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1264 Malabar Road SE , Palm Bay, FL 32907

$2,250,000

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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 areas most sought-after business hubs. New roof in October 2025.

1264 Malabar Road SE | MLS# 1075327

This commercial property located at 1264 Malabar Road SE , Palm Bay, FL 32907 is currently listed for sale with an asking price of $2,250,000. Search Palm Bay real estate on www.myhouseofwindsor.com today.

Property Features

Property Type: Commercial - Office
Cooling: Central Air, Electric
Heating: Central, Electric
Lot Size: 3.49 Acres
Year Built: 1988
Square Feet: 5,010

Feature Descriptions

Exterior: Block, Stucco
Lot: Other
Parking Notes: Off Street, Parking Lot, Unassigned
Sewer: Public Sewer
Utility Features: Electricity Connected, Water Connected
Water: Public

Listed By / Shown By

Listed By

Agency Name: Rahal Real Estate LLC
Agency Phone: 321-631-0511

Shown By

Agent Name: Hannah Windsor
Agent Phone: (904) 534-6790
Agency Title: Watson Realty Corp., REALTORS ®

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