191 Malabar Rd NW
Palm Bay, FL 32907
Development Opportunity | .45AC | Palm Bay · Land For Sale · 0.45 AC

Presenting a prime 0.45 AC commercial land opportunity in the heart of Palm Bay—located at 180 & 191 Malabar Road NE, Palm Bay, Florida. These two adjacent parcels of vacant land are strategically positioned next to a brand-new Dairy Queen, offering exceptional visibility and accessibility. Located directly across from key civic and commercial landmarks—including City Hall, the Police Department, and the local library—this site benefits from strong community engagement and consistent foot traffic. Additionally, the property is adjacent to a retail strip center anchored by Winn-Dixie, featuring national tenants such as McDonald’s, Great Clips, Planet Fitness, Mash Hoagies, Space Coast Credit Union, PNC Bank, and more. Malabar Road SE sees a daily traffic count of 21,300 vehicles, ensuring significant exposure for future developments. Retail development presents an excellent opportunity for a small to mid-sized retail store in a high-traffic commercial corridor. With 21,300 vehicles passing daily on Malabar Road SE, a retail business here would enjoy high visibility and accessibility, making it an ideal location for a boutique, specialty store, convenience shop, or service-oriented business. The lot allows for a well-designed storefront with large display windows, ample customer parking, and prominent signage to maximize exposure. Just minutes away, The Shoppes of Palm Bay further enhance the area’s retail presence, with prominent tenants including Walmart Supercenter, Home Depot, Texas Roadhouse, Lowe’s, Chick-fil-A, Harbor Freight, Publix, Waffle House, and Comfort Suites.
Palm Bay is one of Florida’s fastest-growing cities, offering a strong economic foundation with a diverse mix of industries including aerospace, manufacturing, and technology. As part of the Space Coast region, Palm Bay enjoys close proximity to major aerospace employers and its thriving business environment makes it an attractive destination for both residents and commercial investors.