2351 Malabar Rd 2.44 Acres of Commercial Land Offered at $1,830,000 in Palm Bay, FL 32907

Positioned in the heart of Palm Bay’s growth corridor, this 2.44-acre commercial parcel offers an exceptional opportunity for developers and investors seeking prime frontage along Malabar Road. With 420 feet of direct visibility and full access from Malabar Road, the site ensures maximum exposure to a steady traffic flow of 15,000 vehicles per day. Located just off St. John’s Heritage Parkway and adjacent to a new Publix-anchored shopping center featuring McDonald’s and Chase Bank, the property is surrounded by a dynamic mix of retail, residential, and recreational developments.
The immediate area is experiencing rapid expansion, including planned commercial projects for WaWa, CVS, and 7-Eleven, as well as new residential communities like Palm Bay Reserve and a 373-unit apartment complex. This strategic location places future retailers within close proximity to Heritage High School, Fred Poppe Regional Park, and multiple master-planned neighborhoods, creating a strong consumer base and consistent traffic drivers.
Palm Bay, the largest city in Brevard County, is a thriving hub along Florida’s Space Coast, benefiting from billions in aerospace and technology investments. With household incomes exceeding $100,000 and net worths over $1 million within a five-minute drive, the demographics support high-quality retail and service concepts. The city’s pro-business environment, combined with Florida’s no state income tax advantage, further enhances the appeal for long-term growth and profitability.
Whether you envision a single-tenant build-to-suit or a multi-tenant retail development, this parcel offers unmatched visibility, accessibility, and positioning in one of Central Florida’s fastest-growing markets.