Entity Owned Property summary
This 900-square-foot freestanding retail building, situated on a 0.14-acre lot at 425 S Babcock St in Melbourne, Florida (zip code 32901), presents a compelling investment opportunity. Built in 1987, the single-story concrete block structure boasts a C1 - Neighborhood Commercial zoning designation, allowing for diverse business applications. Benefiting from a daily traffic count of nearly 25,000 vehicles, this property enjoys exceptional visibility and accessibility. Currently operating as a window, glass, and screen repair shop, the building's adaptable layout easily accommodates various retail or service businesses. The asking price is $349,900, translating to $388.78 per square foot. Owner financing and lease options are available. Note that the existing business is also for sale separately for $50,000 (details upon request). This property is located in Brevard County and offers significant potential for growth and return on investment.
Property profile
VerifiedCap rate & NOI
Current use
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Hardware & Home Improvement Interior Design
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The provisions of this district are intended to apply to an area adjacent to arterial and major collector streets and convenient to major residential areas. The types of uses permitted are intended to serve consumer need…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C1 · Melbourne, FLThe provisions of this district are intended to apply to an area adjacent to arterial and major collector streets and convenient to major residential areas. The types of uses permitted are intended to serve consumer need…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The provisions of this district are intended to apply to an area adjacent to arterial and major collector streets and convenient to major residential areas. The types of uses permitted are intended to serve consumer need…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C1 in Melbourne, FL.
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