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Improved Mixed-Use Land for Sale in Palm Bay, Florida
1264 Malabar Rd SE, Palm Bay, FL 32907
$2,250,000
3.49 acres
Pending sale
Under contract
Prime Income-Producing Medical Office & Development Site Secure a turnkey investment featuring an established medical office building, anchored by a stable hospital tenant since 2019. Currently generating $75,000 in annual gross income, the lease runs through 2027 with two 1-year renewal options. Located just off the high-traffic Malabar Road corridor, this parcel offers immediate cash flow alongside significant development upside. Benefit from a thriving professional ecosystem and versatile zoning in one of the area's most sought-after business hubs. New roof in October 2025.
5,010
Sq feet
5
Full baths
1988
Built
Location
- Street address
- 1264 Malabar Rd SE
- County
- Brevard County
- Zip code
- 32907
- Community
- SE Palm Bay
- Elevation
- 25 feet
Directions
From I95, east on Malabar Rd. to 1264 on the right (just before Babcock St.).
Property details
- Acreage
- 3.49 acres
- MLS #
- SCAOR 1075327
- Posted
Property taxes
- 2024
- $17,681
Parcels
- 29-37-04-00-00010.0-0000.00
Legal description
PART OF LOT 32 OF PB 1 PG 165 AS DESC IN ORB 2716 PG 623 EXC ORB 6740 PG 938 & HWY R/W
Details and features
Listing
- Type
- Residential
- Subtype
- Office
Exterior
- Parking
- Assigned, Off Street, Parking Lot
Structure
- Stories
- 1
- Water
- Public
- Sewer
- Public Sewer
- Heating
- Central, Electric
- Cooling
- Central Air
- Materials
- Block, Stucco
Interior
- Rooms
- Bathroom x 5
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 9, 2026 | New listing | $2,250,000 | — | SCAOR |
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