1240 Malabar Road, Palm Bay, FL 32909

Land
Built in ——
2acre lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

This 1.90-acre GC-zoned site sits at I-95 Exit 173 on Malabar Rd (SR 514), Palm Bay's busiest east-west corridor. ±334' frontage offers visibility from the I-95 off-ramp—ideal for QSR, retail, medical, or office use. Traffic exceeds 50,000 VPD, fueled by commuters and growth west of I-95, incl. 800+ homes at St. John's Preserve. City water/sewer available. GC zoning allows development without rezoning. Access is right-in/right-out on Malabar, with potential full access via nearby Babcock St signal. Parcel fits two QSR pads, 10-12K SF strip, or medical/pro office. Palm Bay pop. nearing 149K, median income $67.5K. Major employers nearby incl. L3Harris, Raytheon, Renesas & Palm Bay Hospital. Area tenants: Walmart, Lowe's, Home Depot, and new Publix center. Comparable I-95 sites trade $750K-$1.2M/acre. Priced at $789K/acre. Ideal for QSR, convenience, urgent care, or NNN tenant. Ground lease or BTS considered.

Listing Status:: Active
Date Added:: June 9, 2025 at 05:00AM
Listing Office:: Reach Commercial Real Estate : 321-300-4773
Listing Agent:: Cassandra Hartford : 321-300-4773
MLS ID:: 1048524

Road/Access: City Street
Originating MLS: Space Coast MLS (Space Coast Association of REALTORS®)
County: Brevard

This listing courtesy of Cassandra Hartford, Reach Commercial Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Port Malabar Elementary School

301 Pioneer Ave NE, Palm Bay, FL, 32907

Grades PK-6

0.57 miles away

Royal Palm Charter School

7145 Babcock St NE, Palm Bay, FL, 32909

Grades KG-8

2.12 miles away

Palm Bay Magner High School

101 Pirate Ln, Melbourne, FL, 32901

Grades 9-12

3.52 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.