$4,999,982
Palm Bay, FL 32905
MLS# 1078162
6 baths | 5692 sqft
1 / 119
Property Description
Rare Indian River waterfront opportunity in Palm Bay featuring an established restaurant, tiki bar, entertainment venue and underlying real estate. The offering includes ±0.74 acres of owned waterfront property with a ±4,135 SF restaurant building and ±1,557 SF secondary building. Features include indoor and outdoor dining and entertainment areas, full-service tiki bar, private dock and high-visibility US-1 frontage. 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. Ideal for an owner-operator, restaurant/hospitality group or investor seeking an established waterfront venue with real estate on Florida's Space Coast. Confidential financials available to qualified buyers with executed NDA.
Details
Maps
Contract Information
Comp Sale YN: No
Current Price: $4,999,982
Original List Price: 4999982
List Price: $4,999,982
Status: Active
Listing Contract Date: 2026-05-23
Property Sub Type: Mixed Use
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: Rare Indian River waterfront opportunity in Palm Bay featuring an established restaurant, tiki bar, entertainment venue and underlying real estate. The offering includes ±0.74 acres of owned waterfront property with a ±4,135 SF restaurant building and ±1,557 SF secondary building. Features include indoor and outdoor dining and entertainment areas, full-service tiki bar, private dock and high-visibility US-1 frontage. 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. Ideal for an owner-operator, restaurant/hospitality group or investor seeking an established waterfront venue with real estate on Florida's Space Coast. Confidential financials available to qualified buyers with executed NDA.
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
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
Status Change Timestamp: 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 & Volkers Melbourne
Last Updated: November - 02 - 2026
Information is deemed to be reliable, but is not guaranteed.