Date
Details
Price
Change
Source
6/09/2025
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,500,000
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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.
Full Property Details
Full Property Details for 1240 Malabar Rd
General
- Price: $1,500,000
- Taxes: $2,237 (2024)
- Status: Active
- Type: Vacant Land
- Source: BrevardCounty
- MLS ID: 1048524
- Updated: 1/2/2026
- Added to Site: 223 day(s) ago
Location
- Area: 343 - SE Palm Bay
- County: Brevard
- Subdivision: None
- Driving Directions: From I-95, take Exit 173 for Malabar Road (CR 514) and head east for approximately 2 miles. The property will be on your right, just past the intersection with Emerson Drive SE.
School Information
- Elementary School: Port Malabar
- Middle School: Stone
- High School: Palm Bay
Utilities
- Water: Other
- Utility Description: Other
Structural Information
- Current Bldg. Use: Other
Lot Features
- Property View: Other
- Lot Size (Acres): 2
- Lot Size (Sq. Ft.): 87,120
- Frontage: City Street
- Lot Features: Other
Financial Considerations
- Tax Amount: $2,237.9
- Tax Year: 2024
- Terms: Other
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 29-37-04-00-00019.0-0000.00
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— 1240 Malabar Rd —
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Schools
Schools serving 1240 Malabar Rd
School District:Brevard County School District
| Name | Grades | Distance |
|---|---|---|
John F. Turner, Senior Elementary School 3175 Jupiter Boulevard Southeast, Palm Bay, FL 32909 | PK-6 | 1.8 mi |
Palm Bay Magnet Senior High School 101 Pirate Lane, Melbourne, FL 32901 | 9-12 | 3.6 mi |
Stone Magnet Middle School 1101 East University Boulevard, Melbourne, FL 32901 | 7-8 | 4.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1240 Malabar Rd
Estimate the Cost
Estimate the Cost for 1240 Malabar Rd
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- Single Family
- Active
- Updated 19 hours ago
- 3Beds
- 3Total Baths
- 1,900Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,462Sq. Ft.
- Condo
- Active
- Updated 1 day ago
- 3Beds
- 3Total Baths
- 1,815Sq. Ft.
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 2,329Sq. Ft.
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- Single Family
- Active
- Updated 1 day ago
- 5Beds
- 3Total Baths
- 2,563Sq. Ft.
- Single Family
- Active
- Updated 6 days ago
- 2Beds
- 2Total Baths
- 1,701Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 6Beds
- 4Total Baths
- 2,666Sq. Ft.
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- Single Family
- Closed
- 5Beds
- 6Total Baths
- 5,731Sq. Ft.
Co-Listed by Nick Farinella
1240 Malabar Road, Palm Bay, FL 32909 (MLS# 1048524) is a Vacant Land property with a lot size of 2 acres. 1240 Malabar Road is currently listed for $1,500,000 and was received on June 09, 2025. Want to learn more about 1240 Malabar Road? Do you have questions about finding other Vacant Land real estate for sale in Palm Bay? You can browse all Palm Bay real estate or contact a Coldwell Banker agent to request more information.