$1,500,000

1240 Malabar Rd Grant Vlkria, FL 32909

Estimated payment $7,975/month

Total Views 1,102
2 Acres
$750,000 Price per Acre
87,120 Sq Ft Lot

About This Lot

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.

Listing Agent

Cassandra Hartford

Reach Commercial Real Estate License #3296024 Listed on: 01/02/2026

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,238

Lot Details

  • 2 Acre Lot

Schools

  • Port Malabar Elementary School
  • Stone Middle School
  • Palm Bay High School

Additional Features

  • Property Views

Listing and Financial Details

  • Assessor Parcel Number 29-37-04-00-00019.0-0000.00

Property Details

Property Type

Land

Est. Annual Taxes

$2,238

Lot Details

0

Listing Details

  • Property Type: Land
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Other
  • Road Frontage Type: City Street
  • Reso View: Other
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: None
  • Location Tax and Legal Parcel Number2: 29-37-04-00-00019.0-0000.00
  • Location Tax and Legal Elementary School: Port Malabar
  • Location Tax and Legal Middle School2: Stone
  • Location Tax and Legal High School: Palm Bay
  • Location Tax and Legal Tax Annual Amount: 2237.9
  • Location Tax and Legal Tax Year2: 2024
  • General Property Information Lot Size Acres: 2.0
  • General Property Information Lot Size Square Feet2: 87120.0
  • General Property Information CDD Fee YN: No
  • Marketing Remarks:Marketing Remarks: 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.
  • General Property Information Water Body Access YN3: No
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 2.0
  • Lot Features:Other21: Yes

Utilities

  • Utilities: Other
  • Water Source: Other

Schools

  • Middle Or Junior School: Stone

Lot Info

  • Current Use: Other
  • Lot Size Sq Ft: 87120.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 29-37-04-00-00019.0-0000.00

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2237.9

MLS Schools

  • Elementary School: Port Malabar
  • High School: Palm Bay

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property History

Date Event Price List to Sale Price per Sq Ft
01/02/2026 01/02/26 For Sale $1,500,000 0.0% --
12/31/2025 12/31/25 Off Market $1,500,000 -- --
06/09/2025 06/09/25 For Sale $1,500,000 -- --
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1048524

Space Coast MLS (Space Coast Association of REALTORS®)
Florida Brevard County Palm Bay 32907

1240 Malabar Rd, Palm Bay, FL

For Sale

Lots

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) 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.

Nearby Homes
Cassandra Hartford
Listing Agent
Cassandra Hartford
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Reach Commercial Real Estate
(321) 325-3920