River's Edge 4400 Dixie Hwy

6.36 acre waterfront campus with two buildings totaling 39,234 SF. Located in Palm Bay, Florida, with 850 +/- feet of waterfront to the west and north (505 ft +/- deeded), and 530 feet of frontage along US Hwy 1 (Dixie Hwy). Easy access and egress, with two entrances, and two separate parking lots.
Zoned Bayfront Mixed-Use (BMU) which permits corporate or medical offices, hotels and motels, retail, and high-density multifamily (up to 40 residential units per acre, provided the development also includes a commercial component of at least 20%).
The main 29,617 SF building was recently renovated to include 70% office space, with 30% remaining a shell. The 2nd 9257 SF building is a shell, and maintained as a storage space.
The city's vision of the area is to create a destination recognized as a pedestrian-friendly, mixed use community with a Mainstreet Village character capitalizing on its waterfront location that boasts improved narrow streets, pedestrian pathways and US 1 crosswalks leading to public spaces including waterfront parks, attractive views, and a waterfront theme.
River's Edge is located in the “Bayfront Village” section of the Bayfront Community Redevelopment District. US 1/Dixie Highway is the primary north/south roadway. US Highway 1 parallels the Indian River, and the Florida East Coast (FEC) main line railroad tracks.
US Highway 1 in this area of Palm Bay is an older, well established mixed-use area with river view homes and older established commercial/office uses. The Palm Bay Marina is located to the north of Turkey Creek which was recently purchased from the City of Palm Bay. The subject is located on the south of Turkey Creek and just west of US Highway 1. The bridge is a fixed span bridge with vertical clearance estimated at 15 feet.
There is a pedestrian walkway connects the Castaway Point area to the marina use on the north side of Turkey Creek.
Palm Bay (north) and Port Malabar Boulevard (South) are the primary east/west roadways. Palm Bay at the US Highway 1 intersection is a two lane roadway through the historic area of Palm Bay. Palm Bay Road, based on the redevelopment plan is intended to be improved and become more of a destination corridor. Port Malabar Boulevard is a four lane residential collector.
The “District” vision focuses efforts toward re-establishing the Bayfront as a village center. The primary focus of this area is commercial development with a waterfront theme. The current future land use designation and zoning support development of a mixture of separately classified properties. Recent projects include a state of the art riverfront assisted living facility, and Aqua, a 24 acre apartment complex and commercial development on Conlan Boulevard. Planned developments include a 12 acre, 370 unit multifamily project less than 1/2 mile to the south.
Link to the property video - https://youtu.be/lWOsjbhTmoQ