Property Details for 1240 Malabar Rd

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional ground lease opportunity presents 76,230 square feet of commercial land ideally situated at the high-traffic intersection of Malabar Road, I-95, and Babcock Road in Palm Bay, Florida. Boasting approximately 334 linear feet of frontage on Malabar Road, this property benefits from an average daily traffic count exceeding 40,000 vehicles. The property is zoned for commercial use and features a single tenant occupancy. The parcel number is 7097600, located in Brevard County. This prime location is perfect for businesses seeking high visibility and accessibility. Palm Bay's rapid growth, fueled by major employers such as Raytheon Technologies, Renesas Electronics, and L3Harris in the defense, ICT, aviation, and aerospace sectors, makes this an attractive investment in a thriving market. This is a unique chance to establish a presence in one of Forbes' fastest-growing cities, capitalizing on the significant traffic volume and strong economic activity of this strategic location. The property is categorized as Retail, Land, and Restaurant, offering versatility for a range of commercial ventures. This single-suite building presents a significant opportunity for a business seeking a prominent location with high exposure to a large daily traffic volume.

Location Insight

City

Malabar

County

Brevard

State

Florida

Longitude

-80.625

Latitude

27.9985