$400,000
Malabar, FL 32950
MLS# 963117
Status: Closed
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Property Description
Excellent opportunity to purchase +/- 2.26 acres of mixed-use land in Malabar, FL! Property has estimated 230' frontage on US1 (eastern boundary) x 520' depth (southern boundary) x 140' (western boundary). Traffic count is estimated 22,500 VPD on US1. Zoning is Town of Malabar Residential Limited Commercial (R/LC) which allows Office, Retail, Single Family Residential, Multi-Family & More! Per Town of Malabar: residential height restrictions are 35' or 3-stories, and up to 6 residential units per acre. Property is located on the Coquina Ridge, which rises 45' above the Indian River and provides exceptional views of both the River & Atlantic Ocean.
Details
Maps
Location, Tax, and Legal
Tax Account: 2850946
Parcel Number: 28-38-31-00-00253.0-0000.00
General County Location: South
Elementary School: Port Malabar
Middle School: Stone
High School: Palm Bay
Tax Annual Amount: 3323
Tax Year: 2022
Tax Legal Description: PART OF NW 1/4 AS DES IN DB 327 389 EX ORB 885 PG 276,1465 PG 386
Directions: Located on the west side of US1, less than half a mile north of Malabar Road.
General Property Information
Road Frontage Feet: 230
Number Of Lots: 2
Lot Size Acres: 2.26
Lot Dimensions Source: Public Records
Lot Size Square Feet: 98445
Association YN: No
Property Use: 10 / VACANT COMMERCIAL LAND
Water Body Access YN: No
Senior Community YN: No
List Price/Acre: 219026.55
Sold Price/Acre: 176991.15
Currently Not Used
Pool Private YN: No
Remarks and Miscellaneous
Public Remarks: Excellent opportunity to purchase +/- 2.26 acres of mixed-use land in Malabar, FL! Property has estimated 230' frontage on US1 (eastern boundary) x 520' depth (southern boundary) x 140' (western boundary). Traffic count is estimated 22,500 VPD on US1. Zoning is Town of Malabar Residential Limited Commercial (R/LC) which allows Office, Retail, Single Family Residential, Multi-Family & More! Per Town of Malabar: residential height restrictions are 35' or 3-stories, and up to 6 residential units per acre. Property is located on the Coquina Ridge, which rises 45' above the Indian River and provides exceptional views of both the River & Atlantic Ocean.
Current Use
Commercial: 1
Mixed Use: 1
Multi-Family: 1
Single Family: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Road Surface Type
Paved: 1
Sewer
Septic Tank: 1
Special Listing Conditions
Standard: 1
Water Source
Well: 1
Historical Information
Public Historical Remarks 3: Contact: List Agent, Zoning: R/LC, Frontage Description: US Highway, Number of Lots: 2.00
Contract Information
Current Price: $400,000
Original List Price: 495000
Sold Price: $400,000
Status: Closed
Listing Contract Date: 2023-04-22
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 1080
Street Direction Prefix: S
Street Name: Highway 1
County: Brevard
State: FL
Postal Code: 32950
MLS Area Major: 342 - Malabar/Grant-Valkaria
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2024-01-10T00:37:09Z
Major Change Type: Status Change
Status Change Timestamp: 2024-01-09
Purchase Contract Date: 2023-07-14
Close Date: 2024-01-09
Close Price: 400000
Property Features
Current Use: Commercial; Mixed Use; Multi-Family; Single Family
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Road Surface Type: Paved
Sewer: Septic Tank
Special Listing Conditions: Standard
Water Source: Well
Listing Office: The Ullian Realty Corporation
Last Updated: June - 27 - 2026
Information is deemed to be reliable, but is not guaranteed.