$674,900

Rare Indian River waterfront opportunity in Malabar! Situated on approximately 1.07 acres along US Highway 1, this unique vacant parcel offers a combination of waterfront setting, highway visibility, and flexible Residential/Limited Commercial (R/LC) zoning. The R/LC designation provides potential for residential, multifamily, limited commercial, or mixed-use development, subject to Town of Malabar approval and applicable development requirements. With approximately 46,600 square feet of land, this property offers an exceptional opportunity for an owner-user, investor, or developer seeking a distinctive site along the Indian River corridor. Potential concepts may include residential development, multifamily use, neighborhood-scale commercial use, or a combination of residential and limited commercial uses. Conveniently located on US-1 in Malabar with easy access to Palm Bay, Melbourne, Grant-Valkaria, and surrounding communities. Bring your vision and explore the possibilities of this unique Space Coast waterfront property. Rare Indian River waterfront opportunity in Malabar! Situated on approximately 1.07 acres along US Highway 1, this unique vacant parcel offers a combination of waterfront setting, highway visibility, and flexible Residential/Limited Commercial (R/LC) zoning. The R/LC designation provides potential for residential, multifamily, limited commercial, or mixed-use development, subject to Town of Malabar approval and applicable development requirements. With approximately 46,600 square feet of land, this property offers an exceptional opportunity for an owner-user, investor, or developer seeking a distinctive site along the Indian River corridor. Potential concepts may include residential development, multifamily use, neighborhood-scale commercial use, or a combination of residential and limited commercial uses. Conveniently located on US-1 in Malabar with easy access to Palm Bay, Melbourne, Grant-Valkaria, and surrounding communities. Bring your vision and explore the possibilities of this unique Space Coast waterfront property.