328 Malabar Rd SE Palm Bay, FL 32907
Estimated payment $9,313/month
Highlights
- 1.72 Acre Lot
- Wooded Lot
- No HOA
About This Home
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.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $11,948
Lot Details
- 1.72 Acre Lot
- Back Yard Fenced
- Cleared Lot
- Wooded Lot
- 7 Lots in the community
- Zoning described as Commercial/Residential/Office
Home Design
- Asphalt
Schools
- Turner Elementary School
- Southwest Middle School
- Heritage High School
Utilities
- Septic Tank
- Cable TV Available
Community Details
- No Home Owners Association
- Port Malabar Unit 10 Subdivision
Listing and Financial Details
- REO, home is currently bank or lender owned
- Assessor Parcel Number 29-37-06-Gk-00361.0-0015, 14, 10, 9, 8, 7, 6, .00
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $261 | $11,270 | -- | -- |
| 2023 | $261 | $11,270 | $11,270 | $0 |
| 2022 | $261 | $11,270 | $0 | $0 |
| 2021 | $252 | $10,250 | $10,250 | $0 |
| 2020 | $251 | $10,250 | $10,250 | $0 |
| 2019 | $286 | $10,250 | $10,250 | $0 |
| 2018 | $279 | $10,250 | $10,250 | $0 |
| 2017 | $266 | $3,728 | $0 | $0 |
| 2016 | $226 | $9,320 | $9,320 | $0 |
| 2015 | $203 | $7,450 | $7,450 | $0 |
| 2014 | $206 | $7,450 | $7,450 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/27/2024 11/27/24 | For Sale | $1,575,000 | 0.0% | -- |
| 11/15/2024 11/15/24 | Off Market | $1,575,000 | -- | -- |
| 11/15/2024 11/15/24 | For Sale | $1,575,000 | 0.0% | -- |
| 10/23/2024 10/23/24 | Off Market | $1,575,000 | -- | -- |
| 04/15/2024 04/15/24 | For Sale | $1,575,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,500 | Alliance Title Brevard Llc | |
| Warranty Deed | $15,000 | -- |
Source: Space Coast MLS (Space Coast Association of REALTORS®)
MLS Number: 1010989
APN: 29-37-06-GK-00361.0-0015.00
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