429 S Babcock Street, Melbourne, FL 32901

$2,250,000

Virtual Tour

https://www.propertypanorama.com/instaview/spc/1039392

Property Type: Commercial Sale Baths: 1 Square Footage: 3,100 Lot Size (sq. ft.): 18,295 Status: Active

Current Price: $2,250,000 List Date: 3/07/2025 Last Modified: 10/31/2025

Overview

Description

Prime Midtown Melbourne Development Opportunity - $2.25M Exciting new plans, approvals, and a full build-out are now available for the addition of new gas tanks, four gas pumps with eight nozzles at this premier location. Strategically positioned in Midtown Melbourne, between the Eau Gallie and Melbourne Causeways, this C-2 Commercial zoned property boasts 150 feet of frontage on Babcock St. with a high traffic count of 21,000 AADT. Melbourne and Florida's Space Coast are experiencing exponential growth, driven by an influx of highly skilled, well-paid professionals. The area's appeal continues to rise due to no state income tax, corporate tax incentives, mergers, and a thriving start-up ecosystem. With multiple major residential and commercial developments planned for Downtown Melbourne, the future of this rapidly expanding market looks exceptionally bright. Don't miss this rare investment opportunity!

Listing Details MLS# 1039392

General Property Information

Number Of Units Total: Yes
Bathrooms Total: Yes
Building Area Total: 3100
Year Built: 1965
Lot Size Acres: 0.42
Water Body Access YN: No
List Price/SqFt: 725.81

Property Features

Construction Materials: Block; Concrete Cooling: Central Building Current Use: Commercial Flooring: Carpet; Terrazzo Heating: Central Listing Terms: Cash; Conventional Lot Features: Other Parking Features: Covered Possession: Close Of Escrow Roof: Rolled/Hot Mop Sale Includes: Building & Land; Business with Real Estate Security Features: Fire Sprinkler System; Smoke Detector(s) Sewer: Public Sewer Showing Requirements: Call Listing Agent; Showing Service Water Source: Public

Contract Information

Original List Price: 2250000
Listing Contract Date: 2025-03-07
Property Sub Type: Business

Location Tax and Legal

Street Number: 429
Street Direction Prefix: S
Street Name: Babcock
Street Suffix: Street
County: Brevard
State: FL
Postal Code: 32901
MLS Area Major: 330 - Melbourne - Central

Remarks and Miscellaneous

Public Remarks: Prime Midtown Melbourne Development Opportunity - $2.25M Exciting new plans, approvals, and a full build-out are now available for the addition of new gas tanks, four gas pumps with eight nozzles at this premier location. Strategically positioned in Midtown Melbourne, between the Eau Gallie and Melbourne Causeways, this C-2 Commercial zoned property boasts 150 feet of frontage on Babcock St. with a high traffic count of 21,000 AADT. Melbourne and Florida's Space Coast are experiencing exponential growth, driven by an influx of highly skilled, well-paid professionals. The area's appeal continues to rise due to no state income tax, corporate tax incentives, mergers, and a thriving start-up ecosystem. With multiple major residential and commercial developments planned for Downtown Melbourne, the future of this rapidly expanding market looks exceptionally bright. Don't miss this rare investment opportunity!

Status Change Information

Major Change Timestamp: 2025-03-07T17:05:22Z
Major Change Type: New Listing
Status Change Timestamp: 2025-03-07

More Information

Building Features

Clear Ceiling Height: 1214

Income and Expenses

New Taxes Expense: 3826.01

Unit 1 Details

Unit ID: Yes
Unit SqFt: 3100
Furnished: Unfurnished
Unit Remarks: none

Historical Information

Public Historical Remarks 3: Current Zoning: C-2, Frontage Description: Business District,City Road, Legal/Misc-Home Warranty: No

Listing Office: One Sotheby's International

Last Updated: October - 31 - 2025

Information is deemed to be reliable, but is not guaranteed.