880 Malabar RdMalabar, FL 32950

Property Details for 880 Malabar Rd

Year built

2015

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.49 AC

Property size (Sq ft)

4,970 SF

Zone code

RC

Property type

Grocery and convenience stores

APN

29-37-05-GJ-00305.0-0009.00

APU

293705GJ003050000900

Description

This exceptional 823,719.6 square foot commercial land parcel presents a unique investment opportunity in the desirable Malabar, Florida area. Located at 0000 W Of 880 Malabar Road, zip code 32950, this expansive property offers nearly 20 acres of buildable land, providing ample space for a wide range of commercial ventures. The property is zoned for commercial use (specific zoning details should be independently verified). Built in 1963, the existing structure on the property requires demolition, presenting a blank canvas for a new development. The single-story building currently on site is not suitable for continued use. Buyers should conduct their own due diligence regarding zoning regulations and permitted uses. The location offers convenient access to local amenities, including shopping and dining options, while still maintaining a connection to the charming community of Malabar. This substantial acreage is perfect for developers seeking a large-scale project, offering the potential for a variety of uses, from custom homes to commercial developments or even specialized facilities. The property's size and location make it a highly attractive investment opportunity in a growing Florida market. The asking price is $1,300,000. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $2,007,955

  6.5%

  $1,853,497

  7%

  $1,721,104

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,966,706

  Geo Method

  $1,966,706

• Alternative Use

  Use

  Valuation

  Residential

  $1,563,494

  Hospitality

  $1,432,152

  Educational

  $1,191,534

  Medical

  $1,232,512

  Retail

  $1,853,497

Location Insight

City

Palm Bay

County

Brevard

State

Florida

Latitude

27.9983

Longitude

-80.648

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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