1240 Malabar Rd Grant Vlkria, FL 32909
Estimated payment $8,084/month
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
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
Map
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®)
MLS Number: 1048524
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Ask me questions while you tour the home.