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Property profile

665 Babcock St Melbourne, FL 32901

OFF-MARKET
Retail properties & Spaces
1.01 ac lot
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Property summary

AI-generated overview

This exceptional 1.01-acre property, located at 665 S Babcock St, Melbourne, FL 32901, presents a rare investment opportunity. The property includes two buildings constructed in 1969 and 2008, offering a total of two bays for auto repair services. Strategically positioned across from Melbourne International Airport and near a university, this high-visibility location boasts a signalized intersection with over 30,000 vehicles per day (VPD) on Babcock Street and an additional 13,000 VPD on Apollo Boulevard, ensuring significant traffic exposure. The property benefits from established partnerships with airport rental car agencies, further enhancing its potential. Situated within a thriving retail corridor featuring national brands like Publix, Lowe's, and Chick-fil-A, this location enjoys low competition and benefits from Melbourne's robust economic growth and Florida's tax-free environment. The asking price is $1,250,000. This turnkey operation offers immediate income potential and significant long-term growth prospects in a prime location. The property's accessibility, high visibility, and strategic partnerships make it an ideal investment for a discerning buyer seeking a strong return on investment in a high-growth market. The historically permitted use for auto repair is a significant advantage.

Property profile

Verified
Property type Retail properties & Spaces
Lot 1.01 ac (43,996 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop Vehicle Inspection Center

Location

665 Babcock St Melbourne, FL 32901
Melbourne metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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