1240 Malabar Rd SE

Palm Bay, FL 32909

$1,500,000
Price
87,120 / 2
Lot Size / Acres
a view of a yard with plants
a front view of a building with an outdoor space
a view of a yard with plants

Description

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....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.
  1. Listed by Cassandra Hartford • Reach Commercial Real Estate

Property Details for 1240 Malabar Road Southeast

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.
Subdivision/Condo Name
None
LISTING UPDATED: 01/02/2026 12:32 PM

Property Details for 1240 Malabar Road Southeast

StatusActive
MLS #1048524
Days on Market242
Taxes$2,238 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Unimproved Land
Year Built-
Lot Size2.00 AC
CountyBrevard County

Location

Listing Courtesy of Reach Commercial Real Estate, Cassandra Hartford
Add your commute

Building Information for 1240 Malabar Road Southeast

Lot Size2.00 AC

Payment Calculator

$7,497 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,311

Property Taxes

$187

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1240 Malabar Road Southeast

Summary
Location and General Information
  • City: Palm Bay
  • State/Province: FL
  • County: Brevard
  • Geo Lat: 27.99806
  • Geo Lon: -80.626149
  • Absolute Longitude: 80.626149
  • Schools: Elementary School: Port Malabar
  • Schools: Middle School: Stone
  • Schools: High School: Palm Bay
  • General County Loc: South
  • County Sub/Condo Name: None
Taxes and HOA Information
  • Taxes: $2,237.90
  • Tax Year: 2024
  • Tax Acct: 3034636
  • Tax ID: 29-37-04-00-00019.0-0000.00
Property
Lot Information
  • Lot SqFt: 87120.0
  • Picture Count: 3
  • Document Count: 0
  • Lot Description: Other
  • Acreage: 2.0
  • Current Adjacent Use: Other
Property and Assessments
  • Docs on File: 0
  • Property Type: C
  • MLS Approved: Y
  • Type of Service: Full Service
  • Prop Type: C
  • Sub Type: Unimproved Land
Utilities
  • Utilities: Sewer or Septic: Unknown
  • Utilities: Water Type: Other
  • Utilities: Other
Multi Family
Multi-Family Information
  • Selling Terms Code: Other
Agent
Sale and Listing
  • Cumulative DOM: 206
  • Days On Market: 206
  • Possession: Other
Showing and Remarks
  • Showing: Call Listing Agent

Property History for 1240 Malabar Road Southeast

DateEvent & SourcePriceAppreciation
Jan 2, 2026

Listed (Active)

SCMLS #1048524

—
Dec 31, 2025

Expired

SCMLS #1048524

—
Jun 9, 2025

Listed (Active)

SCMLS #1048524

$1,500,000—
DateEvent & SourcePrice
01/02/2026

Listed (Active)

SCMLS #1048524

—
12/31/2025

Expired

SCMLS #1048524

—
06/09/2025

Listed (Active)

SCMLS #1048524

$1,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1240 Malabar Road Southeast

This home is within Brevard Public Schools.
Rating
School
Type
Grades
Distance
Port Malabar Elementary School
Public - PK to 6
Stone Magnet Middle School
Public - 7 to 8
Palm Bay Magnet Senior High School
Public - 8 to 12
Royal Palm Charter School
Charter - K to 8
Rating
School
Distance
Port Malabar Elementary School
PublicPK to 6

Stone Magnet Middle School
Public7 to 8

Palm Bay Magnet Senior High School
Public8 to 12

Royal Palm Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1240 Malabar Road Southeast, Palm Bay, FL 32909

1240 Malabar Road Southeast is a 2 ac of land for sale in Palm Bay, FL 32909. This property was listed for sale on June 9, 2025 by Reach Commercial Real Estate, it's currently listed at $1,500,000. This listing's school district is Brevard Public Schools. Nearby schools include Port Malabar Elementary School, Stone Magnet Middle School and Palm Bay Magnet Senior High School. 1240 Malabar Road Southeast is a 0-bed, 0-bath, 2 ac of land on a 87,120 sq. ft. / 2 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Reach Commercial Real Estate, Cassandra Hartford

The information being provided by MFRMLS and Daytona Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of MFRMLS or Daytona Multiple Listing Service. Real estate listings held by brokerage firms other than this site owner are marked with the IDX/MLS logo. Information deemed reliable but is not guaranteed accurate by MFRMLS or Daytona Multiple Listing Service. Last updated: 01/02/2026 12:32 PM