429 Babcock StMelbourne, FL 32901

Property Details for 429 Babcock St

Year built

1965

Lot size

0.42 AC

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional 0.42-acre commercial property, located at 429 S Babcock Street in Melbourne, Florida, presents a unique investment opportunity. Zoned C-2 Commercial, this site boasts 150 feet of frontage on Babcock Street, a high-traffic area with an average annual daily traffic count of 21,000 vehicles. Complete plans, approvals, and a full build-out for the addition of new gas tanks and four gas pumps (eight nozzles) are already in place, significantly reducing development time and costs. The property's central Midtown Melbourne location, nestled between the Eau Gallie and Melbourne Causeways, provides excellent visibility and accessibility. Built in 1965, this single-unit property is priced at $2,250,000. Melbourne and the surrounding Space Coast are experiencing rapid growth, fueled by a influx of new residents and businesses drawn to the area's favorable tax climate and economic opportunities. This presents a compelling investment opportunity for those seeking to capitalize on the region's burgeoning commercial sector. The property's strategic location and existing development plans make it an ideal investment for a gas station or similar commercial venture.

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.1014

Longitude

-80.6214

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