Price: $1,500,000

1240 Malabar RoadPalm Bay, FL 32909

1240 Malabar Road

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MLS # 1048524

Type: Unimproved Land

List Date: 06-09-2025

Homestead: N/A

Zoning: N/A

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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.

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Property Details

Street Name:

Malabar Road

County:

Brevard

Listing Status:

Active

Tax Year:

2024

Zip Code:

32909

Subdivision:

None

Tax Amount:

$2,238

HOA Dues:

$0.00

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1240 Malabar Road Palm Bay, FL 32909

This listing is courtesy of Reach Commercial Real Estate.

Real Estate and Luxury homes in Melbourne Beach, Merritt Island, Cocoa Beach, Lansing Island, Tortoise Island, Vero Beach, Barefoot Bay, Cape Canaveral, Cocoa, Grant Valkaria, Indialantic, Indian Harbour Beach, Malabar, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, West Melbourne and surrounding areas in Brevard and Central Florida.

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