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470 Malabar Rd SE
Palm Bay, FL 32909

$1,600,000 USD

Medical Condo For Sale  •  4,988 SF

Property Details

  • Property Type Medical
  • Total Building Size 12,000 SF
  • Lot Size 0.28 AC
  • Building Class B
  • Year Built 2021
  • Tenancy Single
  • Zoning RC
0 Transit Score
34 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 101 Medical Office 4,988 SF $1,600,000 USD
  • Unit Size: 4,988 SF
  • Condo Use: Medical Office
  • Price: $1,600,000 USD
  • Sale Type: Investment
  • Price/SF: $320.77 USD
Description
Premier 2015-built medical office in an established healthcare corridor alongside Fresenius Kidney Care and other providers. The 4,988 sq. ft. building is leased to a long-term medical tenant on a 10-year NNN lease through May 2030, offering stable income and minimal management in a rapidly growing Palm Bay market.

Sale Notes
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.

Highlights

2015 medical office in established healthcare corridor
Long-term NNN lease in place through May 2030
High traffic corridor with 23,000 vehicles per day
Strong demographics with over 180k population within five miles

Property Flyers

Amenities

  • Wheelchair Accessible
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Melbourne Orlando International 22 min - 10.6 mi
Kyle Camerlinck 561-371-5143 Taiter Realty
Kyle Camerlinck 561-371-5143 Taiter Realty