Midtown Melbourne Development
For Sale
$2,250,000
429 S Babcock Street, Melbourne, FL 32901
C-2 zoned property with high traffic count.
Property Size3,100 SF
Price / SF$725.81
Days on Market868
Property Features for 429 S Babcock Street
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1965
Listing Agency:
One Sotheby's International
Listed By:
James Edmunds · License #3414010
(321) 349-5068
Source:
Onesothebysrealty
Added: Apr 27, 2024
Changed: Sep 10
Last Checked: Sep 10 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 One Sotheby's International
Investment Insights
Based on property information with market context.
This property, located in Midtown Melbourne between the Eau Gallie and Melbourne Causeways, presents a development opportunity. The C-2 Commercial zoned property features 150 feet of frontage on Babcock St. with a high traffic count of 21,000 AADT. Plans, approvals, and a full build-out are available for the addition of new gas tanks and four gas pumps with eight nozzles. The area is experiencing growth due to an influx of skilled professionals, no state income tax, corporate tax incentives, mergers, and a thriving start-up ecosystem. Multiple major residential and commercial developments are planned for Downtown Melbourne.
Key Highlights
- Approved plans and build‑out available for new gas tanks and four gas pumps with eight nozzles.
- Prime Midtown Melbourne location between Eau Gallie and Melbourne Causeways.
- C‑2 Commercial zoning with 150 feet of frontage on Babcock St.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
791
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Shops & Services 35%
Beauty & Spa 6%
SONIC Drive In
Dining
12,212 visits/mo
0.1 miles
Hooters
Dining
5,413 visits/mo
0.4 miles
Chevron
Shops & Services
5,381 visits/mo
0.4 miles
BP
Shops & Services
5,070 visits/mo
0.2 miles
Salon Centric
Beauty & Spa
1,883 visits/mo
0.4 miles
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
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Gas station - C-2 zoned property with high traffic count.
Where is this gas station located?
The property is located at 429 S Babcock Street Melbourne, FL.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Approved plans and build‑out available for new gas tanks and four gas pumps with eight nozzles.; Prime Midtown Melbourne location between Eau Gallie and Melbourne Causeways.; C‑2 Commercial zoning with 150 feet of frontage on Babcock St.
