$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.