1240 Malabar Road
Palm Bay, FL 32909
2Acres(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Sewer: Unknown -
Heating & Cooling
WaterSource: Other
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Road Types
City Street
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Lot Information
Lot Description: Other Lot Size Area: 2 Acres Lot Square Feet: 87,120Property Information
Property Type: Land Sub Type: Unimproved Land Subdivision: None MLS Area Minor: 343 - SE Palm Bay Source Neighborhood: None
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Listing Price Information
Listing Id: 1048524 ist Price: $1,500,000 Listing Terms Other -
Listing Information
Possession: Other
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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
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Virtual Tour
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School Information
Elementary School: Port MalabarElementary School District:Junior High School: StoneSenior 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.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 201 Crosspoint Street, Palm Bay, FL, 32909 | $70,000 | -- | -- | -- | 0.25 Acre(Lot) |
| 1050 Starfire Street, Palm Bay, FL, 32909 | $60,000 | -- | -- | -- | 0.23 Acre(Lot) |
| 1873 Saracen Avenue, Palm Bay, FL, 32909 | $60,000 | -- | -- | -- | 0.23 Acre(Lot) |
| LOT 37 San Filippo Dr S.., Palm Bay, FL, 32909 | $65,000 | -- | -- | -- | 11,762 Sqft(Lot) |
| 2940 Gaffney Avenue, Palm Bay, FL, 32909 | $49,000 | -- | -- | -- | Acres (Lot)-- |
| 2920 Gaffney Avenue, Palm Bay, FL, 32909 | $60,000 | -- | -- | -- | Acres (Lot)-- |
| 1458 Transcoro Street, Palm Bay, FL, 32909 | $49,900 | -- | -- | -- | Acres (Lot)-- |
| 1437 Tidewell Street, Palm Bay, FL, 32909 | $60,000 | -- | -- | -- | 10,019 Sqft(Lot) |
| 1970 SE Trapp Ave Avenue, Palm Bay, FL, 32909 | $39,000 | -- | -- | -- | Acres (Lot)-- |
| 1836 Pindo Court, Palm Bay, FL, 32909 | $40,000 | -- | -- | -- | Acres (Lot)-- |
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ByOwner last updated this listing 09/13/2026 @ 05:32
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