1357 Malabar Rd Palm Bay, FL 32907
- Land
- 3.20 lot acres
Current Use by Public Records
- Land
Property Details for 1357 Malabar Rd
- Lot size
- 3.20 lot acres
- Property type
- Land
Description
Exceptional opportunity to acquire 3.2 acres of multifamily-zoned land in Palm Bay, Florida. This prime parcel, located at 1357 Malabar Rd, Palm Bay, FL 32907 (APN: 28-37-34-00-506), is ideally situated just blocks east of I-95, offering convenient access to major transportation routes. Palm Bay's strategic location in east central Florida, between Jacksonville and Miami, and southeast of Orlando, contributes to its strong appeal. The property is zoned RM-15, permitting the development of multi-family dwellings with a maximum density of fifteen (15) units per gross residential acre. Comprehensive environmental studies have already been completed, streamlining the development process. Public water and sewer services are readily available via the abutting Malabar Road. This unique parcel presents a compelling investment opportunity in a thriving market recently ranked #7 in Best Cities to Buy a House in America by niche.com. The asking price is $999,000. Detailed environmental studies and surveys are available upon request following the completion of a Confidentiality Agreement. This corporate-owned land offers significant potential for substantial returns.
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
- -80.6175
- Latitude
- 27.9984
