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1264 Malabar Road SE Palm Bay, FL $ 2,250,000
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1264 Malabar Road SE
$ 2,250,000
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1264 Malabar Road SE

Palm Bay, FL, 32907
$ 2,250,000
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
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1264 Malabar Road SE, Palm Bay, FL 32907 - Image 11
1264 Malabar Road SE, Palm Bay, FL 32907 - Image 12
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1264 Malabar Road SE, Palm Bay, FL 32907 - Image 18

Property for Rent in Palm Bay, FL

for $2,250,000 with 5 full baths. This 5,010 square foot property was built in 1988 on a lot size of 3.49.

Prime Income-Producing Medical Office & Development Site Secure a turnkey investment featuring an established medical office building, anchored by a stable hospital tenant since 2019. Currently generating $75,000 in annual gross income, the lease runs through 2027 with two 1-year renewal options. Located just off the high-traffic Malabar Road corridor, this parcel offers immediate cash flow alongside significant development upside. Benefit from a thriving professional ecosystem and versatile zoning in one of the area's most sought-after business hubs. New roof in October 2025.

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Rental Active

Price

$ 2,250,000

Full Bath

5

Taxes

$ 17,681

Style

Office

Lot Size

3.49

Year Built

1988

Town/City

Palm Bay

County/Region

Brevard

MLS | Web ID

1075327
Features
General
Living Area 5010
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
County Brevard
Property Type Commercial Sale
Attached Garage false
Subdivision Name None
Building Features Interior Corridors Kitchen Facilities Lobby Lounge Medical Office Public Restroom Rear Access Reception Area
Status Active
Directions From I95 east on Malabar Rd. to 1264 on the right (just before Babcock St.).
City Palm Bay
Number Of Units Total 1
MLS Area 343 - SE Palm Bay
Lot Size Units Acres
Lot Size Square Feet 152024.4
Tax Annual Amount 17681
MLS Area Minor 343 - SE Palm Bay
Additional Parcels Y/N false
Lease Type NNN
Standard Status Active
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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Interior
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Total Baths 5
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Exterior
Parking Features Off Street Parking Lot Unassigned
Lot Features Other
Water Source Public
Inclusions Building & Land
Lot Size Area 3.49
Building Area Total 5010
Lot Size Acres 3.49
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* Excluded Features
List By
Rahal Real Estate Llc

Broker

mtoppa@att.net

Email

Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/22/2026$2,250,000 Listed Price

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1264 Malabar Road SE, Palm Bay, FL, 32907 is a Property for Rent at $2,250,000 with 5,010 sqft and a lot size of 3.49. 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

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