1206 Malabar Road SE, Palm Bay, FL 32907
$8,250,000
Property Type:
Land
Lot Size (sq. ft.):
112,820
Status:
Active
Current Price:
$8,250,000
List Date:
10/01/2025
Last Modified:
10/02/2025
Overview
Description
Listing Details MLS# 1058524
General Property Information
- Lot Size Acres
- 2.59
- Lot Size Square Feet
- 112820
- CDD Fee YN
- No
- List Price/Acre
- 3185328.19
Property Features
Current Use:
Other
Development Status:
Other
Listing Terms:
Other
Lot Features:
Cleared
Other Structures:
Other
Possession:
Other
Road Frontage Type:
City Street
Sewer:
Unknown
Showing Requirements:
Call Listing Agent; Listing Agent Must Accompany
Special Listing Conditions:
Standard
Utilities:
Other
View:
Other
Water Source:
None
Contract Information
- Original List Price
- 8250000
- Listing Contract Date
- 2025-10-01
- Property Sub Type
- Unimproved Land
Location Tax and Legal
- Street Number
- 1206
- Street Name
- Malabar
- Street Suffix
- Road
- Street Direction Suffix
- SE
- County
- Brevard
- State
- FL
- Postal Code
- 32907
- MLS Area Major
- 343 - SE Palm Bay
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- This 30-acre spot in Palm Bay, right at Malabar Road and Babcock Street, is primed for flex or light industrial builds, with ready concepts over 200,000 SF plus an out parcels. Flat terrain and stable sandy soils make foundations straightforward based on the 2022 geotech report, with a clean Phase I ESA showing no major environmental red flags, low flood risk in Zone X, and just minor wetlands needing basic mitigation. It's under a half mile from I-95, pulling in 55,000+ vehicles daily on Malabar for solid visibility and access. Palm Bay's market is heating up in 2025, with the city's population hitting around 146,000 (up 3.65% yearly) and Brevard County's unemployment at a low 4.3%. The industrial/flex sector is strong, boasting 4.49% absorption and rents climbing to $14-17/SF NNN, making flex park the top play under CC/IU zoning with up to 0.5 FAR. Completed I-95 upgrades in 2026 boost connectivity and long-term upside.
Status Change Information
- Major Change Timestamp
- 2025-10-01T17:32:06Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2025-10-01
More Information
Location, Tax, and Legal
- Tax Account
- 2964964
- Parcel Number
- 29-37-04-00-00017.0-0000.00
- General County Location
- South
- Elementary School
- Port Malabar
- Middle School
- Stone
- High School
- Palm Bay
- Tax Annual Amount
- 69537.2
- Tax Year
- 2023
- Directions
- Take I-95 to Exit 173 for Malabar Road, head east, and the property at 1206 Malabar Rd SE will be on your right.
Current Use
- Other
- Yes
Listing Terms
- Other
- Yes
Lot Features
- Cleared
- Yes
Other Structures
- Other
- Yes
Possession
- Other
- Yes
Road Frontage Type
- City Street
- Yes
Sewer
- Unknown
- Yes
Special Listing Conditions
- Standard
- Yes
Utilities
- Other
- Yes
View
- City
- Yes
- Other
- Yes
Water Source
- None
- Yes
Development Status
- Other
- Yes
Showing Requirements
- Call Listing Agent
- Yes
- Listing Agent Must Accompany
- Yes
Listing Office:
Reach Commercial Real Estate
Last Updated: October - 02 - 2025
Information is deemed to be reliable, but is not guaranteed.