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1240 Malabar Road

Palm Bay, FL 32909

$1,500,000 $6,324/Mo

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Overview

Acres(Lot)

Description

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.

Property Details

Property Type : Land

Price : $1,500,000

AD Id : 65261894

MLS Id : 1048524

Lot Size : 2 Acres(Lot)

County : Brevard

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Sewer: Unknown
Heating & Cooling

WaterSource: Other

Road Types

City Street

Lot Information

Lot Description: Other Lot Size Area: 2 Acres Lot Square Feet: 87,120

Property Information

Property Type: Land Sub Type: Unimproved Land Subdivision: None MLS Area Minor: 343 - SE Palm Bay Source Neighborhood: None

Listing Price Information

Listing Id: 1048524 ist Price: $1,500,000 Listing Terms Other
Listing Information

Possession: Other

Tax Information

Parcel Number: 29-37-04-00-00019.0-0000.00 Annual Tax: $2,238 Tax Year: 2024 Taxes: PART OF LOT 31 OF PB 1 PG 165 DESC AS: COMM @ NW COR OF TRACT G-2 OF PB 30 PG 67; THENCE N00W 740.43 FT; THENCE N89E 325

Virtual Tour

Virtual Tour (External Link)

School Information

Elementary School: Port Malabar

Elementary School District:

Junior High School: Stone

Senior High School: Palm Bay
Utility Information

Other
Location Information

Direction: From I-95, take Exit 173 for Malabar Road (CR 514) and head east for approximately 2 miles. The property will be on your right, just past the intersection with Emerson Drive SE.

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