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:
6/09/2025
Last Modified:
6/09/2025
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.
More Information MLS# 1048524
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.
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
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.
Current Use
Other: 1
Listing Terms
Other: 1
Lot Features
Other: 1
Possession
Other: 1
Road Frontage Type
City Street: 1
Sewer
Unknown: 1
Special Listing Conditions
Standard: 1
Utilities
Other: 1
View
Other: 1
Water Source
Other: 1
Showing Requirements
Call Listing Agent: 1
Contract Information
Current Price: $1,500,000
Original List Price: 1500000
List Price: $1,500,000
Status: Active
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
Status Change Information
Major Change Timestamp: 2025-06-09T19:32:09Z
Major Change Type: New Listing
Status Change Timestamp: 2025-06-09
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
Listing Office:
Reach Commercial Real Estate
Last Updated: June - 09 - 2025
Information is deemed to be reliable, but is not guaranteed.