328 Malabar Road SE, Palm Bay, FL 32907
Port Malabar Unit 10 · Brevard County
Key Facts
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. 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.
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
1.72 acres
MLS® Listing#
1010989
Property Features
Fencing
Lot Features
Utilities
Sewer
Water Source
Schools
- Elementary:
- Turner
- Middle:
- Southwest
- High:
- Heritage
Financial Details
HOA
None
Annual Taxes
$11,948
Tax year 2023
Parcel Number
29-37-06-Gk-00361.0-0015, 14, 10, 9, 8, 7, 6, .00
Affordability Calculator
$315,000
Estimated monthly payment
$8,383/mo
Principal $1,260,000 · Est. interest $1,757,812 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Palm Bay, FL
- $393,580
- Median Listing Price
- 89
- Median Days on Market
- 1,682
- Median Sq Ft
- $233
- Median Price / Sq Ft
- 7,655
- Active Listings
- This home’s price is 300% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Palm Bay, FL.
Location
Points of Interest in Palm Bay, FL
Showing the Palm Bay area map.
Nearby Schools
Southwest Middle School
Secondary · 0.6 mi away
John F. Turner Senior Elementary School
Elementary · 0.7 mi away
Pineapple Cove Classical Academy
School · 0.8 mi away
ABC Honey Tree
School · 0.9 mi away
Christa McAuliffe Elementary School
Elementary · 0.9 mi away
Covenant Christian Elementary School
Secondary · 1.4 mi away
Lockmar Elementary School
Elementary · 1.9 mi away
Jupiter Elementary School
Elementary · 2.3 mi away
Palm Bay Christian Preschool
School · 2.5 mi away
Riviera Elementary School
Elementary · 2.5 mi away
Faith Baptist Church of Palm Bay
School · 2.6 mi away
Palm Bay Academy
Elementary · 2.6 mi away
Columbia Elementary School
Elementary · 2.7 mi away
St Joseph Catholic Church
School · 2.7 mi away
Cradlestone Academy
School · 2.7 mi away
Port Malabar Elementary School
Elementary · 2.7 mi away
Growing in Grace Preparatory School
Elementary · 2.8 mi away
Wish upon A Star
School · 2.9 mi away
Kids Place
School · 3.0 mi away
Imagine Schools at West Melbourne
Elementary · 3.1 mi away
Commute Calculator
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|---|---|---|---|---|
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| 2359 Treasure Isle Drive 38, Palm Beach Gardens, FL | $1,115,000 | 3 | 3 | 1,642 |
| 30 EXCHANGE LOOP LOOP 7, PALM COAST, FL | $1,120,000 | — | — | 3,250 |
| 12199 Arbordale Way, Palm Beach Gardens, FL | $1,124,000 | 3 | 3 | 2,718 |
Moving Cost Estimate
EXIT Agents in Palm Bay
Listing Courtesy: M. David Moallem, Inc - 3217242424