Mixed Use Residential/Commercial Development Land

Highlights

• 9.52 ± acres has 660' ± Malabar Road frontage.
• (R/LC is Residential up to 6 units per acre along with limited commercial development)
• R/LC has a residential lot size requirement of 20,000sf for single-family and/or multiple-family development.
• Parcel ID: 2937 01 00 00255.0 0000.00 / RE TAX: $2,500 / City of Palm Bay Water & Sewer Available (North side of Malabar Road)
• Malabar Road Traffic Count is 18,800 ADT (2019).

Description

Offered as a residential land sale, this ±9.52 acres has ±660' Malabar Rd frontage. Occupied residence on-site walk property by appointment. Previously zoned RR-65 Rural Residential, however, it is in the process of being rezoned by the Owner and the Town of Malabar to R/LC (Residential / Limited Commercial), which would permit a mixed-use development of single-family homes, multi-family homes, and certain commercial businesses. R/LC has a residential lot size requirement of 20,000sf for single-family and/or multiple-family development.. RE TAX: $2,500.

The site is 1.5 miles East of Palm Bay Hospital and 1.5 miles West of US Highway 1. Interstate 95 Malabar Road Interchange Exit 173, Eastern Florida State College Palm Bay Campus, Home Depot, Lowes, and Wal-Mart Superstore are located approximately 2.5 miles West of the site. This area is also experiencing a considerable amount of high-end residential growth.

Sewer: The closest sewer line is at the Berri Patch School 705 Malabar Road, appx 7,600 feet west of this location.
Water: The closest water line is at the NW corner of Corey Road and Malabar Road, appx 1000 feet west of the property. It would require a bore under Malabar Road. The closest water on the south side of Malabar is at the new Twin Lakes subdivision, one mile further west.