470 Malabar Rd SE - Medical CONDO FOR SALE


Palm Bay, FL 32909
$1,600,000 USD
561-371-5143
470 Malabar Rd SE, Palm Bay, FL for Sale
$1,600,000 USD
Medical CONDO - FOR SALE
1/10
null | 6.96% Cap Rate

470 Malabar Rd SE
Palm Bay, FL 32909


OVERVIEW

Rapidly Growing Area: 10% population growth since 2018, driven by retirees and healthcare expansion. High Visibility: Over 23,000 vehicles per day along Malabar Rd SE. Convenient Access: Just 2 miles from I-95 and near Palm Bay Shoppes. Hands-Off Ownership: Tenant covers taxes, insurance, and CAM. Tax Reassessment Protection: Tenant responsible for all property tax increases, including those triggered by a sale. Ample Parking: Designed to accommodate medical office traffic for patients and staff.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$321 USD /SF

CAP RATE

6.96%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

12,000 SF

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

RC

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kyle CamerlinckTaiter RealtyMore Info
561-371-5143

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Kyle CamerlinckTaiter RealtyMore Info
561-371-5143

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