1240 Malabar Road, Palm Bay, FL 32909
$1,500,000
Property Type:
Land
Lot Size (sq. ft.):
87,120
Status:
Active
Current Price:
$1,500,000
List Date:
1/02/2026
Last Modified:
1/02/2026
Overview
Description
Listing Details MLS# 1048524
General Property Information
- Lot Size Acres
- 2
- Lot Size Square Feet
- 87120
- Water Body Access YN
- No
- CDD Fee YN
- No
- List Price/Acre
- 750000
Property Features
Current Use:
Other
Listing Terms:
Other
Lot Features:
Other
Possession:
Other
Road Frontage Type:
City Street
Sewer:
Unknown
Showing Requirements:
Call Listing Agent
Special Listing Conditions:
Standard
Utilities:
Other
View:
Other
Water Source:
Other
Contract Information
- Original List Price
- 1500000
- Listing Contract Date
- 2025-06-09
- Property Sub Type
- Unimproved Land
Location Tax and Legal
- Street Number
- 1240
- Street Name
- Malabar
- Street Suffix
- Road
- County
- Brevard
- State
- FL
- Postal Code
- 32909
- MLS Area Major
- 343 - SE Palm Bay
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- 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.
Status Change Information
- Major Change Timestamp
- 2026-01-02T18:32:09Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2026-01-02
More Information
Location, Tax, and Legal
- Tax Account
- 3034636
- Parcel Number
- 29-37-04-00-00019.0-0000.00
- General County Location
- South
- Elementary School
- Port Malabar
- Middle School
- Stone
- High School
- Palm Bay
- Tax Annual Amount
- 2237.9
- Tax Year
- 2024
- Tax Legal Description
- PART OF LOT 31 OF PB 1 PG 165 DESC AS: COMM @ NW COR OF TRACT G-2 OF PB 30 PG 67; THENCE N00W 740.43 FT; THENCE N89E 325
- Directions
- 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.
Current Use
- Other
- Yes
Listing Terms
- Other
- Yes
Lot Features
- Other
- Yes
Possession
- Other
- Yes
Road Frontage Type
- City Street
- Yes
Sewer
- Unknown
- Yes
Special Listing Conditions
- Standard
- Yes
Utilities
- Other
- Yes
View
- Other
- Yes
Water Source
- Other
- Yes
Showing Requirements
- Call Listing Agent
- Yes
Listing Office:
Reach Commercial Real Estate
Last Updated: January - 02 - 2026
Information is deemed to be reliable, but is not guaranteed.