$1,600,000
Malabar, FL 32950
MLS# 1058133
2.5 baths | 4357 sqft
1 / 70
Property Description
Fully renovated 4,357 SF mixed-use commercial property on 0.61 acres with exceptional Highway 1 frontage and strong income potential. Features 3 separate units with flexible layouts ideal for retail, office, medical, service, or restaurant use. High-end upgrades include LVP flooring, stainless appliances, updated systems, and a medical-ready suite with lead-lined X-ray room. Property includes 15 paved parking spaces plus a 3,000 SF gravel parking area and a 110' x 20' concrete slab ready for future expansion. Waterfront amenities include a new 450' dock and 16,000-lb covered boat lift. Major improvements include metal roof (2017), flat roof (2024), HVAC (2023), and updated plumbing. Seller financing available. Includes first right of refusal on adjacent 0.82-acre parcel. Prime high-traffic location near growing residential developments and the Indian River Lagoon.
Details
Maps
Contract Information
Start Showing Date: 2025-09-26
Comp Sale YN: No
Current Price: $1,600,000
Original List Price: 2400000
List Price: $1,600,000
Status: Active
Listing Contract Date: 2025-09-26
Property Sub Type: Mixed Use
Location, Tax, and Legal
Tax Account: 2850955
Parcel Number: 28-38-31-00-00262.0-0000.00
General County Location: South
Tax Annual Amount: 10639.95
Tax Year: 2025
Tax Legal Description: PART OF LOT 2 & PT OF SE 1/4 OF NW 1/4 & PT OF NE 1/4 OF SW 1/4 S OF DB 295 PG 502 & N OF DB 287 PG 539 AS DES IN ORB 3212 PG 779 EXC US HWY 1 R/W PAR 263
Additional Parcels YN: No
Additional Parcels Description: First Right of Refusal to the ajacent .82 acre parcel to the west.
Zoning Description: Commercial
Directions: Heading eastbound on Malabar Rd, take Highway 1 Northbound, Property is the second one on the West side of Highway 1.
General Property Information
Number Of Units Total: 3
Stories Total: 1
Building Area Total: 4357
Building Area Source: Measured
Lot Size Acres: 0.61
Association YN: No
Water Body Access YN: Yes
Waterfront YN: Yes
Water Body Name: Indian River
Water Frontage Feet: 130
Land Lease YN: No
Senior Community YN: No
List Price/SqFt: 367.23
Bathrooms Total: 2.5
Year Built: 1948
Remarks and Miscellaneous
Public Remarks: Fully renovated 4,357 SF mixed-use commercial property on 0.61 acres with exceptional Highway 1 frontage and strong income potential. Features 3 separate units with flexible layouts ideal for retail, office, medical, service, or restaurant use. High-end upgrades include LVP flooring, stainless appliances, updated systems, and a medical-ready suite with lead-lined X-ray room. Property includes 15 paved parking spaces plus a 3,000 SF gravel parking area and a 110' x 20' concrete slab ready for future expansion. Waterfront amenities include a new 450' dock and 16,000-lb covered boat lift. Major improvements include metal roof (2017), flat roof (2024), HVAC (2023), and updated plumbing. Seller financing available. Includes first right of refusal on adjacent 0.82-acre parcel. Prime high-traffic location near growing residential developments and the Indian River Lagoon.
