FL > Palm Bay
Palm Bay, FL 32909,1240 Malabar RD
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Palm Bay, FL 32909,1240 Malabar RD
Palm Bay, FL 32909,1240 Malabar RD
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Jenn Clements

Jenn Clements

+1(321) 302-1430
$ 1,500,000
Est. payment /mo
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Active

1240 Malabar RD Palm Bay, FL 32909

2 Acres Lot

UPDATED:

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

Acres 2.0

Property Sub-Type Unimproved Land

Source Space Coast MLS (Space Coast Association of REALTORS®)

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

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.

Exterior

Exterior Feature ExteriorFeatures

Utilities Available Other

View Other

Present Use Other

Road Frontage City Street

Garage No

Building

Lot Description Other

Sewer Unknown

Water Other

Schools

Elementary Schools Port Malabar

High Schools Palm Bay

Others

Senior Community No

Tax ID 29-37-04-00-00019.0-0000.00

Acceptable Financing Other

Listing Terms Other

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/spc/1048524

Space Coast Association of Realtors (Brevard MLS)
Listed by Reach Commercial Real Estate
agent

Jenn Clements

+1(321) 302-1430

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