PendingUnimproved Land
1240 Malabar Road, Palm Bay, FL 32909
Palm Bay, FL 32909 · MLS #1048524The residence
About this property
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.
At a glance
Property details
- Property type
- Unimproved Land
- Listing type
- For sale
- Status
- Pending
- Lot size
- 87,120 sq. ft.
- Subdivision
- None
- County
- Brevard
- Original list price
- $1,500,000
- Listing date
- July 1, 2026
- MLS record updated
- July 3, 2026
- Annual property tax
- $2,238 (2024)
- Listing agent
- Cassandra Hartford
- Listing office
- Reach Commercial Real Estate
- MLS number
- 1048524
Neighborhood & location
Explore None
Review nearby homes, local services, commute routes, schools, flood information, and community rules as part of your due diligence. Neighborhood information can change and should be verified with the appropriate local authority.
Schools
School information
- Elementary school
- Port Malabar
- Middle school
- Stone
- High school
- Palm Bay
- School district
- Brevard Public Schools
Plan your purchase
Mortgage calculator
- Principal & interest
- $7,585
- Property taxes
- $186
- Homeowners insurance
- $750
- Estimated total
- $8,521
Estimate only. Taxes, insurance, association fees, PMI, interest rate, and lender terms vary. Confirm the actual payment and closing costs with a licensed mortgage professional. Review Florida mortgage and pre-approval guidance.
Continue your search
Similar properties nearby
Listing courtesy of Reach Commercial Real Estate, 321-300-4773.
Data provided by Space Coast MLS. Information is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified. Property availability, price, and details are subject to change without notice.