Back to search
1240 Malabar Road Palm Bay, FL $ 1,500,000
Share Save
$ 1,500,000 Get more info
1240 Malabar Road
$ 1,500,000
Back to search
Share Save

1240 Malabar Road

Palm Bay, FL, 32909
$ 1,500,000
Baths0.0

Monthly Estimate*

$ 9,358

1240 Malabar Road, Palm Bay, FL 32909 - Image 1
1240 Malabar Road, Palm Bay, FL 32909 - Image 2
1240 Malabar Road, Palm Bay, FL 32909 - Image 3
View a Virtual Tour
Studio

Lots and Land for sale in Palm Bay, FL

for $1,500,000. The lot size is 2.

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.

See more
Lots and Land Active

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 2,237

Style

Unimproved Land

Lot Size

2

Town/City

Palm Bay

County/Region

Brevard

MLS | Web ID

1048524
Features
General
Sewer Unknown
Utilities Other
Possession Other
View Other
Property Subtype Unimproved Land
Tax Year 2024
Current Use Other
County Brevard
Property Type Land
HOA N
Subdivision Name None
Status Active
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.
High School Palm Bay
City Palm Bay
Senior Community Y/N N
MLS Area 343 - SE Palm Bay
Lot Size Units Acres
Lot Size Square Feet 87120.0
Elementary School Port Malabar
Land Lease Y/N N
Tax Annual Amount 2237.9
Home Warranty Y/N N
Middle/Junior High School Stone
Lease Renewal Y/N N
MLS Area Minor 343 - SE Palm Bay
Lease Considered Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/spc/1048524
Standard Status Active
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
See more
Exterior
Lot Features Other
Water Source Other
Lot Size Area 2.0
Spa N
Lot Size Acres 2.0
Waterfront Y/N N
Road Frontage Type City Street
Crops Included Y/N N
Irrigation Water Rights Y/N N
See more
Interior
Basement (Y/N) N
Total Baths 0
See more
Internal Only
Street Number 1 1240
See more
* Excluded Features
List By
Reach Commercial Real Estate

Broker

cassandra@reachcommercialre.com

Email

Affordability Calculator

$9,544
Per Month
98%
2%
0%
Monthly Principal & Interest
$9,358
Monthly Property Taxes
$186
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
1362898 Elementary School
1362913 Middle School
Palm Bay High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/9/2025$1,500,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

1240 Malabar Road, Palm Bay, FL, 32909 is a Lots and Land for sale at $1,500,000 with a lot size of 2. 1240 Malabar Road is a studio with 0.0 baths. The property's zip code is 32909 which is in Palm Bay, FL

Get more info