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328 Malabar Road SE, Palm Bay, FL 32907
$1,575,000
328 Malabar Road SE, Palm Bay, FL 32907View this property at 328 Malabar Road SE, Palm Bay, FL 32907
328 Malabar Road SEPalm BayFL32907
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Property Description
a remarkable commercial real estate opportunity in the thriving city of Palm Bay, This exceptional property comprises five smaller parcels, totaling approximately 1.75 acres, with the exciting potential to add two additional parcels, for another 0.23 acres, if required, for a grand total of approximately 2 acres. Strategically positioned along one of Palm Bay's bustling thoroughfares, this property enjoys high visibility, with an impressive daily traffic count of approximately 23,000. Currently, the property features three existing houses, on a month-to-month leases providing an immediate income stream while you prepare for redevelopment. Located in proximity to prominent retailers and benefiting from a signalized intersection, this property is ideally suited for a diverse range of uses. a remarkable commercial real estate opportunity in the thriving city of Palm Bay, This exceptional property comprises seven smaller parcels, totaling approximately 1.75 acres, with the exciting potential to add two additional parcels, for another 0.23 acres, if required, for a grand total of approximately 2 acres. Strategically positioned along one of Palm Bay's bustling thoroughfares, this property enjoys high visibility, with an impressive daily traffic count of approximately 23,000. Currently, the property features three existing houses, providing an immediate income stream while you prepare for redevelopment.
Full Property Details
Full Property Details for 328 Malabar Road SE
General
- Price: $1,575,000
- Taxes: $11,947 (2023)
- Status: Active
- Type: Vacant Land
- MLS ID: 1010989
- Updated: 4/29/2024
- Added to Site: 207 day(s) ago
Location
- Area: 343 - SE Palm Bay
- County: Brevard
- Subdivision: Port Malabar Unit 10
- Driving Directions: exit 173 head west on the SW corner of Eldron and Malabar
- Total Lots Available: 7
School Information
- Elementary School: Turner
- Middle School: Southwest
- High School: Heritage
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Cable Connected, Electricity Connected, Sewer Available, Water Connected
Structural Information
- Current Bldg. Use: Residential, Single Family
Lot Features
- Lot Size (Acres): 1.72
- Lot Size (Sq. Ft.): 74,923.2
- Frontage: City Street
- Street/Road Desc.: Asphalt, Paved
- Lot Features: Cleared, Wooded
- Fencing (Description): Back Yard
Financial Considerations
- Tax Amount: $11,947.78
- Tax Year: 2023
- Terms: Cash
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Special Conditions: Real Estate Owned, Standard
- Legal Description: PORT MALABAR UNIT 10 LOT 6, 7, 8, 9, 10, 14, 15 BLK 361 EXC ORB 3635 PG 3312
- Property ID: 29-37-06-Gk-00361.0-0015, 14, 10, 9, 8, 7, 6, .00
Listed by M. David Moallem, Inc
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Schools
Schools serving 328 Malabar Road SE
School District:Brevard Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
3175 Jupiter Blvd Se, Palm Bay, FL 32909 | PK-6 | 0.7 mi | |
451 Eldron Blvd Se, Palm Bay, FL 32909 | 7-8 | 0.6 mi | |
1901 Degroodt Rd Sw, Palm Bay, FL 32908 | 9-12 | 3.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 328 Malabar Road SE
Date
Details
Price
Change
Source
10/23/2023
Listed
$1,575,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 328 Malabar Road SE
Year
Property Taxes
Change
Tax Assessment
Change
2023
$261
—
$11,270
—
2022
$261
4%
$11,270
10%
2021
$252
-10%
$10,250
—
2018
$279
5%
$10,250
10%
2017
$266
18%
$9,320
—
2016
$226
11%
$9,320
25%
2015
$203
-29%
$7,450
-27%
2019
$286
39%
$10,250
38%
2014
$206
-1%
$7,450
—
2013
$209
—
$7,450
—
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 328 Malabar Road SE
328 Malabar Road SE, Palm Bay, FL 32907 (MLS# 1010989) is a Vacant Land property with a lot size of 1.72 acres. 328 Malabar Road SE is currently listed for $1,575,000 and was received on October 23, 2023. Want to learn more about 328 Malabar Road SE? 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.