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328 Malabar Road

Palm Bay, FL 32907

$1,575,000 $6,640/Mo

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Overview

1.72

Acres(Lot)

Description

a remarkable commercial real estate opportunity in the thriving city of Palm Bay, This exceptional property comprises five smaller parcels, totaling approximately 1.75 acres, with the exciting potential to add two additional parcels, for another 0.23 acres, if required, for a grand total of approximately 2 acres. Strategically positioned along one of Palm Bay's bustling thoroughfares, this property enjoys high visibility, with an impressive daily traffic count of approximately 23,000. Currently, the property features three existing houses, on a month-to-month leases providing an immediate income stream while you prepare for redevelopment. Located in proximity to prominent retailers and benefiting from a signalized intersection, this property is ideally suited for a diverse range of uses. a remarkable commercial real estate opportunity in the thriving city of Palm Bay, This exceptional property comprises seven smaller parcels, totaling approximately 1.75 acres, with the exciting potential to add two additional parcels, for another 0.23 acres, if required, for a grand total of approximately 2 acres. Strategically positioned along one of Palm Bay's bustling thoroughfares, this property enjoys high visibility, with an impressive daily traffic count of approximately 23,000. Currently, the property features three existing houses, providing an immediate income stream while you prepare for redevelopment.

Property Details

Property Type : Land

Price : $1,575,000

AD Id : 57612366

MLS Id : 1010989

Lot Size : 1.72 Acres(Lot)

County : Brevard

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Sewer: Septic Tank
Heating & Cooling

WaterSource: Public

Road Types

Asphalt, Paved

City Street
Fencing

Back Yard
Fencing

Back Yard

Lot Information

Lot Description: Cleared, Wooded Lot Size Area: 1.72 Acres Lot Square Feet: 74,923

Property Information

Property Type: Land Sub Type: Unimproved Land Subdivision: Port Malabar Unit 10 MLS Area Minor: 343 - SE Palm Bay Source Neighborhood: Port Malabar Unit 10

Listing Price Information

Listing Id: 1010989 ist Price: $1,575,000 Listing Terms Cash
Listing Information

Possession: Close Of Escrow

Tax Information

Parcel Number: 29-37-06-Gk-00361.0-0015, 14, 10, 9, 8, 7, 6, .00 Annual Tax: $11,948 Tax Year: 2023 Taxes: PORT MALABAR UNIT 10 LOT 6, 7, 8, 9, 10, 14,15 BLK 361 EXC ORB 3635 PG 3312

Virtual Tour

Virtual Tour (External Link)

School Information

Elementary School: Turner

Elementary School District:

Junior High School: Southwest

Senior High School: Heritage
Utility Information

Cable Connected, Electricity Connected, Sewer Available, Water Connected
Location Information

Direction: exit 173 head west on the SW corner of Eldron and Malabar

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