429 & 427 S Babcock Street, Melbourne, FL 32901

$899,000
Property Type: Land Lot Size (sq. ft.): 18,295 Status: Active
Current Price: $899,000 List Date: 3/07/2025 Last Modified: 10/31/2025

Description

Prime Midtown Melbourne Commercial Opportunity - 0.42 Acres Centrally located in Midtown Melbourne, between the Eau Gallie and Melbourne Causeways, this 0.42-acre C-2 Commercial property offers 150 feet of frontage on Babcock St. with a high traffic count of 21,000 AADT. Melbourne and Florida's Space Coast are experiencing unprecedented growth, attracting an influx of highly skilled, well-paid professionals. Key drivers include no state income tax, corporate tax incentives, major mergers, and a thriving start-up scene. With three major residential projects planned for Downtown Melbourne, the area's future looks exceptionally bright. From start-ups and mid-sized enterprises to industry giants, the Space Coast is home to a dynamic and innovative business ecosystem across multiple sectors. Shown by appointment only. Don't miss this prime investment opportunity!

More Information MLS# 1039393

Location, Tax, and Legal

Tax Account: 2728378 Parcel Number: 27-37-27-51-00000.0-0262.00 General County Location: South Elementary School: Harbor City Middle School: Hoover High School: Melbourne Tax Annual Amount: 3418.39 Tax Year: 2022 Tax Legal Description: INDIAN RIVER BLUFF AMENDED PLAT NO 2 LOTS 260,262,264 EXC E 10 FT OF LOT 260 & E 10 FT OF N 1/2 OF LOT 262 Directions: Harbor City Blvd. to S on Babcock on left before RR tracks. Or North on Babcock St. 200 feet after crossing RR tracks. Across Babcock St fromNeiman Ave.

General Property Information

Road Frontage Feet: 150 Lot Size Acres: 0.42 Lot Size Dimensions: 150x125 Lot Size Square Feet: 18295 Water Body Access YN: No Senior Community YN: No CDD Fee YN: No List Price/Acre: 2140476.19

Currently Not Used

Pool Private YN: No

Remarks and Miscellaneous

Public Remarks: Prime Midtown Melbourne Commercial Opportunity - 0.42 Acres Centrally located in Midtown Melbourne, between the Eau Gallie and Melbourne Causeways, this 0.42-acre C-2 Commercial property offers 150 feet of frontage on Babcock St. with a high traffic count of 21,000 AADT. Melbourne and Florida's Space Coast are experiencing unprecedented growth, attracting an influx of highly skilled, well-paid professionals. Key drivers include no state income tax, corporate tax incentives, major mergers, and a thriving start-up scene. With three major residential projects planned for Downtown Melbourne, the area's future looks exceptionally bright. From start-ups and mid-sized enterprises to industry giants, the Space Coast is home to a dynamic and innovative business ecosystem across multiple sectors. Shown by appointment only. Don't miss this prime investment opportunity!

Closing Company Details

Closing Company Name: Secure Title Ins. Co. Inc. Closing Company Address: 600 Florida Avenue Suite 104 Cocoa, FL 32922

Current Use

Commercial: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Other: 1

Possession

Close Of Escrow: 1

Road Surface Type

Paved: 1

Sewer

Public Sewer: 1

Special Listing Conditions

Standard: 1

Utilities

Sewer Connected: 1

Water Source

Public: 1

Showing Requirements

Call Listing Agent: 1

Historical Information

Public Historical Remarks 3: Frontage Description: Business District,City Road

Contract Information

Current Price: $899,000 Original List Price: 1000000 List Price: $899,000 Status: Active Listing Contract Date: 2025-03-07 Property Sub Type: Unimproved Land

Location Tax and Legal

Street Number: 429 & 427 Street Direction Prefix: S Street Name: Babcock Street Suffix: Street County: Brevard State: FL Postal Code: 32901 MLS Area Major: 323 - Eau Gallie Subdivision Name: None

Status Change Information

Major Change Timestamp: 2025-05-07T21:30:08Z Major Change Type: Price Reduced Price Change Timestamp: 2025-05-07T21:30:08Z Status Change Timestamp: 2025-03-07

Property Features

Current Use: Commercial Listing Terms: Cash; Conventional Lot Features: Other Possession: Close Of Escrow Road Surface Type: Paved Sewer: Public Sewer Showing Requirements: Call Listing Agent Special Listing Conditions: Standard Utilities: Sewer Connected Water Source: Public
Listing Office: One Sotheby's International
Last Updated: October - 31 - 2025
Information is deemed to be reliable, but is not guaranteed.

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