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
- 286 days |
- 14 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: January 02, 2026 at 10:32am
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
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
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Estimated monthly payment
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.
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Neighborhood: 32907
Nearby schools
GreatSchools rating
- 3/10Port Malabar Elementary SchoolGrades: PK-6Distance: 0.5 mi
- 2/10Palm Bay Magnet Senior High SchoolGrades: PK,8-12Distance: 3.5 mi
- 2/10Stone 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.
Local experts in 32907
- Florida
- Brevard County
- Palm Bay
- 32907
- 1240 Malabar Rd NW
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