Virtual TourMap

For SaleUnimproved LandActive

328 Malabar Road SE

Palm Bay, FL 32907

$1,495,000

937 Days On Site

  • 1.72Acres
  • Commercial/Residential/OfficeZoning
  • BrevardCounty
Subdivision
Port Malabar Unit 10
County
Brevard
MLS®
1010989

Overview

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.

Listing Snapshot

Price
$1,495,000
Days On Site
937 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
1.72 Acres
Year Built
N/A
MLS® Number
1010989
Status
Active
Property Tax
$11,947.78 (2023)
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A

Property Details

General Features

9 items
Acres
1.72
Additional Property Use
Residential, Single Family
Land Lease
No
Property Sub Type
Unimproved Land
Sewer
Septic Tank
Special Circumstances
Standard
Utilities
Cable Available, Cable Connected, Electricity Connected, Sewer Available, Water Connected
Water Source
Public
Zoning
Commercial/Residential/Office

Exterior Features

3 items
Fencing
Back Yard
Lot Features
Cleared, Wooded
Road Frontage
City Street

Community Features

3 items
MLS Area
343 - SE Palm Bay
Financing Terms Available
Cash
Roads
Asphalt, Paved

Location

328 Malabar Road SE, Palm Bay, FL 32907 · 343 - SE Palm Bay

$6.6M$2.7M$1.9M
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Neighborhood & Commute

ZIP Code 32907

Median household income
$64,813
Income per person
$30,980
Households
17,886
Average household size
2.59
Median age
46.4

Source: Walk Score.

Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.

Schools

Elementary School
Turner
Middle School
Southwest
High School
Heritage

Price & Status History

  1. Listing updated with changes from the MLS®
  2. Price changed to $1,495,000
  3. Status changed to Active
  4. Listing first seen on site

Friends & Family

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Listing courtesy of M. David Moallem, Inc (321) 724-2424

Stellar MLS

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.

Last checked: 2026-11-08 05:50 AM EST

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