$800,000
Malabar, FL 32950
MLS# 932484
Status: Closed
3398 sqft
1 / 38
Property Description
This is a unique property on a large .61 acre lot with aprox. 94 feet of river frontage shoreline. The original building has been nicely updated making it ideal for any type of office setting; insurance, lending, real estate, marketing, medical offices, SO many best uses. The location has excellent frontage on busy US 1 with a traffic count of 35,000 cars DAILY! A beautiful boasting shoreline with riparian rights allowing for a private dock to be built is ready for your design. Zoned as Mixed Use Commercial creates endless opportunities as you could live on the property AND conduct your business out of it if you need. The 2008 add-on portion of the property could be built out and rented to another business tenant or even built out as an additional livable space. SO MANY IDEAS!
Details
Maps
Location, Tax, and Legal
Tax Account: 2850955
Parcel Number: 28-38-31-00-00262.0-0000.00
General County Location: South
Tax Annual Amount: 4714.25
Tax Year: 2021
Tax Legal Description: PART OF LOT 2 & PT OF SE 1/4 OF NW 1/4 & PT OF NE 1/4 OF SW 1/4 S OF DB 295 PG 502 & N OF DB 287 PG 539 AS DES IN ORB 32
Directions: From; US 1 traveling South: Property is on Right side of road before Malabar Road Intersection.
General Property Information
Number Of Units Total: 1
Stories Total: 1
Building Area Total: 3398
Lot Size Acres: 0.61
Association YN: No
Property Use: C-MIXED USE - COMMERCIAL PROPERTY (1210)
Water Body Access YN: No
Waterfront YN: Yes
Water Body Name: Indian River
Use Code: 12 / COMMERCIAL, MIXED USE
List Price/SqFt: 267.8
Sold Price/SqFt: 235.43
Year Built: 1948
Remarks and Miscellaneous
Public Remarks: This is a unique property on a large .61 acre lot with aprox. 94 feet of river frontage shoreline. The original building has been nicely updated making it ideal for any type of office setting; insurance, lending, real estate, marketing, medical offices, SO many best uses. The location has excellent frontage on busy US 1 with a traffic count of 35,000 cars DAILY! A beautiful boasting shoreline with riparian rights allowing for a private dock to be built is ready for your design. Zoned as Mixed Use Commercial creates endless opportunities as you could live on the property AND conduct your business out of it if you need. The 2008 add-on portion of the property could be built out and rented to another business tenant or even built out as an additional livable space. SO MANY IDEAS!
Construction Materials
Frame: 1
Stucco: 1
Cooling
Central Air: 1
Current Use
Commercial: 1
Single Family: 1
Flooring
Tile: 1
Wood: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Roof
Metal: 1
Security Features
Security System Owned: 1
Utilities
Cable Available: 1
Water Source
Well: 1
Waterfront Features
River Front: 1
Showing Requirements
Appointment Only: 1
Listing Agent Must Accompany: 1
Building Features
% Air Conditioned or Heated: 75
Clear Ceiling Height: 3413
Lobby: 1
Lounge: 1
Meeting Room: 1
Office: 1
Reception Area: 1
Separate Office Area: 1
Storage: 1
Ceiling Type
Drywall: 1
Height Varies: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 3: Frontage Description: US Highway, Legal/Misc-Home Warranty: No
Contract Information
Current Price: $800,000
OriginalListPrice: 910000
Sold Price: $800,000
Status: Closed
Listing Contract Date: 2022-04-19
Property Sub Type: Business
Location Tax and Legal
Street Number: 1280
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: 2022-05-19T10:42:32Z
Major Change Type: Status Change
StatusChangeDate: 2022-05-19
Purchase Contract Date: 2022-05-09
Close Date: 2022-05-18
Close Price: 800000
Property Features
Building Features: Lobby; Lounge; Meeting Room; Office; Reception Area; Separate Office Area
Ceiling Type: Drywall; Height Varies
Construction Materials: Frame; Stucco
Cooling: Central Air
Current Use: Commercial; Single Family
Flooring: Tile; Wood
Heating: Central
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Roof: Metal
Sale Includes: Building & Land
Security Features: Security System Owned
Showing Requirements: Appointment Only; Listing Agent Must Accompany
Utilities: Cable Available
Water Source: Well
Waterfront Features: River Front
Listing Office: Portfolio Homes
Last Updated: June - 27 - 2026
Information is deemed to be reliable, but is not guaranteed.