Palm Bay Plaza

Directly fronts US 1 between Palm Bay Rd. and Malabar Rd in Palm Bay, FL DISTANCES: • 1.3 miles south of Palm Bay Rd. • 1.9 miles north of Malabar Rd. • 4.6 miles south of US 192 • 5.8 miles to I-95 via Palm Bay Rd.Palm Bay Plaza, located at 4500 Dixie Hwy NE, Palm Bay, FL 32905, is a value-add investment opportunity on US-1 with a daily traffic count of 26,000 AADT. The plaza benefits from nearby strong residential areas and four upcoming apartment projects adding over 1,900 units. Additionally, it is in close proximity to L3Harris Palm Bay Campus, which employs around 8,400 people. With the plaza currently over 40% vacant, investors can maximize value by addressing deferred maintenance and leasing spaces at market rents.Introducing Palm Bay Plaza - A prime commercial real estate opportunity in Palm Bay, Florida. Situated at 4500 Dixie Highway, this strategically located plaza is set to undergo a meticulous renovation, ensuring a modern and inviting space for businesses to thrive. Palm Bay Plaza's renovation promises to strike the ideal balance between modern aesthetics and functionality, providing an attractive destination for both tenants and customers. The surrounding area boasts a burgeoning community, with plans for over 800 apartment units to be developed nearby, guaranteeing a steady flow of potential clientele.