1240 Malabar Road, Palm Bay, FL 32909

$1,500,000
Property Type: Land Lot Size (sq. ft.): 87,120 Status: Active
Current Price: $1,500,000 List Date: 1/02/2026 Last Modified: 6/09/2026

Overview

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 Details MLS# 1048524

General Property Information

Lot Size Acres
2
Lot Size Square Feet
87120
Water Body Access YN
No
CDD Fee YN
No
List Price/Acre
750000

Property Features

Current Use: Other Listing Terms: Other Lot Features: Other Possession: Other Road Frontage Type: City Street Sewer: Unknown Showing Requirements: Call Listing Agent Special Listing Conditions: Standard Utilities: Other View: Other Water Source: Other

Contract Information

Original List Price
1500000
Listing Contract Date
2025-06-09
Property Sub Type
Unimproved Land

Location Tax and Legal

Street Number
1240
Street Name
Malabar
Street Suffix
Road
County
Brevard
State
FL
Postal Code
32909
MLS Area Major
343 - SE Palm Bay
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
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.

Status Change Information

Major Change Timestamp
2026-01-02T18:32:09Z
Major Change Type
Status Change
Status Change Timestamp
2026-01-02

More Information

Location, Tax, and Legal

Tax Account
3034636
Parcel Number
29-37-04-00-00019.0-0000.00
General County Location
South
Elementary School
Port Malabar
Middle School
Stone
High School
Palm Bay
Tax Annual Amount
2237.9
Tax Year
2024
Tax Legal Description
PART OF LOT 31 OF PB 1 PG 165 DESC AS: COMM @ NW COR OF TRACT G-2 OF PB 30 PG 67; THENCE N00W 740.43 FT; THENCE N89E 325
Directions
From I-95, take Exit 173 for Malabar Road (CR 514) and head east for approximately 2 miles. The property will be on your right, just past the intersection with Emerson Drive SE.

Current Use

Other
Yes

Listing Terms

Other
Yes

Lot Features

Other
Yes

Possession

Other
Yes

Road Frontage Type

City Street
Yes

Sewer

Unknown
Yes

Special Listing Conditions

Standard
Yes

Utilities

Other
Yes

View

Other
Yes

Water Source

Other
Yes

Showing Requirements

Call Listing Agent
Yes
Listing Office: Reach Commercial Real Estate
Last Updated: June - 09 - 2026
Information is deemed to be reliable, but is not guaranteed.
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