429 Babcock St Melbourne, FL 32901
This exceptional .42-acre commercial land parcel, encompassing 18,295 square feet, presents a prime investment opportunity in the heart of Midtown Melbourne, Florida. Strategically located between the Eau Gallie and Melbourne Causeways, this C-2 zoned property boasts 150 feet of frontage on Babcock Street, ensuring high visibility and accessibility. The site benefits from a significant daily traffic count of 21,000 vehicles, providing exceptional exposure for any commercial venture. Melbourne and the surrounding Space Coast region are experiencing remarkable growth, fueled by a influx of highly skilled workers drawn to the area's favorable tax climate (no state income tax), attractive incentives for businesses, and a thriving entrepreneurial ecosystem. This growth is further supported by three major residential projects planned for Downtown Melbourne, promising a bright future for the area. The Space Coast's diverse corporate landscape, ranging from startups to large corporations, creates a dynamic and robust business environment. This property is ideally suited for a variety of commercial uses, offering significant potential for development and return on investment. Showings are available by appointment only. The property is located at 429 & 427 S Babcock Street, Melbourne, FL 32901.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.