476 Babcock St Melbourne, FL 32935

Property Details for 476 Babcock St

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.17 lot acres

Property size

2,837 SF

Zone code

C2

Property type

Office buildings

APN

27-37-21-00-00770.0-0000.00

APU

9223372036854775807

Description

This exceptional retail property, located at 476 N Babcock Street in Melbourne, Florida, presents a compelling investment opportunity. The 1-story building, constructed in 1958, sits on a sizable 7,405.2 square foot lot. Currently configured as two separate retail units, each with its own entrance, the property offers flexibility for future use. The units could easily be combined to create a larger, single retail space, catering to a variety of business needs. The building's prime location at the busy corner of N. Babcock Street and Laurie Street, just one block south of US 1, ensures high visibility and accessibility. This area, known as Midtown Melbourne, is experiencing significant growth and development, making it a highly desirable location for businesses. Midtown Melbourne is recognized as one of the most concentrated business districts in the area, promising strong potential for rental income and property appreciation. The asking price for this property is $699,000. This presents a rare chance to acquire a well-situated retail property in a thriving commercial area of Melbourne, Florida, with the potential for significant return on investment. The property's zip code is 32935.

Location Insight

City

Melbourne

County

Brevard

State

Florida

Longitude

-80.6234

Latitude

28.1147

CBSA code

37340

CBSA name

PALM BAY-MELBOURNE-TITUSVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments