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.
Vacant landProperty Type
1.72 acresLot Size
$915,698Price/Acres
Listed by Palm Bay Lots and Land Rajabian• M. David Moallem, Inc
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Vacant Land
County
Brevard County
APN
29-37-06-Gk-00361.0-0015, 14, 10, 9, 8, 7, 6, .00
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Last updated by owner on Apr 15, 2024.
RC
Restricted Commercial District
The purpose of the restricted commercial district shall be to locate and establish areas within the city which are uniquely suited for commercial development but which are transitioning from residential or other noncommercial development to commercial use. Such areas to be primarily along major transportation corridors connecting other community commercial clusters. The uses and development standards included in the district are intended to provide compatibility between uses, protect nearby residential districts, provide access control along corridors, provide quality development, enhance corridor appearance, and provide additional commercial opportunities within the city.
Permitted uses
Include but are not limited to:
Bank
Day care facility
General retail
Restaurant
Office
Medical office
Public service
Educational/school
Death related/funeral home
Veterinary clinic
Historical weather
Palm Bay, FL • 32907
Average low and high temperatures (°F)
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Sun exposure
45/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
5.3 hrs
2.5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 328 Malabar Rd SE
$1,347,798
$227K under list price of $1.58M
Nearby comparable homes
The Redfin Estimate uses 4 recent nearby sales, priced between $354K to $450K.