#RX-11058291, Phillip L Walker, Listing office: Premier Listings
Property details
About 1240 Malabar Rd
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.
Highlights
Home typeUnimproved Land
StatusActive
Lot size2 Acres
MLS #1048524
ViewOther
Virtual tour
Summary
- View: Other
- List Price: $1,500,000
- Lot: Other
- 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.
- Lot Size: 2 Acres
- MLS Number: 1048524
- MLS Name: Space Coast MLS (Space Coast Association of REALTORS®)
- Office Name: Reach Commercial Real Estate
- Office Phone: (321) 300-4773
- Office Email: garrett@denovorealty.com
- Listing Agent: Cassandra Hartford
Copyright © 2025 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/29/2025, 12:50:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
4
Jupiter Elementary School
Public District PK-6
1.0 mi
•950 Tupelo Rd SW
6
McAuliffe Elementary School
Public District PK-6
2.1 mi
•155 Del Mundo St NW
4
Discovery Elementary School
Public District PK-6
2.3 mi
•1275 Glendale Ave NW
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $56,614. Most Palm Bay, FL residents have annual incomes between $35k-100k. Typical family type is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
23%
<35k
63%
35k-100k
14%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
31%
Single, No Kids
13%
Single, with Kids
30%
Married, No Kids
26%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
16%
<11 yrs old
9%
12-17 yrs old
21%
18-34 yrs old
44%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
Motocross
NASCAR
Where do the neighbors shop?
Academy Sports & Outdoors
GameStop
Dollar General
Where do the neighbors go to eat?
Little Caesars
Sonic
Cracker Barrel
What do the neighbors drive?
Chevrolet
Jeep
Ram
What do the neighbors listen to?
Country- Classic Country
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1240 Malabar Rd
The listing price of 1240 Malabar Rd property is $1,500,000.
The property 1240 Malabar Rd is land located in Palm Bay, Florida, 32909.
Active Listing: 1240 Malabar Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1240 Malabar Rd are: Jupiter Elementary School (GreatSchools Rating 4/10), McAuliffe Elementary School (GreatSchools Rating 6/10), Discovery Elementary School (GreatSchools Rating 4/10), Southwest Middle School (GreatSchools Rating 3/10), Pineapple Cove Classical Academy at West Melbourne (GreatSchools Rating 6/10), Central Middle School (GreatSchools Rating 4/10), Pineapple Cove Classical Academy (GreatSchools Rating 6/10), Heritage High School (GreatSchools Rating 3/10), Bayside High School (GreatSchools Rating 4/10).
The property 1240 Malabar Rd is 2 acres.
This home is located at 1240 Malabar Rd in Palm Bay, FL and zip code 32908 in the Port Malabar neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 9, 2025 and is currently priced at $1,500,000.
In June 2025, from all listings sold in Palm Bay, FL there were more than 33 sold above asking price, over 148 sold below and more than 95 were sold right at the asked price. The inventory of homes for sale in Palm Bay, FL between May and June 2025 decreased by 1.2%. In June 2025 median list price was $329,881 and the average listing age was 70 days.
From Rocket Homes Real Estate and based on county public records data.