$1,575,000

328 Malabar Rd SE Palm Bay, FL 32907

Estimated payment $9,786/month

Total Views 6,037
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 1.72 Acre Lot
  • Wooded Lot
  • No HOA

About This Home

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.

Listing Agent

vahid rajabian

M. David Moallem, Inc License #3454072

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,948

Lot Details

  • 1.72 Acre Lot
  • Back Yard Fenced
  • Cleared Lot
  • Wooded Lot
  • 7 Lots in the community
  • Zoning described as Commercial/Residential/Office

Home Design

  • Asphalt

Schools

  • Turner Elementary School
  • Southwest Middle School
  • Heritage High School

Utilities

  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Port Malabar Unit 10 Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 29-37-06-Gk-00361.0-0015, 14, 10, 9, 8, 7, 6, .00

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,948

Lot Details

0

Listing Details

  • Property Type: Land
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Cleared, Wooded
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt, Paved
  • ResoSpecialListingConditions: Real Estate Owned, Standard
  • Subdivision Name: Port Malabar Unit 10
  • Special Features: 5120
  • Property Sub Type: Detached

Exterior Features

  • Pool Features: None
  • Fencing: Back Yard
  • Acres: 1.72
  • Waterfront: No
  • Lot Features:Wooded: Yes
  • Lot Features:Cleared: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Available, Water Connected
  • Water Source: Public
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Middle Or Junior School: Southwest

Lot Info

  • Number Of Lots: 7
  • Current Use: Residential, Single Family
  • Land Lease: No
  • Lot Size Sq Ft: 74923.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 29-37-06-Gk-00361.0-0015, 14, 10, 9, 8, 7, 6, .00
  • Zoning Description: Commercial/Residential/Office
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 11947.78

MLS Schools

  • Elementary School: Turner
  • High School: Heritage

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $261 $11,270 $11,270 $0
2022 $261 $11,270 $0 $0
2021 $252 $10,250 $10,250 $0
2020 $251 $10,250 $10,250 $0
2019 $286 $10,250 $10,250 $0
2018 $279 $10,250 $10,250 $0
2017 $266 $3,728 $0 $0
2016 $226 $9,320 $9,320 $0
2015 $203 $7,450 $7,450 $0
2014 $206 $7,450 $7,450 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 For Sale $1,575,000 0.0% --
11/15/2024 11/15/24 Off Market $1,575,000 -- --
11/15/2024 11/15/24 For Sale $1,575,000 0.0% --
10/23/2024 10/23/24 Off Market $1,575,000 -- --
04/15/2024 04/15/24 For Sale $1,575,000 -- --
Source: Space Coast MLS (Space Coast Association of REALTORS®)

Deed History

Date Type Sale Price Title Company
Warranty Deed $2,500 Alliance Title Brevard Llc
Warranty Deed $15,000 --
Source: Public Records

Source: Space Coast MLS (Space Coast Association of REALTORS®)

MLS Number: 1010989

Space Coast MLS (Space Coast Association of REALTORS®)

APN: 29-37-06-GK-00361.0-0015.00

Florida Brevard County Palm Bay 32907

328 Malabar Rd SE, Palm Bay, FL

Homes for Sale in Palm Bay, FL

This home is located at 328 Malabar Rd SE, Palm Bay, FL 32907 and is currently priced at $1,575,000. 328 Malabar Rd SE is a home located in Brevard County with nearby schools including John F. Turner Sr. Elementary School, Southwest Middle School, and Bayside High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Listing Agent
vahid rajabian
Section Image
M. David Moallem, Inc
(321) 475-2317