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.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Christa McAuliffe Elementary School
155 Del Mundo St NW
Distance between this listing and this school0.81 miles
Public District Grades PK-6
Middle School
2
/10
Southwest Middle School
451 Eldron Blvd SE
Distance between this listing and this school0.78 miles
Public District Grades 7-8
High School
2
/10
Palm Bay High School
101 Pirate Ln
Distance between this listing and this school4.58 miles
Public Magnet Grades PK-12
Assigned Schools
6
/10
Christa McAuliffe Elementary School
155 Del Mundo St NW
Distance between this listing and this school0.81 miles
Public District Grades PK-6
Nearby Schools
4
/10
John F. Turner, Sr. Elementary School
3175 Jupiter Blvd SE
Distance between this listing and this school0.88 miles
Public District Grades PK-6
5
/10
Lockmar Elementary School
525 Pepper St NE
Distance between this listing and this school1.95 miles
Public District Grades KG-6
Assigned Schools
2
/10
Southwest Middle School
451 Eldron Blvd SE
Distance between this listing and this school0.78 miles
Public District Grades 7-8
Nearby Schools
5
/10
Odyssey Charter School
1755 Eldron Blvd SE
Distance between this listing and this school3.17 miles
Public Charter Grades KG-9
6
/10
Royal Palm Charter School
7145 Babcock St Ne
Distance between this listing and this school3.54 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
Palm Bay High School
101 Pirate Ln
Distance between this listing and this school4.58 miles
Public Magnet Grades PK-12
Nearby Schools
3
/10
Bayside High School
1901 Degroodt Rd SW
Distance between this listing and this school3.35 miles
Public District Grades 9-12
3
/10
Heritage High School
2351 Malabar Rd NW
Distance between this listing and this school4.65 miles
The neighbors living near this home have an average income of $43,368. The most common annual income of people living in Palm Bay, FL is between $35k-100k. Typical family type is married, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 328 Malabar Rd SE
What is the listing price of this property?
The listing price of 328 Malabar Rd SE property is $1,575,000.
What type of property is this?
The property 328 Malabar Rd SE is land located in Palm Bay, Florida, 32907.
Is this property for sale now?
Active Listing: 328 Malabar Rd SE is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 328 Malabar Rd SE are: Christa McAuliffe Elementary School: GreatSchools Rating 6/10Southwest Middle School: GreatSchools Rating 2/10Palm Bay High School: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $251 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 8, 1997 for $15,000. (source: MLS/tax record).
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This home is located at 328 Malabar Rd SE in Palm Bay, FL and zip code 32907 in the Port Malabar neighborhood. This home sits on a 1.72 acre lot. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $1,575,000.
While more than 25 listings in Palm Bay, FL in March 2024 were sold above asking price, there were more than 86 listings sold at asking price, and more than 140 were sold below. The number of homes for sale in Palm Bay, FL increased by 8.5% between February 2024 and March 2024. While the average time on the market in March 2024 was 67 days, the median list price was $329,999.
From Rocket Homes Real Estate and based on county public records data.
Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.
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