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Sustainable Mixed-Use Development Opportunity
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3999 S Babcock St # 7, Melbourne, FL 32901

Proposed mixed-use development site in Melbourne City Center.

Property Size609,840 SF
Lot Size14.00 Acres
Days on Market847

Property Features for 3999 S Babcock St # 7

General Information

Standard status Active
Size 609,840 SF
Lot size 14.00 Acres
Property subtype Office
Listing Agency: Manny Chamizo #1 Sotheby's Commercial Broker
Listed By: Manny Chamizo · License #0479698
Source: Crexi
Added: Apr 5, 2024 Changed: Jul 10 Last Checked: Jul 30 at 3:02PM

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 Manny Chamizo #1 Sotheby's Commercial Broker

Investment Insights

Based on property information with market context.

Melbourne City Center is a proposed sustainable mixed-use development intended to attract residents, professionals, university students, and consumers. The development will consist of single-family homes, apartments, a retail center, a medical and professional campus, a senior living facility, a university site, a charter school, restaurants, and entertainment venues. The site is located on Babcock Street and Pirate Lane in the City of Melbourne, in the heart of the Space Coast, near Cape Canaveral and the Kennedy Space Center. The location is east of Interstate 95 and south of Orlando-Melbourne International Airport. The property benefits from high traffic count on South Babcock Street, with a traffic count of 36,000. The property size is 609840 square feet.

Key Highlights

  • Sustainable mixed‑use development with diverse housing, retail, medical, educational, and entertainment options.
  • Strategic location on Babcock Street and Pirate Lane with high traffic count (36,000) and excellent visibility.
  • Proximity to Cape Canaveral and the Kennedy Space Center.

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

457
Businesses Nearby

Demographics for 32901, FL

26,286
Population
13,241
Households
2
Avg Household Size
46
Median Age
31%
College-Educated
90%
High-School Grad
12.1 sq mi
ZIP Area
2,172
Density / Sq Mi
$50,646
Median Household Income
$31,929
Median Earnings
$1,349
Median Rent
$244,500
Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Brevard County, FL

Jan
Feb
$357 Mar
$353 Apr
$415 May
$415 Jun

Properties on Market for Mixed-use properties in Brevard County

Jan
Feb
Mar
Apr
May
Jun

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Proposed mixed-use development site in Melbourne City Center.
Where is this mixed-use property located?
The property is located at 3999 S Babcock St # 7 Melbourne, FL.
What are key features of this property?
This property features: Sustainable mixed‑use development with diverse housing, retail, medical, educational, and entertainment options.; Strategic location on Babcock Street and Pirate Lane with **high traffic count (36,000) and excellent visibility.**; Proximity to Cape Canaveral and the Kennedy Space Center.
(786) 486-6655 Call to check price and availability
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