1280 Highway 1, Malabar, FL 32950 (MLS# 1058133)

(321) 951-0322

(800) 545-5687

738 Malabar Road SE

Palm Bay, FL 32907

Mon-Fri 9:00 am to 5:45 pm

Saturday 10:00 am - 2:00 pm

1280 Highway 1, Malabar, FL 32950

$1,500,000

Property Type: Commercial Sale Baths: 2.5 Square Footage: 4,357 Lot Size (sq. ft.): 26,572 Status: Active

Current Price: $1,500,000 List Date: 9/26/2025 Last Modified: 7/01/2026

Overview

Description

Fully renovated 4,357 SF mixed-use commercial property on 0.61 acres with exceptional Highway 1 frontage and strong income potential. Features 3 separate units with flexible layouts ideal for retail, office, medical, service, or restaurant use. High-end upgrades include LVP flooring, stainless appliances, updated systems, and a medical-ready suite with lead-lined X-ray room. Property includes 15 paved parking spaces plus a 3,000 SF gravel parking area and a 110' x 20' concrete slab ready for future expansion. Waterfront amenities include a new 450' dock and 16,000-lb covered boat lift. Major improvements include metal roof (2017), flat roof (2024), HVAC (2023), and updated plumbing. Seller financing available. Includes first right of refusal on adjacent 0.82-acre parcel. Prime high-traffic location near growing residential developments and the Indian River Lagoon.

Listing Details MLS# 1058133

General Property Information

Number Of Units Total: 3
Stories Total: Yes
Bathrooms Total: 2.5
Building Area Total: 4357
Building Area Source: Measured
Year Built: 1948
Lot Size Acres: 0.61
Land Lease YN: No
Association YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Water Body Name: Indian River
Water Frontage Feet: 130
Senior Community YN: No
List Price/SqFt: 344.27

Property Features

Building Features: Kitchen Facilities; Laundry; Lobby; Lounge; Manager on Premise; Office; Outside Storage; Rear Access; Separate Office Area Ceiling Type: Drywall; Height Varies Construction Materials: Concrete; Frame; Stucco Cooling: Ceiling Fan(s); Central Air; Electric; Multi Units Current Use: Commercial; Mixed Use; Office; Retail Existing Lease Type: NNN Flooring: Laminate; Tile; Vinyl; Wood Heating: Central; Electric Listing Terms: Cash; Conventional; Private Financing Available; Other Lot Features: Cleared Operating Expense Includes: Insurance; New Tax; Security; Trash; Water/Sewer Owner Pays: Common Area Maintenance; Exterior Maintenance; Repairs; Roof Maintenance; Trash Collection; Water Parking Features: Additional Parking; Assigned; Parking Lot; Varies by Unit Possession: Close Of Escrow Water Body Access Type: Navigable; Owned Road Frontage Type: Highway Roof: Metal; Wood Truss/Raft Sale Includes: Building & Land Sewer: Septic Tank Showing Requirements: Appointment Only; Showing Service; Other Tenant Pays: All Utilities; Cable TV; Electricity; Insurance; Janitorial Service; Pest Control; Security; Taxes; Telephone Utilities: Cable Available; Electricity Connected; Sewer Not Available; Water Connected Water Source: Private; Well Waterfront Features: Intracoastal; Navigable Water; River Access; River Front; Seawall

Contract Information

Original List Price: 2400000
Listing Contract Date: 2025-09-26
Start Showing Date: 2025-09-26
Property Sub Type: Mixed Use
Comp Sale YN: No

Location Tax and Legal

Street Number: 1280
Street Name: Highway 1
County: Brevard
State: FL
Postal Code: 32950
MLS Area Major: 342 - Malabar/Grant-Valkaria
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: Fully renovated 4,357 SF mixed-use commercial property on 0.61 acres with exceptional Highway 1 frontage and strong income potential. Features 3 separate units with flexible layouts ideal for retail, office, medical, service, or restaurant use. High-end upgrades include LVP flooring, stainless appliances, updated systems, and a medical-ready suite with lead-lined X-ray room. Property includes 15 paved parking spaces plus a 3,000 SF gravel parking area and a 110' x 20' concrete slab ready for future expansion. Waterfront amenities include a new 450' dock and 16,000-lb covered boat lift. Major improvements include metal roof (2017), flat roof (2024), HVAC (2023), and updated plumbing. Seller financing available. Includes first right of refusal on adjacent 0.82-acre parcel. Prime high-traffic location near growing residential developments and the Indian River Lagoon.

