1240 Malabar Road, Palm Bay, FL 32909

$1,500,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1048524

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Property Type: Land Lot Size (sq. ft.): 87,120 Status: Pending

Current Price: $1,500,000 List Date: 7/01/2026 Last Modified: 7/03/2026

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: 2026-07-03T15:16:13Z
Major Change Type: Status Change
Status Change Timestamp: 2026-07-03
Purchase Contract Date: 2026-06-01

More Information

Listing Office: Reach Commercial Real Estate

Last Updated: July - 03 - 2026

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