1355 Malabar Rd NW, Palm Bay, FL 32907

Listing agent Mauricio Jalil License #3207268

Listing office MJ Estates, Inc.

Listing date Aug 24, 2022

Source Crexi

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Overview

This 2.26-acre vacant commercial land parcel is located in an up-and-coming area of Palm Bay, Florida, a location ranked #7 in Best Cities to Buy a House in America. The property is situated just blocks east of I-95, positioning it between Jacksonville and Miami in East Central Florida. Zoned BMU—Bayfront Mixed Use, the site allows for a flexible mixed-use concept, including multifamily residential development up to 40 dwelling units per gross residential acre (verify with City). The property benefits from prime corridor visibility and is near demand drivers, including Health First Palm Bay Hospital, which is approximately one block away. This proximity supports steady daily traffic and strong long-term user/tenant demand. Environmental studies have been completed, and due diligence materials, such as the environmental report and survey, are available upon request. Public water and sewer may be available; the buyer is responsible for verifying capacity, connection, and availability with the appropriate utility/provider and the City. Additionally, rear residential multifamily land with 3.2 acres is also available for sale.

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 - 2.26 acres of vacant commercial land with mixed-use potential.

Where is this commercial land located?

The property is located at 1355 Malabar Rd NW Palm Bay, FL.

What is the asking price?

The asking price for this property is $1,999,000.

What are key features of this property?

This property features: 2.26 acres of vacant commercial land with Bayfront Mixed Use (BMU) potential, allowing flexible mixed‑use development including multifamily residential (up to 40 dwelling units per gross residential acre, verify with City).; Prime corridor visibility and proximity to Health First Palm Bay Hospital (approximately one block away), supporting steady traffic and strong user/tenant demand.; Located in Palm Bay, ranked #7 in Best Cities to Buy a House in America by niche.com, in East Central Florida between Jacksonville and Miami.