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$1,600,000 -$150,000 (-8.57%) Price Reduced
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Property Description
Prime mixed-use investment opportunity on Florida's Space Coast. Located at 1280 US Highway 1 in Malabar, this fully renovated 4,357 SF three-unit commercial property sits on 0.61 acres with 113' of high-visibility US-1 frontage and multiple income streams. Three flexible units support retail, office, medical, service, or restaurant use, including a medical-ready space with lead-lined X-ray room and strong restaurant conversion potential. Property features high-end finishes, updated systems, 13 paved parking spaces plus additional gravel parking, and a 110' x 20' concrete slab for expansion (buyer to verify). Unique indirect waterfront access includes a brand-new 450' dock with 16,000-lb boat lift. Major upgrades include full renovation (2025), flat roof (2024), metal roof (2017, sealed 2023), HVAC (2023/2017), and cast iron plumbing replacement. Seller financing available with first right of refusal on adjacent parcel. 7.38% Projected Cap Rate at 100% Occupancy
Full Property Details
Full Property Details for 1280 Hwy 1
General
- Price: $1,600,000
- Taxes: $10,639 (2025)
- Status: Active
- Type: Commercial
- Source: BrevardCounty
- MLS ID: 1058133
- Updated: 4/21/2026
- Added to Site: 207 day(s) ago
Rental Information
- Complex Features: Kitchen Facilities, Laundry, Lobby, Lounge, Manager on Premise, Office, Outside Storage, Rear Access, Separate Office Area
Interior
- Flooring: Laminate, Tile, Vinyl, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
Parking
- Parking Features: Additional Parking, Assigned, Parking Lot, Varies by Unit
Location
- Area: 342 - Malabar/Grant-Valkaria
- County: Brevard
- Subdivision: None
- Driving Directions: Heading eastbound on Malabar Rd, take Highway 1 Northbound, Property is the second one on the West side of Highway 1.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Ceiling Fan(s), Central Air, Electric, Multi Units
- Heating Type: Central, Electric
Utilities
- Sewer: Septic Tank
- Water: Private, Well
- Well: Yes
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Connected, Sewer Not Available, Water Connected
Structural Information
- Exterior Const.: Concrete, Frame, Stucco
- Roof: Metal, Wood Truss/Raft
- Stories/Levels: 1
- Square Feet: 4,357
- Sq. Ft. Source: Measured
- Living Area: 4,357 Sq. Ft.
- Current Bldg. Use: Commercial, Mixed Use, Office, Retail
- Year Built: 1948
Unit Information
- Units in Building: 3
Lot Features
- Lot Size (Acres): 0.61
- Lot Size (Sq. Ft.): 26,571.6
- Frontage: Highway
- Lot Features: Cleared
Water Features
- Water Front: Yes
- Water Front Name: Indian River
Financial Considerations
- Price Per Sq. Ft.: $367.23
- Tax Amount: $10,639.95
- Tax Year: 2025
- Terms: Cash, Conventional, Private Financing Available, Other
- Owner Pays: Common Area Maintenance, Exterior Maintenance, Repairs, Roof Maintenance, Trash Collection, Water
- Tenant Pays: Cable TV, Electricity, Insurance, Janitorial Service, Pest Control, Security, Taxes, Telephone, All Utilities
Disclosures and Reports
- Property ID: 28-38-31-00-00262.0-0000.00
Listed by EXP Realty, LLC
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Schools
Schools serving 1280 Hwy 1
School District:Brevard County School District
| Name | Grades | Distance |
|---|---|---|
Port Malabar Elementary School 301 Pioneer Avenue Northeast, Palm Bay, FL 32907 | PK-6 | 3.4 mi |
Palm Bay Magnet Senior High School 101 Pirate Lane, Melbourne, FL 32901 | 9-12 | 4.4 mi |
Stone Magnet Middle School 1101 East University Boulevard, Melbourne, FL 32901 | 7-8 | 4.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1280 Hwy 1
Date
Details
Price
Change
Source
4/21/2026
Price Reduced
$1,600,000
-8.57%
MLS
4/02/2026
Price Reduced
$1,750,000
-12.5%
MLS
2/26/2026
Price Reduced
$2,000,000
-11.11%
MLS
10/30/2025
Price Reduced
$2,250,000
-6.25%
MLS
9/26/2025
Listed
$2,400,000
200%
MLS
5/17/2022
Sold
$800,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1280 Hwy 1
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,360
-4%
$671,830
—
2024
$10,771
3%
$669,330
4%
2023
$10,485
136%
$643,000
8%
2022
$4,446
-6%
$593,000
90%
2021
$4,714
—
$312,460
2%
2021
$4,714
3%
$306,470
4%
2019
$4,585
94%
$294,120
66%
2018
$2,364
-14%
$176,790
-10%
2017
$2,735
—
$196,520
1%
2016
$2,744
2%
$194,090
5%
2015
$2,685
—
$184,160
—
2014
$2,693
-6%
$183,310
-4%
2013
$2,869
—
$190,580
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1280 Hwy 1
1280 Highway 1, Malabar, FL 32950 (MLS# 1058133) is a Commercial property. 1280 Highway 1 is currently listed for $1,600,000 and was received on September 26, 2025. Want to learn more about 1280 Highway 1? Do you have questions about finding other Commercial real estate for sale in Malabar? You can browse all Malabar real estate or contact a Coldwell Banker agent to request more information.

