328 Malabar Road SE, Palm Bay, FL 32907

Listing agent Vahid Rajabian License #BK3454072

Listing office PALM BAY LAND

Listing date Apr 16, 2024

Source Crexi

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Overview

This commercial real estate opportunity is located in Palm Bay. The property consists of five smaller parcels, totaling approximately 1.75 acres. There is potential to add two additional parcels, for another 0.23 acres, for a grand total of approximately 2 acres. The property is positioned along one of Palm Bay's thoroughfares, with a daily traffic count of approximately 23,000. There are currently three houses on the property, on month-to-month leases, providing an immediate income stream while preparing for redevelopment. The property is located in proximity to retailers and benefits from a signalized intersection, making it suited for a range of uses.

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

-80.7312

Latitude

27.9988

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FAQs

What type of property is this?

Commercial land - 1.75 acres with redevelopment potential in Palm Bay, Florida.

Where is this commercial land located?

The property is located at 328 Malabar Road SE 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: High‑visibility location on a bustling thoroughfare, boasting approximately 23,000 daily traffic count.; Immediate income stream from three existing houses on month‑to‑month leases.; Totaling approximately 1.75 acres, with the potential to expand to approximately 2 acres.