1264 Malabar Road SE Palm Bay, FL $ 1,290,000
1264 Malabar Road SE
$ 1,290,000
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1264 Malabar Road SE

Palm Bay, FL, 32907
$ 1,290,000
Bedrooms-- Baths5.0 Sq 5,010
1264 Malabar Road SE, Palm Bay, FL 32907 - Image 1
1264 Malabar Road SE, Palm Bay, FL 32907 - Image 2
1264 Malabar Road SE, Palm Bay, FL 32907 - Image 3
1264 Malabar Road SE, Palm Bay, FL 32907 - Image 4
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1264 Malabar Road SE, Palm Bay, FL 32907 - Image 6
1264 Malabar Road SE, Palm Bay, FL 32907 - Image 7
1264 Malabar Road SE, Palm Bay, FL 32907 - Image 8
1264 Malabar Road SE, Palm Bay, FL 32907 - Image 9
1264 Malabar Road SE, Palm Bay, FL 32907 - Image 10
1264 Malabar Road SE, Palm Bay, FL 32907 - Image 11
1264 Malabar Road SE, Palm Bay, FL 32907 - Image 12
1264 Malabar Road SE, Palm Bay, FL 32907 - Image 13
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Property for Rent in Palm Bay, FL

for $1,290,000 with 5 full baths. This 5,010 square foot property was built in 1988 on a lot size of 0.99.

Investment opportunity: Established medical office building with a stable hospital tenant since 2019. Lease in place until 2027, with two additional 1-year options. Generates $75,000 annual gross income.

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Rental Pending

Price

$ 1,290,000

Full Bath

5

Taxes

$ 17,681

Style

Office

Lot Size

0.99

Year Built

1988

Town/City

Palm Bay

County/Region

Brevard

MLS | Web ID

1040801

Features
General
Living Area 5010.0
Sewer Public Sewer
Heating Central Electric
Cooling Central Air Electric
Utilities Electricity Connected Water Connected
Possession Subject To Tenant Rights
Construction Materials Block Stucco
Year Built 1988
Tenant Pays Common Area Maintenance Electricity Exterior Maintenance Grounds Care Hot Water HVAC Maintenance Insurance Janitorial Service Taxes Water All Utilities
Property Subtype Office
Tax Year 2024
Current Use Medical/Dental
Gross Income 75000.0
Additional Parcels Description +/- 2.50 Acres that will be separated from the subject property which is also for sale.
County Brevard
Property Type Commercial Sale
HOA N
Attached Garage N
Subdivision Name None
Building Features Interior Corridors Kitchen Facilities Lobby Lounge Medical Office Public Restroom Rear Access Reception Area
Status Pending
Directions From I95 east on Malabar Rd. to 1264 on the right (just before Babcock St.).
City Palm Bay
Senior Community Y/N N
Number Of Units Total 1
MLS Area 343 - SE Palm Bay
Lot Size Units Acres
Lot Size Square Feet 43124.4
Land Lease Y/N N
Tax Annual Amount 17681.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor 343 - SE Palm Bay
Additional Parcels Y/N Y
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/1040801
Lease Type NNN
Standard Status Pending
Legal Description PART OF LOT 32 OF PB 1 PG 165 AS DESC IN ORB 2716 PG 623 EXC ORB 6740 PG 938 & HWY R/W
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Exterior
Parking Features Off Street Parking Lot Unassigned
Lot Features Other
Water Source Public
Inclusions Building & Land
Lot Size Area 0.99
Spa N
Lot Size Acres 0.99
Waterfront Y/N N
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 5
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Internal Only
Street Number 1 1264
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* Excluded Features
List By
Rahal Real Estate Llc

Broker

mtoppa@att.net

Email

Nearby
1363035 Elementary School
1362897 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/21/2025$1,290,000 Listed Price

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1264 Malabar Road SE, Palm Bay, FL, 32907 is a Property for Rent at $1,290,000 with 5,010 sqft and a lot size of 0.99. 1264 Malabar Road SE has 5.0 baths and was built in 1988. The property's zip code is 32907 which is in Palm Bay, FL