Palm Bay Commercial Land
For Sale
$1,575,000
328 SE Malabar Road, Palm Bay, FL 32907
1.75 acres with redevelopment potential in Palm Bay, Florida.
Property SizeContact for details
Lot Size2.00 Acres
Days on Market165
Property Features for 328 SE Malabar Road
General Information
Standard status
Active
Lot size
2.00 Acres
Property subtype
Land
Listing Agency:
M. David Moallem, Inc
(321) 724-2424
Listed By:
Vahid Reza Rajabian · License #3454072
(321) 333-7230
Source:
Startbrevardsearch
Added: Mar 27
Changed: Sep 6
Last Checked: Sep 6 at 9:24AM
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 M. David Moallem, Inc
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 32907, FL
44,432
Population
17,761
Households
2.5
Avg Household Size
44
Median Age
22%
College-Educated
91%
High-School Grad
17.7 sq mi
ZIP Area
2,510
Density / Sq Mi
$71,827
Median Household Income
$36,498
Median Earnings
$1,693
Median Rent
$253,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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 SE Malabar Road 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.
