404 Babcock St Melbourne, FL 32901-1232
This exceptional Brevard County commercial property at 404 S Babcock Street offers two available suites totaling 2,706 square feet in a newly renovated building. Ideally situated in a high-traffic C-1 neighborhood commercial district, this retail plaza enjoys an excellent location near US-1, the Eau Gallie Arts District, downtown Melbourne, and Melbourne International Airport. Its strategic position between two causeways provides quick access to the beach. Suite 101, a 1,452 square foot retail office space, features multiple rooms and one restroom. Suite 102, encompassing 1,254 square feet, combines retail space with a warehouse and includes one restroom. The minimum divisible space is 1,254 square feet, with a maximum contiguous space of 1,452 square feet. Currently, the entire 2,706 square feet is vacant and available for lease. The property is categorized as Retail, Office, and Industrial, with a multiple tenancy structure. The lease rate is $20 per square foot per year, plus a $50 monthly fee covering water, sewer, and trash services. This prime location and versatile space present a unique opportunity for businesses seeking high visibility and convenient access to major transportation routes and local amenities.
-
Painting & Decorating Inc Painting Service General Contractor
The provisions of this district are intended to apply to an area adjacent to arterial and major collector streets and convenient to major residential areas. The types of uses permitted are intended to serve consumer needs. Lot sizes and other restrictions are intended to reduce conflicts with adjacent residential uses and to minimize the interruption of traf…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1 · Melbourne, FLThe provisions of this district are intended to apply to an area adjacent to arterial and major collector streets and convenient to major residential areas. The types of uses permitted are intended to serve consumer needs. Lot sizes and other restrictions are intended to reduce conflicts with adjacent residential uses and to minimize the interruption of traffic along thoroughfares.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.