3999 Babcock St Melbourne, FL 32901
- Residential income homes
- 12.38 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 3999 Babcock St
- Lot size
- 12.38 lot acres
- Property type
- Residential income homes
Description
This exceptional 12.38-acre site in Melbourne, Florida, presents a remarkable opportunity for the development of 104 townhomes. Located within the master-planned Melbourne City Center, a 227-acre mixed-use development, this Class A property boasts a prime location on Babcock Street and Pirate Lane, benefiting from high visibility with a daily traffic count of 36,000 vehicles. The site's strategic position east of Interstate 95 and south of Orlando-Melbourne International Airport ensures excellent accessibility. Melbourne City Center's comprehensive plan includes recreational areas, play areas, pavilions, and a fitness trail, creating a vibrant and desirable community. The development's diverse mix of residential, retail, medical, and educational components attracts a wide range of residents and consumers. The property is zoned for residential and mixed-use development, offering significant flexibility. The asking price is $6,968,000, with a price per unit of $67,000. This fee-simple ownership opportunity is further enhanced by its designation as a Qualified Opportunity Zone, providing significant tax advantages for investors under the Tax Cuts and Jobs Act of 2017. The property's APN is 28-37-15-00-00001. The year built is to be determined (TBD). This development is situated near Cape Canaveral and the Kennedy Space Center, adding to its appeal and potential for strong rental demand.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Melbourne
- County
- Brevard
- State
- Florida
- Longitude
- -80.6213
- Latitude
- 28.0517
