY 1
Directions: US 1 South of Palm Bay Road on east side.
General Property Information
Number Of Units Total: 0
Stories Total: 1
Building Area Total: 5692
Building Area Source: Other
Lot Size Acres: 0.74
Association YN: No
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Indian River
Land Lease YN: No
List Price/SqFt: 878.42
Bathrooms Total: 6
Year Built: 1956
Remarks and Miscellaneous
Public Remarks: Direct Indian River waterfront restaurant and entertainment destination with breathtaking river views, approximately 310 feet of frontage, and an established reputation as a local favorite. The property features approximately 4,135 SF of restaurant space, a private dock, expansive indoor and outdoor dining areas, live entertainment venue, and a 1,557 SF secondary building currently divided into storage space and an apartment/living quarters. Situated on approximately 0.74 acres, the opportunity also benefits from an additional ±0.90 acres of easement area, bringing the potential combined area to approximately 1.64 acres. Operating successfully with positive cash flow and offering significant growth potential, this unique waterfront asset combines established income, prime US1 visibility, entertainment appeal, and long-term investment opportunity in one of the Space Coast's most desirable waterfront locations.
Construction Materials
Frame: 1
Other: 1
Cooling
Central Building: 1
Current Use
Commercial: 1
Flooring
Tile: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Owner May Carry: 1
Private Financing Available: 1
Lot Features
Other: 1
Parking Features
Additional Parking: 1
Other: 1
Possession
Close Of Escrow: 1
Negotiable: 1
Road Frontage Type
Highway: 1
Roof
Metal: 1
Security Features
Fire Alarm: 1
Fire Sprinkler System: 1
Security Lights: 1
Smoke Detector(s): 1
Sewer
Septic Tank: 1
Special Listing Conditions
Easement(s): 1
Use Conforms to Zone: 1
Utilities
Cable Connected: 1
Water Connected: 1
Water Source
Public: 1
Waterfront Features
Intracoastal: 1
Navigable Water: 1
River Front: 1
Seawall: 1
Showing Requirements
24 Hour Notice: 1
Appointment Only: 1
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Building Features
% Air Conditioned or Heated: 5998
Clear Ceiling Height: 10
Restaurant: 1
Seating Capacity: 299
Sale Includes
Business with Real Estate: 1
Furniture, Fixtures and Equipment: 1
Contract Information
Current Price: $4,999,982
OriginalListPrice: 4999982
List Price: $4,999,982
Status: Active
Listing Contract Date: 2026-05-23
Property Sub Type: Mixed Use
Location Tax and Legal
Street Number: 4845
Street Name: Dixie
Street Suffix: Highway
Street Direction Suffix: NE
County: Brevard
State: FL
Postal Code: 32905
MLS Area Major: 340 - NE Palm Bay
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2026-05-23T20:02:33Z
Major Change Type: New Listing
StatusChangeDate: 2026-05-23
Property Features
Building Features: Restaurant
Construction Materials: Frame; Other
Cooling: Central Building
Current Use: Commercial
Flooring: Tile
Heating: Central
Listing Terms: Cash; Conventional; Lease Option; Owner May Carry; Private Financing Available
Lot Features: Other
Parking Features: Additional Parking; Other
Possession: Close Of Escrow; Negotiable
Road Frontage Type: Highway
Roof: Metal
Sale Includes: Business with Real Estate; Furniture, Fixtures and Equipment
Security Features: Fire Alarm; Fire Sprinkler System; Security Lights; Smoke Detector(s)
Sewer: Septic Tank
Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Special Listing Conditions: Easement(s); Use Conforms to Zone
Utilities: Cable Connected; Water Connected
Water Source: Public
Waterfront Features: Intracoastal; Navigable Water; River Front; Seawall
Listing Office: Engel&Voelkers Melb Beachside
Last Updated: June - 10 - 2026
Information is deemed to be reliable, but is not guaranteed.