5015A Babcock St NE Palm Bay, FL 32905
For Sale
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Located on the East side of Babcock Street, midway between Palm Bay Road and Port Malabar Boulevard. The 6,100± square foot retail building is an entertainment venue. It features two large gathering rooms, an office, a counter area for sales, snack bar, two restrooms and a maintenance room. Decorative high ceilings with cupolas. There is an indoor fire sprinkler system. The rectangular site contains .95± acres. It features 150 feet of frontage on Babcock Street and a depth of 280 feet. It is well above street grade. An existing storm water management system provides good water storage and drainage. The 2018 traffic count in this sector of Babcock is 34,000+ ADT. Full access to Babcock Street via median cu t , 50 parking spaces (1/125 square feet), a storm water retention system and an eight-inch water line . Great location, access, and parking. Building configuration will accommodate a variety of uses. Zoned HC: Highway Commercial - City of Palm Bay.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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