Current Use by Public Records
- Retail properties & Spaces
Property Details for 5015A Babcock St
- Year built
- 1990
- Lot size
- 0.95 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional 6,100 square foot retail building, situated on a 0.95-acre lot in Palm Bay, Florida (32905), presents a compelling investment opportunity. Located at 5015A Babcock St NE, this Class C property boasts 50 parking spaces and excellent street visibility with 150 feet of frontage on Babcock Street and a depth of 280 feet. Built in 1990, the building features two large gathering rooms, an office, a sales counter area, a snack bar, two restrooms, and a maintenance room. High ceilings with cupolas add to the building's character. The property includes an indoor fire sprinkler system and a robust storm water management system. The zoning is HC: Highway Commercial, allowing for a variety of uses. The site is well above street grade, providing easy access. With a 2018 traffic count exceeding 34,000 ADT on this section of Babcock Street, located midway between Palm Bay Road and Port Malabar Boulevard, this property offers significant potential. The asking price is $1,400,000, translating to $229.51 per square foot. The lease type is gross, and the tenancy is single. The property is currently configured as an entertainment venue, but its flexible layout can accommodate various retail uses, including pharmacy/drug, restaurant, or storefront operations. An eight-inch water line and ample parking further enhance this property's appeal. The existing tenant may be willing to remain.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Palm Bay
- County
- Brevard
- State
- Florida
- Longitude
- -80.6215
- Latitude
- 28.0252
