For Sale
Call for price

3999 Babcock StMelbourne, FL 32901

8-Acre Mixed-Use Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 8.6-acre site in Melbourne, Florida, presents a unique redevelopment opportunity. Located at 3999 S Babcock St #5, 32901, this Fee Simple property boasts 374,616 square feet and is zoned for Mixed-Use Development. The property's prime location on Babcock Street and Pirate Lane offers high visibility with a daily traffic count of 36,000 vehicles. Its strategic position east of I-95 and south of Orlando-Melbourne International Airport ensures excellent accessibility. The planned Melbourne City Center development encompasses a diverse range of uses, including single-family homes, apartments (50 units currently planned), retail space, medical and professional offices, a senior living facility, a university site, a charter school, and restaurants and entertainment venues. This development is situated in a Qualified Opportunity Zone, offering significant tax advantages to investors under the Tax Cuts and Jobs Act of 2017. Investors can leverage this program to defer capital gains taxes, potentially reducing tax liabilities significantly. The property's Class A designation reflects its high-quality potential and the significant upside for future development. This is a rare chance to be part of a vibrant, growing community on Florida's Space Coast, near Cape Canaveral and the Kennedy Space Center. The APN is 28-37-15-00-00001. The year of construction is to be determined (TBD).

Highlights

  • 8.6-acre mixed-use development site in Melbourne, FL.
  • 374,616 square foot Fee Simple parcel located at 3999 S Babcock St #5, 32901, with high visibility on Babcock Street and Pirate Lane (36,000 VPD).
  • Excellent accessibility, east of I-95 and south of Orlando-Melbourne International Airport, within the planned Melbourne City Center development.
  • Located in a Qualified Opportunity Zone, offering significant tax advantages under the Tax Cuts and Jobs Act of 2017.
  • APN: 28-37-15-00-00001.

Property Details for 3999 Babcock St

Property type
Specialty properties, Retirement homes
Square Feet
374,616 SF
Class
A
Lot Size (sq. ft)
374,616 SF
Units
50

Location Insight

City
Melbourne
County
Brevard
State
Florida
Latitude
28.0517219
Longitude
-80.6212943
3999 Babcock St, Melbourne, Florida

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3999 Babcock St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message