HOMES BY DARCI
Southern Key Realty
1240 Malabar Road, Palm Bay FL 32909
Address
1240 Malabar Road, Palm Bay, FL
Price
$ 1,500,000
Property Attributes
- MLS#1048524
- TypeLand
- Listing Status Active
- CountyBrevard
- CityPalm Bay
- AreaSE Palm Bay
- Zip32909
- StyleUnimproved Land
- Taxes$ 2237
- Price$ 1,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size2 Acres
Data Source:
Space Coast AOR
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.
| Elementary School | Middle School | High School |
|---|---|---|
| Port Malabar Elementary School | Stone Middle School | Palm Bay High School |
| Price History | |
|---|---|
| 2/20/2026 | Listed $1,500,000 |
General Features
| Sewer | Unknown |
|---|---|
| Utilities | Other |
| Possession | Other |
| View | Other |
| Property Subtype | Unimproved Land |
| Tax Year | 2024 |
| Current Use | Other |
| County | Brevard |
| Property Type | Land |
| 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 |
| MLS Area | 343 - SE Palm Bay |
| Lot Size Units | Acres |
| Lot Size Square Feet | 87120 |
| Elementary School | Port Malabar |
| Tax Annual Amount | 2237.9 |
| Middle/Junior High School | Stone |
| MLS Area Minor | 343 - SE Palm Bay |
| 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 |
Exterior Features
| Lot Features | Other |
|---|---|
| Water Source | Other |
| Lot Size Area | 2 |
| Lot Size Acres | 2 |
| Road Frontage Type | City Street |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Land Average in 32909
Price
Taxes
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Seller Financing
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