1240 Malabar Road, Palm Bay, FL 32909

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1240 Malabar Road,Palm Bay, FL 32909
$1,500,000
Virtual Tour
  • 2 Acres
  • Lots / Land
  • Active
Listed by:cassandra hartford
Office:reach commercial real estate
MLS#:1048524
Source:FL_SPACE

Price summary

  • Price:$1,500,000

About this home

This 1.90-acre GC-zoned site sits at I-95 Exit 173 on Malabar Rd (SR 514), Palm Bay's busiest east-west corridor. ±334' frontage offers visibility from the I-95 off-ramp—ideal for QSR, retail, medical, or office use. Traffic exceeds 50,000 VPD, fueled by commuters and growth west of I-95, incl. 800+ homes at St. John's Preserve. City water/sewer available. GC zoning allows development without rezoning. Access is right-in/right-out on Malabar, with potential full access via nearby Babcock St signal. Parcel fits two QSR pads, 10-12K SF strip, or medical/pro office. Palm Bay pop. nearing 149K, median income $67.5K. Major employers nearby incl. L3Harris, Raytheon, Renesas & Palm Bay Hospital. Area tenants: Walmart, Lowe's, Home Depot, and new Publix center. Comparable I-95 sites trade $750K-$1.2M/acre. Priced at $789K/acre. Ideal for QSR, convenience, urgent care, or NNN tenant. Ground lease or BTS considered.

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Home facts

  • Listing Id #:1048524
  • Added:70 day(s) ago

Structure and exterior

  • Lot area:2 Acres

Schools

  • High school:Palm Bay
  • Middle school:Stone
  • Elementary school:Port Malabar

Finances and disclosures

  • Price:$1,500,000
  • Tax amount:$2,237 (2024)
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