Construction Materials
Concrete: 1
Frame: 1
Stucco: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Multi Units: 1
Current Use
Commercial: 1
Mixed Use: 1
Office: 1
Retail: 1
Flooring
Laminate: 1
Tile: 1
Vinyl: 1
Wood: 1
Heating
Central: 1
Electric: 1
Listing Terms
Cash: 1
Conventional: 1
Private Financing Available: 1
Other: 1
Lot Features
Cleared: 1
Parking Features
Additional Parking: 1
Assigned: 1
Parking Lot: 1
Varies by Unit: 1
Possession
Close Of Escrow: 1
Water Body Access Type
Navigable: 1
Owned: 1
Owner Pays
Common Area Maintenance: 1
Exterior Maintenance: 1
Repairs: 1
Roof Maintenance: 1
Trash Collection: 1
Water: 1
Road Frontage Type
Highway: 1
Roof
Metal: 1
Wood Truss/Raft: 1
Sewer
Septic Tank: 1
Tenant Pays
All Utilities: 1
Cable TV: 1
Electricity: 1
Insurance: 1
Janitorial Service: 1
Pest Control: 1
Security: 1
Taxes: 1
Telephone: 1
Unit 1 Details
Unit ID: Unit A
Annual Rent: 28800
Unit SqFt: 1140
# Units (This Type): 1
Baths Total: 1
Furnished: Negotiable
Unit Remarks: 3 Offices, Lobby, Half Bath, 10 Parking Spaces
Unit 2 Details
Unit ID: Unit B
Annual Rent: 57600
Unit SqFt: 2258
# Units (This Type): 1
Baths Total: 1
Furnished: Negotiable
Unit Remarks: 2 Open Offices, 2 Closed Offices, Full Bath, Kitch
Unit 3 Details
Unit ID: Unit C
Annual Rent: 24000
Unit SqFt: 959
# Units (This Type): 2
Baths Total: 1
Furnished: Negotiable
Unit Remarks: Oversized Studio Apartment/ Office
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Not Available: 1
Water Connected: 1
Water Source
Private: 1
Well: 1
Waterfront Features
Intracoastal: 1
Navigable Water: 1
River Access: 1
River Front: 1
Seawall: 1
Showing Requirements
Appointment Only: 1
Showing Service: 1
Other: 1
Building Features
Kitchen Facilities: 1
Laundry: 1
Lobby: 1
Lounge: 1
Manager on Premise: 1
Office: 1
Outside Storage: 1
Rear Access: 1
Separate Office Area: 1
Ceiling Type
Drywall: 1
Height Varies: 1
Existing Lease Type
NNN: 1
Location
City: 1
Operating Expense Includes
Insurance: 1
New Tax: 1
Security: 1
Trash: 1
Utilities: 1
Water/Sewer: 1
Sale Includes
Building & Land: 1
Location Tax and Legal
Street Number: 1280
Street Name: Highway 1
County: Brevard
State: FL
Postal Code: 32950
MLS Area Major: 342 - Malabar/Grant-Valkaria
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2026-04-21T19:32:05Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-04-21T19:32:05Z
Status Change Timestamp: 2025-09-26
Property Features
Building Features: Kitchen Facilities; Laundry; Lobby; Lounge; Manager on Premise; Office; Outside Storage; Rear Access; Separate Office Area
Ceiling Type: Drywall; Height Varies
Construction Materials: Concrete; Frame; Stucco
Cooling: Ceiling Fan(s); Central Air; Electric; Multi Units
Current Use: Commercial; Mixed Use; Office; Retail
Existing Lease Type: NNN
Flooring: Laminate; Tile; Vinyl; Wood
Heating: Central; Electric
Listing Terms: Cash; Conventional; Private Financing Available; Other
Lot Features: Cleared
Operating Expense Includes: Insurance; New Tax; Security; Trash; Water/Sewer
Owner Pays: Common Area Maintenance; Exterior Maintenance; Repairs; Roof Maintenance; Trash Collection; Water
Parking Features: Additional Parking; Assigned; Parking Lot; Varies by Unit
Possession: Close Of Escrow
Water Body Access Type: Navigable; Owned
Road Frontage Type: Highway
Roof: Metal; Wood Truss/Raft
Sale Includes: Building & Land
Sewer: Septic Tank
Showing Requirements: Appointment Only; Showing Service; Other
Tenant Pays: All Utilities; Cable TV; Electricity; Insurance; Janitorial Service; Pest Control; Security; Taxes; Telephone
Utilities: Cable Available; Electricity Connected; Sewer Not Available; Water Connected
Water Source: Private; Well
Waterfront Features: Intracoastal; Navigable Water; River Access; River Front; Seawall
Listing Office: EXP Realty, LLC
Last Updated: June - 09 - 2026
Information is deemed to be reliable, but is not guaranteed.