1240 Malabar RD Active Save Request In-Person Tour Request Virtual Tour
Palm Bay,FL 32909
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1048524
Annual Tax Amount $2,237
Tax Year 2024
Lot Size 2.000 Acres
Property Sub-Type Unimproved Land
Property 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.
Location
State FL
County Brevard
Area 343 - Se Palm Bay
Exterior
Exterior Feature ExteriorFeatures
Utilities Available Other
View Other
Building
Lot Description Other
Sewer Unknown
Water Other
Schools
Elementary Schools Port Malabar
High Schools Palm Bay
Others
Acceptable Financing Other
Listing Terms Other
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/spc/1048524