Skip to main contentSkip to navigation
1 / 12
Images
Map
Street

Commercial Land for Sale in Palm Bay, Florida

328 Malabar Rd SW, Palm Bay, FL 32907

$1,575,000
1.72 acres
Active
Est $11,746/mo

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.

Location

Street address
328 Malabar Rd SW
Community
Port Malabar Unit 10
Elevation
26 feet
Coordinates
27.9986, -80.6641

Directions

exit 173 head west on the SW corner of Eldron and Malabar

Property details

Acreage
1.72 acres
MLS #
SCAOR 1010989
Posted

Property taxes

2023
$11,948 - PORT MALABAR UNIT 10 LOT 6, 7, 8, 9, 10, 14,15 BLK 361 EXC ORB 3635 PG 3312

Parcels

  • 29-37-06-Gk-00361.0-0015

Legal description

Details and features

Listing

Type
Land
Conditions
In Foreclosure, Real Estate Owned

Lot

Features
Cleared, Wooded

Structure

Water
Public
Sewer
Septic Tank

Nearby schools

NameLevelDistrictDescription
TurnerElementary
SouthwestMiddle
HeritageHigh

Listing history

DateEventPriceChangeSource
Nov 27, 2024Relisted$1,575,000SCAOR
Nov 17, 2024Listing removed$1,575,000Listing agent
Nov 15, 2024Relisted$1,575,000SCAOR
Oct 25, 2024Listing removed$1,575,000Listing agent
Apr 16, 2024New listing$1,575,000SCAOR
Subscribe to listing updates

Payment calculator

This 1.72-acre property is located at 328 Malabar Rd SW in Palm Bay, FL 32907. The property is available for sale for $1,575,000 with a price per acre of $915,698.

Checked 48 mins ago — Updated

Report listing issue

Copyright (C) 2025 Space Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Contact listing agent Message rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact