Property profile

1600 Corey Rd Malabar, FL 32950

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 76,230 square foot commercial lot, located at 1600 Corey Road in Malabar, Florida (zip code 32950), presents a unique investment opportunity. Situated within the desirable Stillwater Preserve community, this 1.75-acre parcel offers a tranquil setting backing onto a protected preserve, ensuring lasting privacy and preventing future development behind the property. The lot is conveniently located and benefits from potentially available private financing options. While the property is currently zoned for residential use, its size and location make it highly suitable for a variety of commercial developments, subject to local zoning regulations. The community boasts low HOA fees and requires custom fencing post-construction, enhancing its exclusive character. Building specifications mandate a minimum of 2,500 square feet for single-story homes and 1,800 square feet on the first floor for two-story homes. Importantly, the lot is already prepared for construction with fill already in place, streamlining the building process. The asking price for this remarkable property is $205,000. This presents a rare chance to acquire a substantial commercial lot in a highly sought-after location. Serious inquiries are encouraged.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1600 Corey Rd Malabar, FL 32950
Malabar metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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