328 Malabar Rd, Palm Bay, FL 32909

Listing agent Vahid Rajabian License #BK3454072

Listing office PALM BAY LAND

Listing date Jun 4, 2023

Source Crexi

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Overview

This commercial real estate opportunity is located in Palm Bay, Brevard County, Florida. The property consists of five smaller parcels, totaling approximately 1.75 acres, with the potential to add two additional parcels for a total of 2.98 acres. Situated along one of Palm Bay's thoroughfares, the property benefits from high visibility and a daily traffic count of approximately 26,400 vehicles. The location is near retailers and benefits from a signalized intersection. The property's zoning and acreage allow for various uses, such as QSR franchised businesses, a modern medical complex, or a retail plaza. The property has approximately 475 feet of frontage on Malabar Road. Palm Bay is experiencing growth, increasing the demand for commercial services and amenities. A Dairy Queen is finalizing construction across the street, and a Chipotle is under construction to the east. The property features three existing houses, providing an immediate income stream while preparing for redevelopment. Water and sewer connections are available, streamlining the development process. The property is suitable for investors seeking a high-traffic location or developers with redevelopment plans.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Palm Bay

County

Brevard

State

Florida

Longitude

-80.75

Latitude

27.9268

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FAQs

What type of property is this?

Commercial land - Signalized corner lot suitable for commercial redevelopment in Palm Bay.

Where is this commercial land located?

The property is located at 328 Malabar Rd Palm Bay, FL.

What is the asking price?

The asking price for this property is $1,575,000.

What are key features of this property?

This property features: Prime Commercial Redevelopment Opportunity: 1.75 acres (potential for 2.98 acres) in booming Palm Bay, Brevard County.; Strategic Corner Location: Signalized intersection on a main road with high visibility (approx. 26,400 daily traffic count).; Versatile Zoning: Suitable for QSR franchises, medical complex, retail plaza, and other commercial uses.