Status Change Information

Major Change Timestamp: 2026-07-01T15:21:11Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-07-01T15:21:11Z
Status Change Timestamp: 2025-09-26

More Information

Unit 1 Details

Unit ID: Unit A
Annual Rent: 28800
Unit SqFt: 1140
# Units (This Type): Yes
Furnished: Negotiable
Unit Remarks: 3 Offices, Lobby, Half Bath, 10 Parking Spaces

Unit 2 Details

Unit ID: Unit B
Annual Rent: 57600
Unit SqFt: 2258
# Units (This Type): Yes
Furnished: Negotiable
Unit Remarks: 2 Open Offices, 2 Closed Offices, Full Bath, Kitch

Unit 3 Details

Unit ID: Unit C
Annual Rent: 24000
Unit SqFt: 959
# Units (This Type): 2
Furnished: Negotiable
Unit Remarks: Oversized Studio Apartment/ Office

Location, Tax, and Legal

Tax Account: 2850955
Parcel Number: 28-38-31-00-00262.0-0000.00
General County Location: South
Tax Annual Amount: 10639.95
Tax Year: 2025
Tax Legal Description: PART OF LOT 2 & PT OF SE 1/4 OF NW 1/4 & PT OF NE 1/4 OF SW 1/4 S OF DB 295 PG 502 & N OF DB 287 PG 539 AS DES IN ORB 3212 PG 779 EXC US HWY 1 R/W PAR 263
Additional Parcels YN: No
Additional Parcels Description: First Right of Refusal to the ajacent .82 acre parcel to the west.
Zoning Description: Commercial
Directions: Heading eastbound on Malabar Rd, take Highway 1 Northbound, Property is the second one on the West side of Highway 1.

Construction Materials

Concrete: Yes
Frame: Yes
Stucco: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes
Multi Units: Yes

Current Use

Commercial: Yes
Mixed Use: Yes
Office: Yes
Retail: Yes

Flooring

Laminate: Yes
Tile: Yes
Vinyl: Yes
Wood: Yes

Heating

Central: Yes
Electric: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Private Financing Available: Yes
Other: Yes

Lot Features

Cleared: Yes

Parking Features

Additional Parking: Yes
Assigned: Yes
Parking Lot: Yes
Varies by Unit: Yes

Possession

Close Of Escrow: Yes

Water Body Access Type

Navigable: Yes
Owned: Yes

Owner Pays

Common Area Maintenance: Yes
Exterior Maintenance: Yes
Repairs: Yes
Roof Maintenance: Yes
Trash Collection: Yes
Water: Yes

Road Frontage Type

Highway: Yes

Roof

Metal: Yes
Wood Truss/Raft: Yes

Sewer

Septic Tank: Yes

Tenant Pays

All Utilities: Yes
Cable TV: Yes
Electricity: Yes
Insurance: Yes
Janitorial Service: Yes
Pest Control: Yes
Security: Yes
Taxes: Yes
Telephone: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Sewer Not Available: Yes
Water Connected: Yes

Water Source

Private: Yes
Well: Yes

Waterfront Features

Intracoastal: Yes
Navigable Water: Yes
River Access: Yes
River Front: Yes
Seawall: Yes

Showing Requirements

Appointment Only: Yes
Showing Service: Yes
Other: Yes

Building Features

Kitchen Facilities: Yes
Laundry: Yes
Lobby: Yes
Lounge: Yes
Manager on Premise: Yes
Office: Yes
Outside Storage: Yes
Rear Access: Yes
Separate Office Area: Yes

Ceiling Type

Drywall: Yes
Height Varies: Yes

Existing Lease Type

NNN: Yes

Location

City: Yes

Operating Expense Includes

Insurance: Yes
New Tax: Yes
Security: Yes
Trash: Yes
Utilities: Yes
Water/Sewer: Yes

Sale Includes

Building & Land: Yes

Listing Office: EXP Realty, LLC

Last Updated: July - 01 - 2026

Information is deemed to be reliable, but is not guaranteed.