Patti Beaulieu

Advisor

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$ 1,975,000

$ 2,250,000 12.2%

Est. payment -/mo

Sold on 09/03/2026

1264 Malabar RD SE Palm Bay, FL 32907

5 Baths

5,010 SqFt

UPDATED:

Key Details

Sold Price $1,975,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 5,010 sqft

Price per Sqft $394

MLS Listing ID 1075327

Sold Date 09/03/26

Total Fin. Sqft 5010

Year Built 1988

Annual Tax Amount $17,681

Tax Year 2024

Lot Size 3.490 Acres

Acres 3.49

Property Sub-Type Office

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

Land Area 5010

Property Description

Prime Income-Producing Medical Office & Development Site Secure a turnkey investment featuring an established medical office building, anchored by a stable hospital tenant since 2019. Currently generating $75,000 in annual gross income, the lease runs through 2027 with two 1-year renewal options. Located just off the high-traffic Malabar Road corridor, this parcel offers immediate cash flow alongside significant development upside. Benefit from a thriving professional ecosystem and versatile zoning in one of the area's most sought-after business hubs. New roof in October 2025.

Location

State FL

County Brevard

Area 343 - Se Palm Bay

Direction From I95, east on Malabar Rd. to 1264 on the right (just before Babcock St.).

Interior

Heating Central, Electric

Cooling Central Air, Electric

Exterior

Exterior Feature ExteriorFeatures

Parking Features Off Street, Parking Lot, Unassigned

Utilities Available Electricity Connected, Water Connected

Present Use Medical/Dental

Garage No

Building

Lot Description Other

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 29-37-04-00-00010.0-0000.00

Special Listing Condition Standard, Presently Leased

ParcelsYN No

Space Coast Association of Realtors (Brevard MLS)

Listed by Rahal Real Estate LLC
Bought with Harbor City Business Brokers

NEARBY SCHOOLS & PROPERTIES

Patti Beaulieu

Advisor

GET MORE INFORMATION