Commercial Sale · Industrial
515 S Dixie Hwy, West Palm Beach FL 33401, WEST PALM BEACH, FL, 33401
Active83 days on marketListed May 28, 2026MLS #A12026968
About this property
The property at a glance
This corporate-backed, absolute NNN lease with Goodyear offers investors true hands-off, bond-style income from a globally recognized, investment-grade tenant. The 15-year lease, commencing in 2022, includes six 5-year renewal options with 10% rent increases every five years, providing predictable growth and long-term security. Located on the high-traffic US-1 corridor in Downtown West Palm Beach, the property benefits from excellent visibility, urban infill, and easy access to Okeechobee Blvd and I-95. With zero landlord responsibility, this 5,500 SF building on an 11,731 SF lot delivers stable cash flow and a 25-year horizon of built-in escalations, making it a rare opportunity for investors seeking reliable, long-term income.
5,500
Building sq ft
$691
Price / sq ft
11,730
Lot sq ft
1965
Year built
QGD-10 (
Zoning
Industrial
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$20,381/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Angela to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
5,332
Population
$89,211
Median income
55
Median age
2
Avg household
$792,379
Median home value
$2,106/mo
Median rent
254
Households w/ kids
Consumer profile
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
Ready to turn up when the sun goes down, this population is looking for nighttime entertainment at home or out on the town.
From tiny sprouts and window plants, to flower arrangements and designing a landscape, this population has an affinity for all things green.
Recent sales
What actually sold near 515 S Dixie Hwy
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$3,000,000
Nearby listing
Sold Mar 27, 2026
$3,000,000
Nearby listing
Sold Mar 27, 2026
$8,300,000
2900 Tuxedo Ave, West Palm Beach FL 33405
Sold May 5, 2026
Your team
The pros in your corner
Your agent
Angela Rodriguez
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 515 S Dixie Hwy — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 515 S Dixie Hwy.
See it in person
Schedule a tour
Live availability from Angela's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of APEX Capital Realty LLC · Miguel Pinto. MLS #A12026968.
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. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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