5 Baths
5,010 sqft
$1,975,000
1264 Malabar Road SE, Palm Bay FL, 32907
Price per sqft$394.21
Built in1988
Property size5,010 sqft
Property typeCommercial
Overview
Sold
Closed
Listed Apr 22, 2026
Updated Sep 9
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.
Additional information
- MLS® ID
- 1075327
Interior Features
- Bathrooms
- 5
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 3.49 Acres
Other Property Details
- Taxes
- $17,681
- Tax Frequency
- Annually
Courtesy of Rahal Real Estate LLC, Michael J Toppa,
Listing Contact: 321-631-0511
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor The Burgman Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2026 FL - MLS of South Brevard & the Space Coast Association of REALTORS (SPACE). All rights reserved.
