518 S Dixie Highway
For Sale - Mixed-Use Opportunity! Highly visible ±9,000 SF (Retail, Restaurant, Multifamily) in WPB
Marketing description
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.
Investment highlights
Prime West Palm Beach Location: Highly visible ±9,000 square foot mixed-use building located along S. Dixie Highway, in the heart of West Palm Beach’s rapidly expanding urban core and surrounded by significant new development.
High-Visibility Retail Frontage: Gourmet market retail space featuring prominent frontage along S. Dixie Highway, benefiting from strong traffic counts, walkability, and neighborhood-serving demand.
Plug-and-Play Restaurant with 4-COP License: Turnkey restaurant space with an included 4-COP liquor license, positioned along Hibiscus Street and offering an immediate opportunity for an owner/operator or hospitality-focused investor.
Multifamily Upside in Downtown West Palm Beach: Seven fully leased multifamily units offering mark-to-market potential and the opportunity to enhance long-term cash flow.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
