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1240 Malabar Road, Palm Bay, FL 32909
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$1,500,000
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Home Details for 1240 Malabar Road
Price
$1,500,000
Type
Lots/Land
Lot Size
2
County
Brevard
Tax
$2,237.9
MLS®️ Listing#
1048524
On exitrealty.com
127 days
Property 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.
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School Information
School Information for 1240 Malabar Road
Elementary School
Port Malabar
Middle School
Stone
High School
Palm Bay
Listing Courtesy: Reach Commercial Real Estate - 321-300-4773
The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of Brevard MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2025 Brevard MLS. All Rights Reserved.
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Market statistics compiled from data from Brevard County MLS (Melborn/Space Coast).
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$1,500,000
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EXIT REALTY PREMIER LEGACY
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