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.
Lot/land
$1,500,000
1240 Malabar Rd NW, Palm Bay, FL 32907
--beds
--baths
2Acres
Unimproved Land
Built in ----
2 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 377 days |
- 12 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Cassandra Hartford 321-300-4773,
Reach Commercial Real Estate
Source: Space Coast AOR,MLS#: 1048524
Facts & features
Interior
Features
- Has fireplace: No
Video & virtual tour
Property
Features
- Has view: Yes
- View description: Other
Lot
- Size: 2 Acres
- Features: Other
Details
- Parcel number: 2937040000019.00000.00
- Special conditions: Standard
Utilities & green energy
- Sewer: Unknown
- Water: Other
- Utilities for property: Other
Community & HOA
Community
- Subdivision: None
Location
- Region: Palm Bay
Financial & listing details
- Annual tax amount: $2,237
- Date on market: 1/2/2026
- Listing terms: Other
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/9/2025 | Listed for sale | $1,500,000 |
Source: Space Coast AOR #1048524 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 32907
Nearby schools
GreatSchools rating
- 4/10Port Malabar Elementary SchoolGrades: PK-6Distance: 0.6 mi
- 2/10Palm Bay Magnet Senior High SchoolGrades: PK,8-12Distance: 3.5 mi
- 3/10Stone Magnet Middle SchoolGrades: 7-8Distance: 4.7 mi
Schools provided by the listing agent
- Elementary: Port Malabar
- Middle: Stone
- High: Palm Bay
Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Florida
- Brevard County
- Palm Bay
- 32907
- 1240 Malabar Rd NW
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