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3999 Babcock StMelbourne, FL 32901

67,518 SF Hotel, 100 Keys, Mixed-Use Potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 1.55-acre fee-simple property, located at 3999 S Babcock St #2, Melbourne, FL 32901 (APN 28-37-15-00-00001), presents a unique opportunity for hospitality development. The existing 67,518 square foot hotel features 100 keys and sits within the vibrant Melbourne City Center, a planned sustainable mixed-use development. This prime location boasts high visibility on Babcock Street, benefiting from a daily traffic count of 36,000 vehicles. Strategically positioned east of I-95 and south of Orlando-Melbourne International Airport, the property enjoys excellent access and proximity to major transportation arteries. The permitted zoning allows for mixed-use development, opening doors to a variety of expansion and redevelopment possibilities. The surrounding area is thriving, encompassing single-family homes, apartments, retail centers, medical and professional campuses, senior living facilities, a university site, a charter school, and diverse dining and entertainment options. This location's appeal extends to residents, professionals, university students, and consumers alike. Furthermore, this property is designated as a Qualified Opportunity Zone under the Tax Cuts and Jobs Act of 2017, offering significant tax advantages to investors. This presents a compelling investment opportunity with substantial potential for growth and return. The property's proximity to Cape Canaveral and the Kennedy Space Center further enhances its appeal and long-term prospects.

Highlights

  • 1.55-acre fee-simple property located at 3999 S Babcock St #2, Melbourne, FL 32901 (APN 28-37-15-00-00001).
  • Existing 67,518 SF hotel with 100 keys in Melbourne City Center, a mixed-use development.
  • High-visibility location on Babcock Street with 36,000 daily vehicle count, excellent access to I-95 and Orlando-Melbourne International Airport.
  • Mixed-use zoning allows for redevelopment and expansion opportunities.
  • Qualified Opportunity Zone (QOZ) designation under the Tax Cuts and Jobs Act of 2017, offering significant tax advantages.

Property Details for 3999 Babcock St

Property type
Hospitality properties, Hotels
Square Feet
67,518 SF
Lot Size (sq. ft)
67,518 SF

Location Insight

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

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3999 Babcock St
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