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    429 Babcock St Melbourne, FL 32901

    For Sale
    $2,250,000

    Prime Midtown Melbourne location, C-2 zoning, gas station build-out plans.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 0.42-acre commercial property, located at 429 S Babcock Street in Melbourne, Florida, presents a unique investment opportunity. Zoned C-2 Commercial, this site boasts 150 feet of frontage on Babcock Street, a high-traffic area with an average annual daily traffic count of 21,000 vehicles. Complete plans, approvals, and a full build-out for the addition of new gas tanks and four gas pumps (eight nozzles) are already in place, significantly reducing development time and costs. The property's central Midtown Melbourne location, nestled between the Eau Gallie and Melbourne Causeways, provides excellent visibility and accessibility. Built in 1965, this single-unit property is priced at $2,250,000. Melbourne and the surrounding Space Coast are experiencing rapid growth, fueled by a influx of new residents and businesses drawn to the area's favorable tax climate and economic opportunities. This presents a compelling investment opportunity for those seeking to capitalize on the region's burgeoning commercial sector. The property's strategic location and existing development plans make it an ideal investment for a gas station or similar commercial venture.

    Property Features for 429 Babcock St

    General Information

    Property type
    Land
    Lot Size
    18,295 SF

    Building Details

    Year Built
    1965
    Units
    1

    HighLights

    • $2,250,000 asking price.
    • 0.42‑acre lot zoned C‑2 Commercial.
    • 150 feet of frontage on Babcock Street in Melbourne, FL.
    • High traffic count of 21,000 AADT.
    • Includes approved plans and permits for a four‑pump gas station with eight nozzles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Melbourne
    County
    Brevard
    State
    Florida
    Longitude
    -80.6214392
    Latitude
    28.101435

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    FAQs

    What type of property is this?
    Land - Prime Midtown Melbourne location, C-2 zoning, gas station build-out plans.
    Where is this land located?
    The property is located at 429 Babcock St 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: $2,250,000 asking price.; 0.42-acre lot zoned C-2 Commercial.; 150 feet of frontage on Babcock Street in Melbourne, FL.
    Request Owner's contact information
    429 Babcock St Melbourne, FL 32901
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    Melbourne, FL 32901
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    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
    429 Babcock St Melbourne, FL 32901
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