Check Availability
$1,495,000
↓ $80K (5.1%)
● Land - For Sale

328 Malabar Road SE

Palm Bay, FL 32907
bedrooms
Studio
bathrooms
0 Bath
$8,337
Est. Monthly

About This Property

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.
Unit Size
-
Days on Market
694 days
Land Size
1.72 acres
Price per sqft
-
Property Type
Land
Property Taxes
$996
HOA Dues
-
Year Built
-

Listed By

Vahid Rajabian
M. David Moallem, Inc

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Last updated: 17 days ago (Space Coast MLS #1010989)

Price History

Date / Event Date Event Price
Oct 5, 2026 Price Decreased $1,495,000
↓ $80K (5.1%)
Price Decreased
Nov 28, 2024 Relisted $1,575,000
Relisted
Nov 16, 2024 No longer available -
No longer available
Nov 15, 2024 Relisted $1,575,000
Relisted
Oct 24, 2024 No longer available -
No longer available
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Property Highlights

Exterior Details
Lot Features: Cleared, Wooded
Lot Size Area: 1.72
Lot Size Units: Acres
Lot Size Acres: 1.72
Lot Size Square Feet: 74923.2
Water Source: Public
Financial Details
Tax Annual Amount: $11,948
Utilities Details
Sewer : Septic Tank

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 149

    Dimensions

  • Lot Size Square Feet: 6,098
  • Lot Size Frontage Feet: 690
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: PORT MALABAR UNIT 10
  • Land Acres: 0000000140
  • Standard Land Use Code: 8002
  • County Land Use Code: 1000
  • State Land Use Code: 010
  • Legal Description 1: PORT MALABAR UNIT 10 LOT 15 BLK 361 EXC ORB 3635 PG 3312

Neighborhood

  • School District Name: Brevard County School District
  • Census Tract: 071344

Zoning

  • Zoning: RC

Geography

  • Assessors Map Reference: 388
  • Account Number: 2925145
  • Parcel: 29-37-06-GK-00361.0-0015.00
  • Block: 361
  • Lot: 15
  • Meridian: SEC 06 TWN 29S RNG 37E
  • Municipality: PALM BAY
  • Latitude: 27.9986
  • Longitude: -80.6645

    Address

  • Full Address: 328 Malabar Rd Se
  • Legal Unit: 10
  • Address - House Number: 328
  • Street Segment Direction: SE
  • Address - Street Name: Malabar
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Palm Bay
  • Zip Code: 32907

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $26,054
  • Tax Rate Code Area: 54U0

    Market Valuation

  • Market Total Value: $11,270

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $11,270

    Sales

  • Current Sale Contract Date: Jul 07, 2003
  • Current Sale Recording Date: Jul 15, 2003
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2003212656
  • Previous Sale Recording Date: Jan 08, 1997
  • Previous Sale Contract Date: Dec 19, 1996
  • Previous Sale Amount: $15,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Port Malabar


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Frequently Asked Questions

When was property at 328 Malabar Road Southeast built and last sold?
The property at 328 Malabar Road Southeast was built in and last sold on Jul 7, 2003 for $2,500.
How much is this home worth?
The estimated value of the home located at 328 Malabar Road Southeast is $1,509,950.
What are some comparable homes to 328 Malabar Road Southeast?
There are currently no comparable homes to 328 Malabar Road Southeast.