328 Malabar Road SE, Palm Bay, FL 32907

$1,575,000
Property Type: Land Lot Size (sq. ft.): 74,923 Status: Active
Current Price: $1,575,000 List Date: 11/27/2024 Last Modified: 8/19/2025

Description

a remarkable commercial real estate opportunity in the thriving city of Palm Bay, This exceptional property comprises five smaller parcels, totaling approximately 1.75 acres, with the exciting potential to add two additional parcels, for another 0.23 acres, if required, for a grand total of approximately 2 acres. Strategically positioned along one of Palm Bay's bustling thoroughfares, this property enjoys high visibility, with an impressive daily traffic count of approximately 23,000. Currently, the property features three existing houses, on a month-to-month leases providing an immediate income stream while you prepare for redevelopment. Located in proximity to prominent retailers and benefiting from a signalized intersection, this property is ideally suited for a diverse range of uses.

Supplements: a remarkable commercial real estate opportunity in the thriving city of Palm Bay, This exceptional property comprises seven smaller parcels, totaling approximately 1.75 acres, with the exciting potential to add two additional parcels, for another 0.23 acres, if required, for a grand total of approximately 2 acres. Strategically positioned along one of Palm Bay's bustling thoroughfares, this property enjoys high visibility, with an impressive daily traffic count of approximately 23,000. Currently, the property features three existing houses, providing an immediate income stream while you prepare for redevelopment.

More Information MLS# 1010989

Contract Information

Comp Sale YN: No Current Price: $1,575,000 Original List Price: 1575000 List Price: $1,575,000 Status: Active Listing Contract Date: 2023-10-23 Property Sub Type: Unimproved Land

Location, Tax, and Legal

Tax Account: 2925145 Parcel Number: 29-37-06-Gk-00361.0-0015, 14, 10, 9, 8, 7, 6, .00 General County Location: South Elementary School: Turner Middle School: Southwest High School: Heritage Tax Annual Amount: 11947.78 Tax Year: 2023 Tax Legal Description: PORT MALABAR UNIT 10 LOT 6, 7, 8, 9, 10, 14,15 BLK 361 EXC ORB 3635 PG 3312 Zoning Description: Commercial/Residential/Office Directions: exit 173 head west on the SW corner of Eldron and Malabar

General Property Information

Road Frontage Feet: 260 Number Of Lots: 7 Lot Size Acres: 1.72 Lot Dimensions Source: Public Records Association YN: No Water Body Access YN: No Waterfront YN: No Land Lease YN: No Senior Community YN: No CDD Fee YN: No List Price/Acre: 915697.67

Currently Not Used

Pool Private YN: No

Remarks and Miscellaneous

Public Remarks: a remarkable commercial real estate opportunity in the thriving city of Palm Bay, This exceptional property comprises five smaller parcels, totaling approximately 1.75 acres, with the exciting potential to add two additional parcels, for another 0.23 acres, if required, for a grand total of approximately 2 acres. Strategically positioned along one of Palm Bay's bustling thoroughfares, this property enjoys high visibility, with an impressive daily traffic count of approximately 23,000. Currently, the property features three existing houses, on a month-to-month leases providing an immediate income stream while you prepare for redevelopment. Located in proximity to prominent retailers and benefiting from a signalized intersection, this property is ideally suited for a diverse range of uses.

Closing Company Details

Closing Company Name: Peninsula Title Services- Nancy Domonousky Closing Company Address: 4888 Babcock St. NE Palm Bay, FL. 32905- 321-726-6414

Current Use

Residential: 1 Single Family: 1

Fencing

Back Yard: 1

Listing Terms

Cash: 1

Lot Features

Cleared: 1 Wooded: 1

Pool Features

None: 1

Possession

Close Of Escrow: 1

Road Frontage Type

City Street: 1

Road Surface Type

Asphalt: 1 Paved: 1

Sewer

Septic Tank: 1

Special Listing Conditions

Real Estate Owned: 1 Standard: 1

Utilities

Cable Connected: 1 Electricity Connected: 1 Sewer Available: 1 Water Connected: 1

Water Source

Public: 1

Showing Requirements

Call Listing Agent: 1

Location Tax and Legal

Street Number: 328 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: Port Malabar Unit 10

Status Change Information

Major Change Timestamp: 2024-11-27T20:05:53Z Major Change Type: Status Change Status Change Timestamp: 2024-11-27

Property Features

Current Use: Residential; Single Family Fencing: Back Yard Listing Terms: Cash Lot Features: Cleared; Wooded Pool Features: None Possession: Close Of Escrow Road Frontage Type: City Street Road Surface Type: Asphalt; Paved Sewer: Septic Tank Showing Requirements: Call Listing Agent Special Listing Conditions: Real Estate Owned; Standard Utilities: Cable Connected; Electricity Connected; Sewer Available; Water Connected Water Source: Public
Listing Office: M. David Moallem, Inc
Last Updated: August - 19 - 2025
Information is deemed to be reliable, but is not guaranteed.

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