1550 Marie ST, Malabar, FL 32950 – 1062422 - Nicholas Morehead

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1062422

HOA Y/N No

Annual Tax Amount $1,506

Tax Year 2024

Lot Size 1.970 Acres

Acres 1.97

Property Sub-Type Unimproved Land

Source Space Coast MLS (Space Coast Association of REALTORS®)

Property Description

The 1.97-acre property, positioned at the corner of Malabar Road & Marie Street in Malabar, FL, features a truncated wedge shape w/ approximately 469 ft of frontage along Malabar Road to the south, 111 ft along Marie Street to the east, 433 ft bordering the historic Banyan Estate to the north, & 289 ft adjoining a wildlife preserve to the west. Re-zoned to General Commercial in 2020, the site cannot be developed as a convenience store. A full survey was completed by Smith Surveying on July 1, 2020, & multiple studies have been conducted, including an environmental assessment, building compaction & percolation testing, & preliminary site-work evaluation w/ Brandon Construction. Under permit, a wide 20-ft-by-350-ft path along the eastern side was cleared to allow for soil testing. The property includes approximately 0.26 acres of wetlands in the southwest corner, believed to be man-made due to poor swale maintenance, w/ mitigation estimated at $30,000-$40,000 & potentially reducible if classified as man-made. No negative findings have been identified that would prevent general commercial use.

Location

State FL

County Brevard

Area 342 - Malabar/Grant-Valkaria

Direction Exit I-95 at Exit 173 for State Road 514 (Malabar Road) west/east. Wikipedia +1 Take SR 514 toward Malabar (the road becomes more two-lane as you enter town). Continue on SR 514 until you reach Marie Street. Turn onto Marie Street and proceed until you reach 1550 Marie St (the parcel is on the corner of Marie St and Malabar Road

Exterior

Exterior Feature ExteriorFeatures

Utilities Available Electricity Available,Sewer Not Available,Water Available

Present Use Unimproved

Garage No

Building

Lot Description Cleared,Many Trees,Wetlands

Sewer Septic Tank

Water Well

Schools

Elementary Schools Port Malabar

High Schools Palm Bay

Others

Senior Community No

Tax ID 28-37-36-00-00762.0-0000.00

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition Standard