429 S Babcock Street, Melbourne, FL 32901
$2,250,000
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
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!
More Information MLS# 1039392
Location, Tax, and Legal
Tax Account: 2728378
Parcel Number: 27-37-27-51-00000.0-0262.00
General County Location: South
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
Number Of Units Total: 1
Building Area Total: 3100
Lot Size Acres: 0.42
Water Body Access YN: No
List Price/SqFt: 725.81
Bathrooms Total: 1
Year Built: 1965
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!
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Building: 1
Current Use
Commercial: 1
Flooring
Carpet: 1
Terrazzo: 1
Heating
Central: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Other: 1
Parking Features
Covered: 1
Possession
Close Of Escrow: 1
Income and Expenses
New Taxes Expense: 3826.01
Roof
Rolled/Hot Mop: 1
Security Features
Fire Sprinkler System: 1
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Unit 1 Details
Unit ID: 1
Annual Rent: 0
Unit SqFt: 3100
Baths Total: 1
Furnished: Unfurnished
Unit Remarks: none
Water Source
Public: 1
Showing Requirements
Call Listing Agent: 1
Showing Service: 1
Building Features
Clear Ceiling Height: 1214
Sale Includes
Building & Land: 1
Business with Real Estate: 1
Historical Information
Public Historical Remarks 3: Current Zoning: C-2, Frontage Description: Business District,City Road, Legal/Misc-Home Warranty: No
Contract Information
Current Price: $2,250,000
Original List Price: 2250000
List Price: $2,250,000
Status: Active
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
Status Change Information
Major Change Timestamp: 2025-03-07T17:05:22Z
Major Change Type: New Listing
Status Change Timestamp: 2025-03-07
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
Listing Office:
One Sotheby's International
Last Updated: October - 31 - 2025
Information is deemed to be reliable, but is not guaranteed.