Current Use by Public Records
- Specialty properties
Property Details for 3999 Babcock St
- Lot size
- 13.64 lot acres
- Property type
- Specialty properties
- Property subtype
- Schools
Description
This exceptional 13.64-acre property in Melbourne, Florida, offers a unique development opportunity. Located at 3999 S Babcock St #6, 32901, this 594,158 square foot site presents itself as a prime location for a variety of uses, including religious, educational, or sports/entertainment facilities. Situated in Brevard County, east of N Federal Highway, this property benefits from high visibility due to its location on Babcock Street, boasting a traffic count of 36,000 vehicles. Its strategic placement near Interstate 95 and Orlando-Melbourne International Airport provides excellent accessibility. The property is designated as a Qualified Opportunity Zone, offering significant tax advantages to investors under the Tax Cuts and Jobs Act of 2017. This presents a compelling investment opportunity within a thriving mixed-use development, encompassing single-family homes, apartments, retail, medical and professional spaces, senior living, and entertainment venues. The area's proximity to Cape Canaveral and the Kennedy Space Center further enhances its appeal. The year built is to be determined. This fee-simple ownership provides complete control and potential for substantial returns. The property's size and location make it ideal for large-scale development projects.
Value Estimations
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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
