1264 Malabar Road SE, Palm Bay, FL 32907
$2,250,000
Property Type:
Commercial Sale
Baths:
5
Square Footage:
5,010
Lot Size (sq. ft.):
152,024
Status:
Active Under Contract
Current Price:
$2,250,000
List Date:
4/22/2026
Last Modified:
6/08/2026
Overview
Description
Prime Income-Producing Medical Office & Development Site Secure a turnkey investment featuring an established medical office building, anchored by a stable hospital tenant since 2019. Currently generating $75,000 in annual gross income, the lease runs through 2027 with two 1-year renewal options. Located just off the high-traffic Malabar Road corridor, this parcel offers immediate cash flow alongside significant development upside. Benefit from a thriving professional ecosystem and versatile zoning in one of the area's most sought-after business hubs. New roof in October 2025.
Listing Details MLS# 1075327
General Property Information
- Number Of Units Total
- Yes
- Stories Total
- Yes
- Bathrooms Total
- 5
- Building Area Total
- 5010
- Building Area Source
- Appraiser
- Year Built
- 1988
- Lot Size Acres
- 3.49
- Water Body Access YN
- No
- List Price/SqFt
- 449.1
Property Features
Building Features:
Interior Corridors; Kitchen Facilities; Lobby; Lounge; Medical; Office; Public Restroom; Rear Access; Reception Area
Construction Materials:
Block; Stucco
Cooling:
Central Air; Electric
Current Use:
Medical/Dental
Existing Lease Type:
NNN
Heating:
Central; Electric
Lot Features:
Other
Owner Pays:
Repairs
Parking Features:
Off Street; Parking Lot; Unassigned
Possession:
Subject To Tenant Rights
Sale Includes:
Building & Land
Sewer:
Public Sewer
Showing Considerations:
Occupied
Showing Requirements:
24 Hour Notice; Call Listing Agent; Listing Agent Must Accompany; Restricted Hours
Special Listing Conditions:
Presently Leased; Standard
Tenant Pays:
All Utilities; Common Area Maintenance; Electricity; Exterior Maintenance; Grounds Care; Hot Water; HVAC Maintenance; Insurance; Janitorial Service; Taxes; Water
Utilities:
Electricity Connected; Water Connected
Water Source:
Public
Contingency Reason:
Inspection
Contract Information
- Original List Price
- 2250000
- Listing Contract Date
- 2026-04-22
- Property Sub Type
- Office
Location Tax and Legal
- Street Number
- 1264
- Street Name
- Malabar
- Street Suffix
- Road
- Street Direction Suffix
- SE
- County
- Brevard
- State
- FL
- Postal Code
- 32907
- MLS Area Major
- 343 - SE Palm Bay
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- Prime Income-Producing Medical Office & Development Site Secure a turnkey investment featuring an established medical office building, anchored by a stable hospital tenant since 2019. Currently generating $75,000 in annual gross income, the lease runs through 2027 with two 1-year renewal options. Located just off the high-traffic Malabar Road corridor, this parcel offers immediate cash flow alongside significant development upside. Benefit from a thriving professional ecosystem and versatile zoning in one of the area's most sought-after business hubs. New roof in October 2025.
Status Change Information
- Major Change Timestamp
- 2026-06-08T18:09:52Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2026-06-08
- Contingency
- Active Under Contract
More Information
Building Features
- % Air Conditioned or Heated
- 100
- Interior Corridors
- Yes
- Kitchen Facilities
- Yes
- Lobby
- Yes
- Lounge
- Yes
- Medical
- Yes
- Office
- Yes
- Public Restroom
- Yes
- Rear Access
- Yes
- Reception Area
- Yes
Income and Expenses
- Gross Income
- 75000
Unit 1 Details
- Unit ID
- 1264
- Annual Rent
- 75000
- Unit SqFt
- 5010
- # Units (This Type)
- Yes
- Furnished
- Unfurnished
- Unit Remarks
- Tenant occupied
Location, Tax, and Legal
- Tax Account
- 2923407
- Parcel Number
- 29-37-04-00-00010.0-0000.00
- General County Location
- South
- Tax Annual Amount
- 17681
- Tax Year
- 2024
- Tax Legal Description
- PART OF LOT 32 OF PB 1 PG 165 AS DESC IN ORB 2716 PG 623 EXC ORB 6740 PG 938 & HWY R/W
- Additional Parcels YN
- No
- Directions
- From I95, east on Malabar Rd. to 1264 on the right (just before Babcock St.).
Construction Materials
- Block
- Yes
- Stucco
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
Current Use
- Medical/Dental
- Yes
Heating
- Central
- Yes
- Electric
- Yes
Lot Features
- Other
- Yes
Parking Features
- Off Street
- Yes
- Parking Lot
- Yes
- Unassigned
- Yes
Possession
- Subject To Tenant Rights
- Yes
Owner Pays
- Repairs
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Presently Leased
- Yes
- Standard
- Yes
Tenant Pays
- All Utilities
- Yes
- Common Area Maintenance
- Yes
- Electricity
- Yes
- Exterior Maintenance
- Yes
- Grounds Care
- Yes
- Hot Water
- Yes
- HVAC Maintenance
- Yes
- Insurance
- Yes
- Janitorial Service
- Yes
- Taxes
- Yes
- Water
- Yes
Utilities
- Electricity Connected
- Yes
- Water Connected
- Yes
Water Source
- Public
- Yes
Showing Requirements
- 24 Hour Notice
- Yes
- Call Listing Agent
- Yes
- Listing Agent Must Accompany
- Yes
- Restricted Hours
- Yes
Existing Lease Type
- NNN
- Yes
Showing Considerations
- Occupied
- Yes
Sale Includes
- Building & Land
- Yes
Contingency Reason
- Inspection
- Yes
Documents
Survey ›
Listing Office:
Rahal Real Estate LLC
Last Updated: June - 08 - 2026
Information is deemed to be reliable, but is not guaranteed.