Malabar Rd 9+ Acres
"REDUCED TO" $629,000 "Owner Motivated"
1741 Malabar Road, Malabar, Florida 32950
| Land Size | 9.52 Acres |
| Zoning | RR - 65 (Current Zoning) |
| Electric | Florida Power and Light |
| Sewer | City of Palm Bay |
| Water | City of Palm Bay |
| Malabar Frontage | 660 Feet |
| Traffic Count | 12,840 ADT |
| Land Use | Low Density Res (Current) |
I 95 INTERCHANGE CORRIDOR & MAJOR E/W ARTERY
The site is 1.5 miles East of Palm Bay Hospital and 1.5 miles West of US Highway 1. Interstate 95 Malabar Road Interchange Exit 173, Eastern Florida State College Palm Bay Campus, Home Depot, Lowe’s, and Wal-Mart Superstore are located approximately 2.5 miles West of the site. This area is also experiencing a considerable amount of high-end residential growth.
The site is approximately halfway between Highway US #1 and Babcock Street. Occupied residence... appointment necessary to walk the property.
Future land use to OI is in final stage of process (OI is commercial office/institutional development with no residential). Upon final adoption of the OI Land Use the landowners can apply for rezoning of their property.
Potential for change of land use to R/LC if desired with application to P&Z (R/LC is Residential up to 6 units per acre along with limited commercial development)
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Office Phone: (321) 773-1480Mobile: (321) 508-6422
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.