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Mixed-Use Community with Shell Space
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2495 NE Port Malabar Boulevard 1, Palm Bay, FL 32905

New shell space within a residential community offering commercial accommodations and views over the Indian River.

Property SizeContact for details
Days on Market49

Property Features for 2495 NE Port Malabar Boulevard 1

General Information

Standard status Active
Listing Agency: ITG Property Management
Listed By: Rusty Melle · License #3185860
Source: Startbrevardsearch
Added: Jul 13 Changed: Aug 29 Last Checked: Aug 29 at 10:19PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ITG Property Management

Investment Insights

Based on property information with market context.

Completed in 2025, this mixed-use community incorporates 318 apartment units, 6 townhomes, and 19,000 SF of commercial space. Available shell suites range from 1,200 to 9,007 SF, with tenant improvements negotiable for incoming occupants. The commercial component is positioned within a larger residential setting that includes resident gathering areas and resort-style amenities.

The property overlooks the Indian River and carries a reported traffic count of 22,000 for 2023. Its commercial space is suited to retail, dining, and professional service uses as described in the property information, with the surrounding residential units providing an established on-site population.

Key Highlights

  • 19,000 SF of commercial space within a mixed‑use community
  • Available shell spaces range from 1,200‑9,007 SF
  • 318 apartment units and 6 townhomes on the property

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Spa & Massage Center Hair Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

190
Businesses Nearby

Demographics for 32905, FL

26,064
Population
12,635
Households
2.1
Avg Household Size
45
Median Age
27%
College-Educated
91%
High-School Grad
9.7 sq mi
ZIP Area
2,687
Density / Sq Mi
$56,671
Median Household Income
$31,688
Median Earnings
$1,361
Median Rent
$206,200
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - New shell space within a residential community offering commercial accommodations and views over the Indian River.
Where is this mixed-use property located?
The property is located at 2495 NE Port Malabar Boulevard 1 Palm Bay, FL.
What are key features of this property?
This property features: 19,000 SF of commercial space within a mixed‑use community; Available shell spaces range from 1,200‑9,007 SF; 318 apartment units and 6 townhomes on the property
More about this property
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