$8,250,000
Palm Bay, FL 32907
MLS# 1058524
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Property Description
This 30-acre spot in Palm Bay, right at Malabar Road and Babcock Street, is primed for flex or light industrial builds, with ready concepts over 200,000 SF plus an out parcels. Flat terrain and stable sandy soils make foundations straightforward based on the 2022 geotech report, with a clean Phase I ESA showing no major environmental red flags, low flood risk in Zone X, and just minor wetlands needing basic mitigation. It's under a half mile from I-95, pulling in 55,000+ vehicles daily on Malabar for solid visibility and access. Palm Bay's market is heating up in 2025, with the city's population hitting around 146,000 (up 3.65% yearly) and Brevard County's unemployment at a low 4.3%. The industrial/flex sector is strong, boasting 4.49% absorption and rents climbing to $14-17/SF NNN, making flex park the top play under CC/IU zoning with up to 0.5 FAR. Completed I-95 upgrades in 2026 boost connectivity and long-term upside.
Details
Maps
Location, Tax, and Legal
Tax Account: 2964964
Parcel Number: 29-37-04-00-00017.0-0000.00
General County Location: South
Elementary School: Port Malabar
Middle School: Stone
High School: Palm Bay
Tax Annual Amount: 69537.2
Tax Year: 2023
Directions: Take I-95 to Exit 173 for Malabar Road, head east, and the property at 1206 Malabar Rd SE will be on your right.
General Property Information
Lot Size Acres: 2.59
Lot Size Square Feet: 112820
CDD Fee YN: No
List Price/Acre: 3185328.19
Remarks and Miscellaneous
Public Remarks: This 30-acre spot in Palm Bay, right at Malabar Road and Babcock Street, is primed for flex or light industrial builds, with ready concepts over 200,000 SF plus an out parcels. Flat terrain and stable sandy soils make foundations straightforward based on the 2022 geotech report, with a clean Phase I ESA showing no major environmental red flags, low flood risk in Zone X, and just minor wetlands needing basic mitigation. It's under a half mile from I-95, pulling in 55,000+ vehicles daily on Malabar for solid visibility and access.
Palm Bay's market is heating up in 2025, with the city's population hitting around 146,000 (up 3.65% yearly) and Brevard County's unemployment at a low 4.3%. The industrial/flex sector is strong, boasting 4.49% absorption and rents climbing to $14-17/SF NNN, making flex park the top play under CC/IU zoning with up to 0.5 FAR. Completed I-95 upgrades in 2026 boost connectivity and long-term upside.
Current Use
Other: 1
Listing Terms
Other: 1
Lot Features
Cleared: 1
Other Structures
Other: 1
Possession
Other: 1
Road Frontage Type
City Street: 1
Sewer
Unknown: 1
Special Listing Conditions
Standard: 1
Utilities
Other: 1
View
City: 1
Other: 1
Water Source
None: 1
Development Status
Other: 1
Showing Requirements
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Contract Information
Current Price: $8,250,000
Original List Price: 8250000
List Price: $8,250,000
Status: Active
Listing Contract Date: 2025-10-01
Property Sub Type: Unimproved Land
Location Tax and Legal
Street Number: 1206
Street Name: Malabar
Street Suffix: Road
Street Direction Suffix: SE
County: Brevard
State: FL
Postal Code: 32907
MLS Area Major: 343 - SE Palm Bay
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2025-10-01T17:32:06Z
Major Change Type: New Listing
Status Change Timestamp: 2025-10-01
Property Features
Current Use: Other
Development Status: Other
Listing Terms: Other
Lot Features: Cleared
Other Structures: Other
Possession: Other
Road Frontage Type: City Street
Sewer: Unknown
Showing Requirements: Call Listing Agent; Listing Agent Must Accompany
Special Listing Conditions: Standard
Utilities: Other
View: Other
Water Source: None
Listing Office: Reach Commercial Real Estate
Last Updated: October - 02 - 2025
Information is deemed to be reliable, but is not guaranteed.