FL
Brevard
Palm Bay
32909
1240 Malabar Road
1240 Malabar Road, Palm Bay, FL 32909
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Listing Type
Lots/Land
Listing Status
Active
3
$1,500,000

Home Details for 1240 Malabar Road

Price
$1,500,000
Type
Land
Lot size acres
2
County
Brevard
Days on site
334
MLS Listing#
1048524
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.

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Property Features
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  • Utilities
    • Other
School Information
School Information for 1240 Malabar Road, Palm Bay, FL 32909
Elementary School
Port Malabar
Middle School
Stone
High School
Palm Bay
Listing Courtesy: Reach Commercial Real Estate - 321-300-4773
The data relating to real estate for sale on this website comes in part from the Internet Data exchange program of Brevard MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Brevard MLS. All Rights Reserved.
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from Brevard County MLS (Melborn/Space Coast).
EXIT RIGHT REALTY
2036 14th Ave Ste 103, Vero Beach, FL 32960
Office
772 404 4450
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