328 Malabar Rd Palm Bay, FL 32909
Signalized corner lot suitable for commercial redevelopment in Palm Bay.
Type:Land
Lot size:
2.98 Acres- Added:
- Jun 4, 2023
- Days on Market:
- 1056
- Last Refresh:
- Mar 17 at 1:24 pm
Property Features for 328 Malabar Rd
General Information
- Standard status
- Active
- Lot size
- 2.98 Acres
- Property subtype
- Land
Listing agent Vahid Rajabian License #BK3454072
Listing office PALM BAY LAND
Listing date Jun 4, 2023
Source Crexi
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 PALM BAY LAND
Overview
Palm Bay Redevelopment Opportunity
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Palm Bay
- County
- Brevard
- State
- Florida
- Longitude
- -80.75
- Latitude
- 27.9268
Nearby Similar for Sale
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.
