Multi-Unit Retail Building Ground
439 S Babcock Street Melbourne, FL 32901
439 S Babcock Street, Melbourne, FL, 32901
$375,000
For Sale
$375,000
Multi-unit retail building with two storefront units, 12' 8" clear height, and a 10' x 10' grade-level door.
Property Size5,550 SF
Price / SF$67.57
Days on Market181
Property Features for 439 S Babcock Street
General Information
- Standard status
- Active
- Size
- 5,550 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing agency
The Ullian Realty Corporation
(321) 750-3439
Listed by
Zachary Ullian · License #3445627
(321) 750-3439
Source
Xome
Added: Jan 21 Updated: Jul 21 at 4:03AM Checked: Jul 21 at 4:03AM
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 The Ullian Realty Corporation
Investment Insights
Based on property information with market context.
This is a 5,550 SF multi-unit retail building offered as a ground lease purchase. The property includes at least two units: Unit 437 at approximately 1,000 SF and Unit 439 at approximately 4,550 SF. Unit 439 is estimated at 50% showroom and 50% storage, with tile flooring and drop ceilings noted throughout. The building provides 12' 8" clear height and includes one 10' x 10' grade-level door. Utilities are described as common city water and sewer, with FPL electric separately metered, and parking is provided with eight asphalt spaces.
The property is located directly on Babcock Street, described as an immediate connector between US 1 and Nasa Boulevard. The surrounding employment base mentioned includes Leonardo DRS, Melbourne International Airport, and the Melbourne Courthouse.
The ground lease term is 99 years, commenced 7/1/1965 and scheduled to expire 6/30/2064. Current ground lease rent for 2026 is stated as $18,540.36, with the next increase set for 1/1/2030 based on CPI.
The property is located directly on Babcock Street, described as an immediate connector between US 1 and Nasa Boulevard. The surrounding employment base mentioned includes Leonardo DRS, Melbourne International Airport, and the Melbourne Courthouse.
The ground lease term is 99 years, commenced 7/1/1965 and scheduled to expire 6/30/2064. Current ground lease rent for 2026 is stated as $18,540.36, with the next increase set for 1/1/2030 based on CPI.
Key Highlights
- Ground lease opportunity for a 5,550 SF multi‑unit retail building with two storefront units (Unit 437 and Unit 439).
- 99‑year ground lease commenced 7/1/1965 and expires 6/30/2064; current ground lease rent is $18,540.36 for 2026.
- Next ground lease increase is 1/1/2030 based on CPI.
Property Analytics
Location Intelligence
Current Use by Public Records
Unique Cuts Etc ...
Hair Salon
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FAQs
What type of property is this?
Storefront property - Multi-unit retail building with two storefront units, 12' 8" clear height, and a 10' x 10' grade-level door.
Where is this storefront property located?
The property is located at 439 S Babcock Street Melbourne, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Ground lease opportunity for a 5,550 SF multi‑unit retail building with two storefront units (Unit 437 and Unit 439).; 99‑year ground lease commenced 7/1/1965 and expires 6/30/2064; current ground lease rent is $18,540.36 for 2026.; Next ground lease increase is 1/1/2030 based on CPI.
