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$899,999
New Listing

3790 Dixie Highway NE
Palm Bay, FL 32905

For Sale|Office|Active
0
Beds
4
Total Baths
5,980
SqFt
$151
/SqFt
2005
Built
Subdivision:
Valentine Estate Subd
County:
Brevard
Call Now: (321) 626-4727
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(321) 626-4727
3790 Dixie Highway NE3790 Dixie Highway NE3790 Dixie Highway NE3790 Dixie Highway NE
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The Riverview Professional Offices presents an opportunity to acquire a concrete block, two-story commercial building with immediate income and upside potential. Located directly on US-1 in NE Palm Bay, this 5,980 sq. ft. property sits on 0.55 acres with 21 parking spaces and very flexible commercial zoning. The entire second floor is leased to Wade Trim, a nationally recognized civil engineering firm with a long operating history at this location, providing stable in-place income. Two ground-floor suites are vacant (For Lease), recently updated, and ready for an owner/occupant or new tenant, creating value-add potential from day one. Each suite includes a private restroom, separately metered electrical service, and a dedicated garage space. Elevator access, fiber availability, and strong frontage on a major corridor position this asset for long-term flexibility and growth. Ideal for investors seeking yield with upside or businesses looking to occupy while collecting rent. Supplemental Info For: 3790 Dixie Highway NE, Palm Bay, FL. Please find below a comprehensive summary of the property, current tenancy, zoning information, and important notes regarding future potential. Current Cap Rate: 4.54% Pro-Forma: 9.72 Property Overview Construction: Concrete block with stucco exterior Roof: Hip roof with asphalt shingles (original, 20 years old) Structure: Two-story building Configuration: 4 office units and 4 garage units Utilities: City water, sewer connected, AT&T fiber optic internet available Electrical: 4 separate meters and sub-panels (400 Amp Service per Unit) Ingress/Egress: Full access to both northbound and southbound US-1 Current Occupancy - Wade Trim Tenant: Wade Trim is a 100 year old civil engineering firm; nationwide company with 23 offices and more than 700 staff members. They have a staff of wildly diversified specialists and earn many Brevard County and Palm Bay Civil Engineering bids for public works projects. They are ranked in the top 500 design firms and top 200 environmental firms nationwide and continually recognized for their innovative solutions. They are self admittedly on a quest to grow, using their expertise to provide infrastructure solutions in new areas. Occupancy: Currently leases 50% of the office space (Suites C & D; upstairs) and 50% of the garage units (center two bays). Lease Status: 5 year extension (NNN) signed 2025. Operating Expenses Annual Expenses: $51,348.40 (as reported by owner/manager detailed on expense sheet) Management: Self-managed by current owners Zoning & Land Use Current Zoning: Highway Commercial (HC) Future Land Use Designation: Highway Commercial Flood Zone: Outside the 1% and 0.2% annual chance floodplains (no flood insurance required) HC Zoning Overview: The HC zoning district allows for a broad range of commercial uses, including but not limited to: Permitted: Brewpub; Drinking Establishments; Drive-Through Establishments; Equipment Sales, Rental, Leasing; Banks & Financial Institutions; Contractor's Offices; Funeral Homes; General Offices; Pet Day Care; Service Establishments: Business, Intensive, Personal; Assembly of Components Manufactured Off-Site; Childcare Facility; Churches; Convention Centers; Government Establishments; Hospital; Urgent Care; Hotel; Motel; Tourist Courts; Arcades & Amusement Centers; Golf Course & Clubhouse; Public Recreational Facility; Recreation Indoor (5,000 sq ft maximum); Small Event Space; Nursing Home; Parking Garage; Surface Parking Lot; Public Utilities Facility Conditional Use: Fuel Station; Car Wash; Self Storage Facility; Educational Institution; Dance Club; Recreation Outdoor; Recreational Vehicle (RV) Park; Marina City of Palm Bay - Community & Economic Development Board The property's location is well supported by Palm Bay's commitment to business growth and development. Regular Board Meeting Location: Council Chambers, 120 Malabar Road SE, Palm Bay, FL Phone: (321) 409-7187 | EconDev@PalmBayFlorida.org Website: Palm Bay Economic Development NOTE: This property is an area that is determined to be outside the 1% and 0.2% chance floodplains.

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Listing Snapshot
Price 
$899,999
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,980 sqft
Total Baths 
4
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.55 Acres
Year Built 
2005
MLS® Number 
1069572
Status 
Active
Property Tax 
$15,090.2
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
7 hours agoListing first seen on site
7 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.55
Additional Property Use 
Office
Attached Garage 
Yes
Building Features 
StorageComputer WiredElevatorInterior CorridorsLobbyMeeting RoomOfficeOverhead DoorsPrivate RestroomPublic RestroomRear AccessReception AreaSeparate Office Area
Land Lease 
No
Number Of Stories 
2
Parking 
Additional ParkingAttachedGarageGarage Door OpenerGuestOff StreetOn StreetParking Lot
Property Sub Type 
Office
Security 
Fire AlarmSmoke Detector(s)
Sewer 
Public Sewer
Special Circumstances 
Standard
Utilities 
Cable AvailableElectricity ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
Commercial
Interior Features
Cooling 
Central AirMulti UnitsSeparate Meters
Electric 
200+ Amp Service
Flooring 
CarpetVinyl
Heating 
CentralElectric
Interior 
Elevator
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Exterior Features
Construction Details 
BlockConcreteStone VeneerStucco
Fencing 
Back YardWood
Lot Features 
Corner LotFew TreesSprinklers In Rear
Road Frontage 
City StreetHighwayState Road
Roof 
Shingle
Community Features
Financing Terms Available 
CashConventional
MLS Area 
340 - NE Palm Bay
Listing courtesy of Dale Sorensen Real Estate Inc.

The data relating to real estate shown on this website comes in part from the Internet Data Exchange (IDX) program of Space Coast Association of REALTORS®, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed accurate.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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