429 Babcock St Melbourne, FL 32901
- Retail properties
- 0.42 lot acres
Current Use by Public Records
- Retail properties
Property Details for 429 Babcock St
- Year built
- 1965
- Lot size
- 0.42 lot acres
- Property type
- Retail properties
- Property subtype
- Land
Description
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.
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
- -80.6214
- Latitude
- 28.1014
