Multifamily Development
For Sale
$7,950,000
4038 S Babcock Street, Melbourne, FL 32904
Contiguous multifamily development site approved for 300 residential units under the Live Local Act.
Property SizeContact for details
Lot Size12.62 Acres
Days on Market91
Property Features for 4038 S Babcock Street
General Information
Standard status
Active
Lot size
12.62 Acres
Property subtype
VacantLand
Additional Details
Highway Access
Yes
Multifamily Units
300
Listing Agency:
Eshenbaugh Land Company
(407) 872-0209
Listed By:
Austin McWilliams · License #SL3451047
Source:
Commercialcafe
Added: May 15
Changed: Aug 8
Last Checked: May 26 at 6:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eshenbaugh Land Company
Investment Insights
Based on property information with market context.
This multifamily development site offers a sizable, contiguous land footprint and is approved under Florida’s Live Local Act for 300 residential units. The property is identified as a 12.62± acre site suitable for a well-scaled multifamily community, with the entitlement framework already in place.
The location provides convenient access to one of South Brevard County’s primary commercial and commuter corridors, situated just north of Palm Bay Road NE, east of I-95, and south of W New Haven Ave (US 192). The site is also positioned near newer retail, residential neighborhoods, and employment centers in Melbourne and Palm Bay, supported by strong connectivity to the broader Space Coast market.
The property is located at 4250 S Babcock Street in Melbourne, Florida (Brevard County).
The location provides convenient access to one of South Brevard County’s primary commercial and commuter corridors, situated just north of Palm Bay Road NE, east of I-95, and south of W New Haven Ave (US 192). The site is also positioned near newer retail, residential neighborhoods, and employment centers in Melbourne and Palm Bay, supported by strong connectivity to the broader Space Coast market.
The property is located at 4250 S Babcock Street in Melbourne, Florida (Brevard County).
Key Highlights
- 12.62± acre multifamily development site at 4250 S Babcock Street in Melbourne, FL
- Approved under the Live Local Act for 300 residential units
- Sizable, contiguous site footprint suitable for a multifamily community
Property Analytics
Property Profile
Current Use
Lease Details
300
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
Explore this area
Business Placement
Demographics for 32904, FL
35,399
Population
15,117
Households
2.3
Avg Household Size
44
Median Age
40%
College-Educated
94%
High-School Grad
217.1 sq mi
ZIP Area
163
Density / Sq Mi
$86,943
Median Household Income
$42,451
Median Earnings
$1,763
Median Rent
$334,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Contiguous multifamily development site approved for 300 residential units under the Live Local Act.
Where is this residential land & home lot located?
The property is located at 4038 S Babcock Street Melbourne, FL.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 12.62± acre multifamily development site at 4250 S Babcock Street in Melbourne, FL; Approved under the Live Local Act for 300 residential units; Sizable, contiguous site footprint suitable for a multifamily community
