3.2-Acre Residential Parcel in Palm
For Sale
Contact for pricing
1357 Malabar Rd, Palm Bay, FL 32907
3.2-acre residential parcel in up-and-coming Palm Bay, Florida.
Property SizeContact for details
Lot Size3.20 Acres
Days on Market1564
Property Features for 1357 Malabar Rd
General Information
Standard status
Active
Lot size
3.20 Acres
Property subtype
Land
Zoning
RM-15
Listing Agency:
MJ Estates, Inc.
Listed By:
Mauricio Jalil · License #3207268
(305) 984-8693
Source:
Crexi
Added: May 27, 2022
Changed: Aug 8
Last Checked: Aug 8 at 4:13AM
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 MJ Estates, Inc.
Investment Insights
Based on property information with market context.
This 3.2-acre residential parcel is located in an up-and-coming area of Palm Bay, Florida, just blocks east of I-95. Palm Bay is situated in East Central Florida, southeast of Orlando, between Jacksonville and Miami. The location has been ranked #7 in Best Cities to Buy a House in America by niche.com. Environmental studies have been completed for the property. Public water and sewer may be available, but verification is required by the buyer. The parcel features frontage on Malabar Rd, a designated high-traffic corridor, and is located one block from Health First Palm Bay Hospital, a major regional employer. The property is ideal for development under the Live Local Act (SB 102), presenting a potential multifamily or mixed-use opportunity with 40% affordable units to pursue increased density, height, use allowances, and possible incentives, subject to eligibility. Buyers are responsible for verifying zoning, Live Local qualifications, and all development parameters with the City of Palm Bay. Upon full execution of the Confidentiality Agreement, access to the environmental study and survey will be granted.
Key Highlights
- Ideal for development under the Live Local Act (SB 102) offering potential multifamily/mixed‑use opportunity with increased density/height/use allowances and possible incentives.
- Located in Palm Bay, ranked #7 in Best Cities to Buy a House in America by niche.com.
- Prime frontage on Malabar Rd, a designated high‑traffic corridor.
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?
Residential land & home lot - 3.2-acre residential parcel in up-and-coming Palm Bay, Florida.
Where is this residential land & home lot located?
The property is located at 1357 Malabar Rd Palm Bay, FL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Ideal for development under the Live Local Act (SB 102) offering potential multifamily/mixed‑use opportunity with increased density/height/use allowances and possible incentives.; Located in Palm Bay, ranked #7 in Best Cities to Buy a House in America by niche.com.; Prime frontage on Malabar Rd, a designated high‑traffic corridor.
