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Medical Office Building with New Roof

1264 Malabar Road SE Palm Bay, FL 32907

For Sale

Under Contract

$2,250,000

SINGLE_FAMILY - Palm Bay, FL

Type:Office

Property size:

5,010 SF

Lot size:

3.49 Acres

Price / SF:

$449.10/SF

For Sale

Under Contract

$2,250,000

SINGLE_FAMILY - Palm Bay, FL

Type:Office

Property size:

5,010 SF

Lot size:

3.49 Acres

Price / SF:

$449.10/SF

Added:: Apr 22, 2026
Days on Market:: 84
Last Refresh:: Jul 14 at 3:06 am

Property Features for 1264 Malabar Road SE

General Information

Property type: Residential
Property subtype: Office
Bathrooms: 5
Rooms: Bathroom 4, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 3
Parking features: Parking Lot, Off Street, Assigned
Standard status: Active Under Contract
APN: 29-37-04-00-00010.0-0000.00
Size: 5,010 SF
Lot size: 3.49 Acres

Taxes and HOA fees

Tax Year: 2024
Tax 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
Tax Annual Amount: 17681

Utilities

Sewer type: Public Sewer
Heating system: Electric (Heating), Central
Cooling system: Electric, Central Air
Water source: Public

Building Details

Year built: 1988
Floors in Building: 1
Number of units: 1
Building materials: Block, Stucco

Listing agent Michael J Toppa License #132713

Listing office Rahal Real Estate LLC 1269 S. Hwy US 1, Rockledge, FL

Listing date Apr 22, 2026

MLS# 1075327

Copyright © 2026 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This turnkey medical office building includes an established tenant arrangement with a hospital tenant in place since 2019. The property is currently generating $75,000 in annual gross income, with the lease scheduled through 2027 and two additional one-year renewal options. The most recent exterior improvement noted is a new roof installed in October 2025.

The property is located at 1264 Malabar Road SE in Palm Bay, Florida, on a 3.49-acre parcel. The site is described as being just off the Malabar Road corridor, offering a practical location for continued medical office operations.

Key Highlights

Established medical office building with a stable hospital tenant since 2019
Generates $75,000 in annual gross income; lease runs through 2027 with two 1‑year renewal options
New roof installed October 2025

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

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For sale
Medical Office Space
FL
Palm Bay
32907
1264 Malabar Road SE

What type of property is this?

Medical Office Space - Turnkey medical office investment on a 3.49-acre site with an income-producing hospital tenant and a roof replacement completed in October 2025.

Where is this medical office space located?

The property is located at 1264 Malabar Road SE Palm Bay, FL.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: Established medical office building with a stable hospital tenant since 2019; Generates $75,000 in annual gross income; lease runs through 2027 with two 1‑year renewal options; New roof installed October 2025

1264 Malabar Road SE Palm Bay, FL 32907

SINGLE_FAMILY - Palm Bay, FL

Property Features for 1264 Malabar Road SE

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Waterfront Restaurant with Private Dock

Turn-Key Restaurant with River Views

Remodeled Quadplex For Sale

Six-Unit Condo Income Property

Palm Bay Commercial Property

Palm Bay Retail Opportunity

6-Bedroom Multi-Family Home

Waterfront Restaurant with Private Dock

Freestanding Flex Retail Warehouse

Palm Bay Commercial Property For Sale

Established Restaurant on Palm Bay

Two-Story Professional Office Building

Similar Off Market Nearby

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