3999 Babcock StMelbourne, FL 32901

This exceptional 12.38-acre site in Melbourne, Florida, presents a remarkable opportunity for the development of 104 townhomes. Located within the master-planned Melbourne City Center, a 227-acre mixed-use development, this Class A property boasts a prime location on Babcock Street and Pirate Lane, benefiting from high visibility with a daily traffic count of 36,000 vehicles. The site's strategic position east of Interstate 95 and south of Orlando-Melbourne International Airport ensures excellent accessibility. Melbourne City Center's comprehensive plan includes recreational areas, play areas, pavilions, and a fitness trail, creating a vibrant and desirable community. The development's diverse mix of residential, retail, medical, and educational components attracts a wide range of residents and consumers. The property is zoned for residential and mixed-use development, offering significant flexibility. The asking price is $6,968,000, with a price per unit of $67,000. This fee-simple ownership opportunity is further enhanced by its designation as a Qualified Opportunity Zone, providing significant tax advantages for investors under the Tax Cuts and Jobs Act of 2017. The property's APN is 28-37-15-00-00001. The year built is to be determined (TBD). This development is situated near Cape Canaveral and the Kennedy Space Center, adding to its appeal and potential for strong rental demand.