This 30-acre spot in Palm Bay, right at Malabar Road and Babcock Street, is primed for flex or light industrial builds, with ready concepts over 200,000 SF plus an out parcels. Flat terrain and stable sandy soils make foundations straightforward based on the 2022 geotech report, with a clean Phase I ESA showing no major environmental red flags, low flood risk in Zone X, and just minor wetlands needing basic mitigation. It's under a half mile from I-95, pulling in 55,000+ vehicles daily on Malabar for solid visibility and access. Palm Bay's market is heating up in 2025, with the city's population hitting around 146,000 (up 3.65% yearly) and Brevard County's unemployment at a low 4.3%. The industrial/flex sector is strong, boasting 4.49% absorption and rents climbing to $14-17/SF NNN, making flex park the top play under CC/IU zoning with up to 0.5 FAR. Completed I-95 upgrades in 2026 boost connectivity and long-term upside.
Vacant landProperty Type
2.59 acresLot Size
$3,185,328Price/Acres
Listed by Cassandra Hartford• Reach Commercial Real Estate
The purpose of the community commercial district shall be to locate and establish areas within the city which are deemed to be uniquely suited for the development and maintenance of community commercial facilities, the areas to be primarily located in or near the intersection of arterial roadways; to designate those uses and services deemed appropriate and proper for location and development within the subject district; and to establish such development standards and provisions as are appropriate to ensure proper development and functioning of uses within the district.
Permitted uses
Include but are not limited to:
Automotive repair garage
Bank
Day care facility
Laundromat
General retail
Restaurant
Hospital / medical center
Hotel / motel
Office
Medical office
Historical weather
Palm Bay, FL • 32907
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Sun exposure
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Provided by Shadowmap
Redfin Estimate for 1206 Malabar Rd SE
$5,442,040
$2.8M under list price of $8.25M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $290K to $500K.