328 Malabar Rd Palm Bay, FL 32907
- Land
Current Use by Public Records
- Land
Property Details for 328 Malabar Rd
- Property type
- Land
Description
This exceptional Palm Bay, Florida commercial property presents a remarkable investment opportunity. Located at 328 Malabar Road SE, 32907, this 1.75-acre (with potential for expansion to 2 acres) site boasts high visibility on a major thoroughfare with approximately 23,000 vehicles passing daily. The property currently features three houses generating immediate rental income on month-to-month leases, providing a steady cash flow while redevelopment plans are formulated. Its prime location near key retailers and a signalized intersection makes it ideal for various commercial ventures, including quick-service restaurants (QSR), medical complexes, or retail plazas. The land consists of five parcels, with the option to acquire two additional parcels for a total of approximately 2 acres. This versatile property offers significant potential for substantial returns. The asking price is $1,575,000. The lot size is 74,923.2 square feet.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palm Bay
- County
- Brevard
- State
- Florida
- Longitude
- -80.6882
- Latitude
- 28.0182
