Palm Bay Commercial Land
For Sale
Contact for pricing
1355 Malabar Rd NW, Palm Bay, FL 32907
2.26 acres of vacant commercial land with mixed-use potential.
Property SizeContact for details
Lot Size2.26 Acres
Days on Market1476
Property Features for 1355 Malabar Rd NW
General Information
Standard status
Active
Lot size
2.26 Acres
Property subtype
Land
Listing Agency:
MJ Estates, Inc.
Listed By:
Mauricio Jalil · License #3207268
(305) 984-8693
Source:
Crexi
Added: Aug 24, 2022
Changed: Aug 31
Last Checked: Sep 4 at 5:59PM
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 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.
Key Highlights
- 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.
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 - 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.
