Active

328 Malabar Road SE

Palm Bay FL, 32907

$1,575,000


$21.02 per sqft

Active

1.72 Acres

Land

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.

1010989

MLS ID

November 27, 2024

Listed

November 27, 2024

Updated

Map

328 Malabar Road SE
Palm Bay FL, 32907

Exterior/Building Features

Lot Size

1.72 Acres


Lot Features

Cleared, Wooded


Sewer

Septic Tank

School Information

High School

Heritage


Elementary School

Turner

Other Property Details

Area Name

343 - SE Palm Bay


Taxes

$11,948


Tax Frequency

Annually


Garage

No


View

No


County

Brevard


Water Source

Public


Pool

No


Pool Features

None

Courtesy of M. David Moallem, Inc, Vahid Reza Rajabian,
Listing Contact: 321-724-2424 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jeremy Silber shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.

 

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