1280 Highway 1 - Office/Residential FOR SALE


Malabar, FL 32950
$1,500,000 USD
321-609-0935
1280 Highway 1, Malabar, FL for Sale
$1,500,000 USD
Office/Residential - FOR SALE
1/67
null | Request Cap Rate

1280 Highway 1
Malabar, FL 32950


HIGHLIGHTS

  • High-traffic frontage along U.S. Highway 1 with direct visibility to daily commuters.
  • Fully renovated mixed-use commercial property with modern finishes and updated systems.
  • Includes premium waterfront features: 450-foot dock and covered boat lift for added versatility.
  • Expansion opportunity with concrete slab in place and adjacent parcel acquisition options.
  • Features flexible configurations suitable for office, medical, retail, or specialty use.
  • Strategic location near Indian River Lagoon and expanding residential and commercial hubs.

OVERVIEW

Prime mixed-use investment opportunity on Florida's Space Coast. Located at 1280 US Highway 1 in Malabar, this fully renovated 4,357 SF three-unit commercial property sits on 0.61 acres with 113' of high-visibility US-1 frontage and multiple income streams. Three flexible units support retail, office, medical, service, or restaurant use, including a medical-ready space with lead-lined X-ray room and strong restaurant conversion potential. Property features high-end finishes, updated systems, 15 paved parking spaces plus additional gravel parking, and a 110' x 20' concrete slab for expansion (buyer to verify). Unique indirect waterfront access includes a brand-new 450' dock with 16,000-lb boat lift. Major upgrades include full renovation (2025), flat roof (2024), metal roof (2017, sealed 2023), HVAC (2023/2017), and cast iron plumbing replacement. Seller financing available with first right of refusal on adjacent parcel. 6.8% Projected Cap Rate at 100% Occupancy

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$344 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

Mixed Use - Commercial

APN/PARCEL ID

28-38-31-00-00262.0-0000.00

ASK ABOUT THIS PROPERTY

Adam DrwiegaeXp RealtyMore Info
321-609-0935

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Adam DrwiegaeXp RealtyMore Info
321-609-0935

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