Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    476 Babcock St Melbourne, FL 32935

    Sponsored
    For Sale
    $699,000

    Two-unit building, prime location, $699,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail property, located at 476 N Babcock Street in Melbourne, Florida, presents a compelling investment opportunity. The 1-story building, constructed in 1958, sits on a sizable 7,405.2 square foot lot. Currently configured as two separate retail units, each with its own entrance, the property offers flexibility for future use. The units could easily be combined to create a larger, single retail space, catering to a variety of business needs. The building's prime location at the busy corner of N. Babcock Street and Laurie Street, just one block south of US 1, ensures high visibility and accessibility. This area, known as Midtown Melbourne, is experiencing significant growth and development, making it a highly desirable location for businesses. Midtown Melbourne is recognized as one of the most concentrated business districts in the area, promising strong potential for rental income and property appreciation. The asking price for this property is $699,000. This presents a rare chance to acquire a well-situated retail property in a thriving commercial area of Melbourne, Florida, with the potential for significant return on investment. The property's zip code is 32935.

    Property Features for 476 Babcock St

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1958
    Stories
    1
    Units
    2

    HighLights

    • $699,000 asking price.
    • Two‑unit retail building.
    • 1958 construction, one story.
    • 7,405.2 sq ft lot.
    • Free‑standing building on a busy corner in Midtown Melbourne, FL, one block from US‑1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cosmic Bicycle Shop Used Bicycle Shop Michele's Closet Consignment Shop Mortgage Modification Specialist Mortgage Lender Donald A Bittar Mortgage Lender

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6233578
    Latitude
    28.1146678

    Nearby Similar for Sale

    • $757,997
      1,823 SF

      Historic Home in Arts District

      Restored 1928 home near Eau Gallie Arts District.
      1248 Highland Ave, Melbourne, FL 32935
      View Details
    • New
      $2,849,000
      8,108 SF

      Two Office Buildings on US1

      Two office buildings on US1 in Melbourne, Florida for sale.
      525 N Harbor City Blvd, Melbourne, FL 32935
      View Details
    • $489,000
      2.51 Acres

      Equestrian Estate with Six-Stall Barn

      2.5-acre equestrian estate featuring a six-stall barn and updated utilities.
      3900 Miami Ave, Melbourne, FL 32904
      View Details
    • $1,700,000
      9,000 SF

      Historic Landmark in Downtown Melbourne

      9000 sq ft historic property with redevelopment potential.
      1824 S Harbor City Blvd, Melbourne, FL 32901
      View Details
    • $1,500,000
      4,948 SF

      Versatile Commercial Property in Melbourne

      Former nursing school suitable for educational, medical, or professional use.
      111 Scott St, Melbourne, FL 32901
      View Details
    • $1,480,000
      7,728 SF

      Melbourne Multifamily Investment Opportunity

      Eleven units near employers, beaches, mall, and airport.
      89 NW Irwin Ave, Melbourne, FL 32904
      View Details
    • $2,400,000
      8,034 SF

      Wickham Road Commercial Property

      Prime commercial property with high visibility and convenient access.
      580 S Wickham Rd, Melbourne, FL 32904
      View Details
    • $875,000
      4,070 SF

      Downtown Melbourne Commercial Opportunity

      Two-building commercial property in the heart of Downtown Melbourne.
      604 E New Haven Ave, Melbourne, FL 32901
      View Details
    • $1,200,000
      7,402 SF

      Turnkey Restaurant Opportunity in Melbourne

      Well-known Italian restaurant with liquor license in premier shopping destination.
      6630 Colonnade Ave, Melbourne, FL 32940
      View Details
    • $599,000
      1,994 SF

      Medical/Professional Office Condo in Melbourne

      Upscale medical/professional/retail office condo in Brevard Medical City.
      6549 N Wickham Rd, Melbourne, FL 32940
      View Details
    • New
      $279,500
      1,429 SF

      Commercial Building with Flexible Zoning

      Office building with two suites and detached garage.
      2299 Sarno Rd, Melbourne, FL 32935
      View Details
    • New
      $269,000
      1,283 SF

      Commercial Office Unit in Melbourne

      Second floor office unit with private restrooms and reception area.
      2955 Pineda Plaza Way, Melbourne, FL 32940
      View Details

    FAQs

    What type of property is this?
    Retail property - Two-unit building, prime location, $699,000
    Where is this retail property located?
    The property is located at 476 Babcock St Melbourne, FL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: $699,000 asking price.; Two-unit retail building.; 1958 construction, one story.
    Request Owner's contact information
    476 Babcock St Melbourne, FL 32935
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    476 Babcock St
    Melbourne, FL 32935
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    476 Babcock St Melbourne, FL 32935
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.