1206 Malabar Road SE, Palm Bay, FL 32907

$8,250,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1058524

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Property Type: Land Lot Size (sq. ft.): 112,820 Status: Pending

Current Price: $8,250,000 List Date: 10/01/2025 Last Modified: 7/03/2026

Overview

Description

This 30-acre spot in Palm Bay, right at Malabar Road and Babcock Street, is primed for flex or light industrial builds, with ready concepts over 200,000 SF plus an out parcels. Flat terrain and stable sandy soils make foundations straightforward based on the 2022 geotech report, with a clean Phase I ESA showing no major environmental red flags, low flood risk in Zone X, and just minor wetlands needing basic mitigation. It's under a half mile from I-95, pulling in 55,000+ vehicles daily on Malabar for solid visibility and access. Palm Bay's market is heating up in 2025, with the city's population hitting around 146,000 (up 3.65% yearly) and Brevard County's unemployment at a low 4.3%. The industrial/flex sector is strong, boasting 4.49% absorption and rents climbing to $14-17/SF NNN, making flex park the top play under CC/IU zoning with up to 0.5 FAR. Completed I-95 upgrades in 2026 boost connectivity and long-term upside.

Listing Details MLS# 1058524

General Property Information

Lot Size Acres: 2.59
Lot Size Square Feet: 112820
CDD Fee YN: No
List Price/Acre: 3185328.19

Property Features

Current Use: Other Development Status: Other Listing Terms: Other Lot Features: Cleared Other Structures: Other Possession: Other Road Frontage Type: City Street Sewer: Unknown Showing Requirements: Call Listing Agent; Listing Agent Must Accompany Special Listing Conditions: Standard Utilities: Other View: Other Water Source: None

Contract Information

Original List Price: 8250000
Listing Contract Date: 2025-10-01
Property Sub Type: Unimproved Land

Location Tax and Legal

Street Number: 1206
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: This 30-acre spot in Palm Bay, right at Malabar Road and Babcock Street, is primed for flex or light industrial builds, with ready concepts over 200,000 SF plus an out parcels. Flat terrain and stable sandy soils make foundations straightforward based on the 2022 geotech report, with a clean Phase I ESA showing no major environmental red flags, low flood risk in Zone X, and just minor wetlands needing basic mitigation. It's under a half mile from I-95, pulling in 55,000+ vehicles daily on Malabar for solid visibility and access. Palm Bay's market is heating up in 2025, with the city's population hitting around 146,000 (up 3.65% yearly) and Brevard County's unemployment at a low 4.3%. The industrial/flex sector is strong, boasting 4.49% absorption and rents climbing to $14-17/SF NNN, making flex park the top play under CC/IU zoning with up to 0.5 FAR. Completed I-95 upgrades in 2026 boost connectivity and long-term upside.

Status Change Information

Major Change Timestamp: 2026-07-03T15:14:42Z
Major Change Type: Status Change
Status Change Timestamp: 2026-07-03
Purchase Contract Date: 2026-07-01

More Information

Listing Office: Reach Commercial Real Estate

Last Updated: July - 03 - 2026

Information is deemed to be reliable, but is not guaranteed.