For Sale
$1,400,000

5015A Babcock StPalm Bay, FL 32905

6,100 SF Building, 50 Parking Spaces

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 6,100 square foot retail building, situated on a 0.95-acre lot in Palm Bay, Florida (32905), presents a compelling investment opportunity. Located at 5015A Babcock St NE, this Class C property boasts 50 parking spaces and excellent street visibility with 150 feet of frontage on Babcock Street and a depth of 280 feet. Built in 1990, the building features two large gathering rooms, an office, a sales counter area, a snack bar, two restrooms, and a maintenance room. High ceilings with cupolas add to the building's character. The property includes an indoor fire sprinkler system and a robust storm water management system. The zoning is HC: Highway Commercial, allowing for a variety of uses. The site is well above street grade, providing easy access. With a 2018 traffic count exceeding 34,000 ADT on this section of Babcock Street, located midway between Palm Bay Road and Port Malabar Boulevard, this property offers significant potential. The asking price is $1,400,000, translating to $229.51 per square foot. The lease type is gross, and the tenancy is single. The property is currently configured as an entertainment venue, but its flexible layout can accommodate various retail uses, including pharmacy/drug, restaurant, or storefront operations. An eight-inch water line and ample parking further enhance this property's appeal. The existing tenant may be willing to remain.

Highlights

  • 6,100 SF retail building on a 0.95-acre lot in Palm Bay, FL (32905).
  • Located at 5015A Babcock St NE, with 150' of frontage and 50 parking spaces.
  • Class C building, built in 1990, featuring high ceilings, two gathering rooms, office, sales counter, snack bar, restrooms, and maintenance room.
  • HC (Highway Commercial) zoning, allowing for diverse retail uses.
  • $1,400,000 asking price ($229.51/SF), gross lease, single tenant (currently an entertainment venue, but adaptable).
  • Excellent street visibility, over 34,000 ADT (2018).

Property Details for 5015A Babcock St

Property type
Retail properties, Restaurants
Square Feet
6,100 SF
Class
C
Year Built
1990
Lot Size (sq. ft)
41,382 SF

Location Insight

City
Palm Bay
County
Brevard
State
Florida
Latitude
28.0252496
Longitude
-80.6214609
5015A Babcock St, Palm Bay, Florida

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5015A Babcock St
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