1280 Highway 1 Active Save Request In-Person Tour Request Virtual Tour
Malabar,FL 32950
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,357 sqft
Price per Sqft $550
MLS Listing ID 1058133
HOA Y/N No
Total Fin. Sqft 4357
Year Built 1948
Annual Tax Amount $10,340
Tax Year 2024
Lot Size 0.610 Acres
Acres 0.61
Property Sub-Type Mixed Use
Source Space Coast MLS (Space Coast Association of REALTORS®)
Property Description
Exceptional investment opportunity on Hwy 1 in Malabar! Renovation complete early 2025. This 4,357 SF multi-unit mixed-use property sits on .61 acres with 113' of high-visibility frontage. Modern finishes include LVP flooring & stainless appliances. Recent upgrades: metal roof (2017), flat roof (2024), HVACs (2023 & 2017), all cast iron replaced. Middle unit ideal for dental/medical use with lead-lined x-ray room. Property features a 110'x20' concrete slab (ready for 20'x60' aluminum building, deposit paid), storage container, water softener & 50-gal icemaker. Indirect waterfront with 130' river frontage zoned Coastal Restoration includes new 450' dock, covered 16,000-lb lift & direct river access. Septic pumped 2022. Strong income potential with owner/user flexibility plus first right of refusal on adjacent .82-acre parcel. Seller financing available.
Location
State FL
County Brevard
Area 342 - Malabar/Grant-Valkaria
Direction Heading eastbound on Malabar Rd, take Highway 1 Northbound, Property is the second one on the West side of Highway 1.
Body of Water Indian River
Interior
Heating Central,Electric
Cooling Ceiling Fan(s),Central Air,Electric
Flooring Laminate,Tile,Vinyl
Inclusions Building & Land
Exterior
Exterior Feature ExteriorFeatures
Parking Features Additional Parking,Parking Lot
Waterfront Description River Access
Roof Type Metal,Wood Truss/Raft
Present Use Commercial,Mixed Use
Road Frontage Highway
Garage No
Building
Lot Description Cleared
Sewer Septic Tank
Water Well
Others
Senior Community No
Tax ID 28-38-31-00-00262.0-0000.00
Acceptable Financing Cash,Conventional,Private Financing Available,Other
Listing Terms Cash,Conventional,Private Financing Available,Other
ParcelsYN No
Virtual Tour https://www.propertypanorama.com/instaview/spc/1058133