2304 Babcock St Melbourne, FL 32901-5308
This single-story, 1,131 square foot office building, located at 2304 S Babcock Street in Melbourne, Florida, presents a fantastic opportunity. Built in 1952 and situated on a 0.18-acre lot, the property is zoned C1A and features a convenient open reception/waiting area. The interior includes one large and one small office space, a kitchenette, and a bathroom. Ample off-street parking is available. The asking price is $275,000, translating to $243.15 per square foot. The building is classified as Class C and offers the flexibility of use as either traditional or creative office space. The property is ready for occupancy on March 18, 2024. Its location just south of 192, on the west side of Babcock Street in Brevard County (zip code 32901), provides excellent accessibility. The property's APN is 28-37-04-75-*--35. This is an ideal investment for those seeking a well-located, versatile office space in a thriving area.
-
Open Mind Zen Alternative Medicine Practice Spiritual Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C1A · Melbourne, FLMelbourne. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.