$1,575,000
Palm Bay, FL 32907
MLS# 1010989
1 / 12
Property Description
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.
Details
Maps
Contract Information
Comp Sale YN: No
Current Price: $1,575,000
Original List Price: 1575000
List Price: $1,575,000
Status: Active
Listing Contract Date: 2023-10-23
Property Sub Type: Unimproved Land
Location, Tax, and Legal
Tax Account: 2925145
Parcel Number: 29-37-06-Gk-00361.0-0015, 14, 10, 9, 8, 7, 6, .00
General County Location: South
Elementary School: Turner
Middle School: Southwest
High School: Heritage
Tax Annual Amount: 11947.78
Tax Year: 2023
Tax Legal Description: PORT MALABAR UNIT 10 LOT 6, 7, 8, 9, 10, 14,15 BLK 361 EXC ORB 3635 PG 3312
Zoning Description: Commercial/Residential/Office
Directions: exit 173 head west on the SW corner of Eldron and Malabar
General Property Information
Road Frontage Feet: 260
Number Of Lots: 7
Lot Size Acres: 1.72
Lot Dimensions Source: Public Records
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Land Lease YN: No
Senior Community YN: No
CDD Fee YN: No
List Price/Acre: 915697.67
Currently Not Used
Pool Private YN: No
Remarks and Miscellaneous
Public Remarks: 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.
Closing Company Details
Closing Company Name: Peninsula Title Services- Nancy Domonousky
Closing Company Address: 4888 Babcock St. NE Palm Bay, FL. 32905- 321-726-6414
Current Use
Residential: 1
Single Family: 1
Fencing
Back Yard: 1
Listing Terms
Cash: 1
Lot Features
Cleared: 1
Wooded: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Paved: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Utilities
Cable Connected: 1
Electricity Connected: 1
Sewer Available: 1
Water Connected: 1
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
Location Tax and Legal
Street Number: 328
Street Name: Malabar
Street Suffix: Road
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32907
MLS Area Major: 343 - SE Palm Bay
Subdivision Name: Port Malabar Unit 10
Status Change Information
Major Change Timestamp: 2024-11-27T20:05:53Z
Major Change Type: Status Change
Status Change Timestamp: 2024-11-27
Property Features
Current Use: Residential; Single Family
Fencing: Back Yard
Listing Terms: Cash
Lot Features: Cleared; Wooded
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Asphalt; Paved
Sewer: Septic Tank
Showing Requirements: Call Listing Agent
Special Listing Conditions: Standard
Utilities: Cable Connected; Electricity Connected; Sewer Available; Water Connected
Water Source: Public
Supplements
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.
Listing Office: M. David Moallem, Inc
Last Updated: December - 22 - 2025
Information is deemed to be reliable, but is not guaranteed.