1264 Malabar Rd SE - Medical FOR SALE


Palm Bay, FL 32907
$2,250,000 USD
321-631-0511
1264 Malabar Rd SE, Palm Bay, FL for Sale
$2,250,000 USD
Medical - FOR SALE
1/22
null | 3.33% Cap Rate

1264 Malabar Rd SE
Palm Bay, FL 32907


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$449 USD /SF

CAP RATE

3.33%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

3.49 AC

LAND SF

152,024 SF

ZONING

CC

APN/PARCEL ID

29-37-04-00-00010.0-0000.00

ASK ABOUT THIS PROPERTY

Nicholas RahalRahal Real Estate, LLCMore Info
321-631-0511

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Nicholas RahalRahal Real Estate, LLCMore Info
321-631-0511

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.