Pad Ready - 2.44 acres Commercial Land
For sale2351 Malabar Rd SW, Palm Bay, FL 32907
Property type
Land
Price
$1,830,000
Building size
Year built
Year renovated
Occupancy
Zoning code
Lot size
2.44 Acres
Property description
The Stornow – Palm Bay property offers 2.44 acres of commercial land strategically positioned along Malabar Road SW in Palm Bay, Florida. This site benefits from strong visibility and accessibility, with an AADT of approximately 15,000 vehicles, making it ideal for a wide range of commercial or retail development opportunities. Surrounded by established industrial and commercial uses, the parcel sits within a well-organized road network and features direct frontage along a major east-west corridor. The property is situated adjacent to a substantial commercial building and is bordered by a retention canal system that enhances site drainage and overall aesthetics. Its central location within a growing commercial area presents exceptional potential for new construction, whether for single-tenant, multi-tenant, or specialized commercial users. With its generous acreage, high traffic exposure, and proximity to complementary businesses, this Palm Bay parcel is well positioned to support long-term growth and investment.
Property highlights
- The property is located along Malabar Rd just off St. John's Heritage Pkwy and directly south of the local high school, Heritage High School
- One block from a new Publix anchored shopping center, including McDonald's and Chase Bank, plus two adjacent properties with plans to develop for commercial tenants such as WaWa, CVS, 7 Eleven, and Mavis Tire
- Additional nearby new developments include Palm Bay Reserve, a 95 home community by Stellar Communities and a apartment complex approved for up to 373 units and next door to a Publix anchored shopping center
- Located in the path of growth with new developments of all asset classes in the immediate area, and is within close proximity to daily traffic drivers such as Publix, the local high school, and the Fred Pope regional park and sports complex
- The property benefits from full access off of Malabar Road and provides future retailers excellent visibility right up on the road