3999 Babcock StMelbourne, FL 32901

Property Details for 3999 Babcock St

Lot size

11.38 AC

Property size (Sq ft)

495,712 SF

Property type

Specialty properties

Property subtype

Other specialty properties

Description

This exceptional 11.38-acre property in Melbourne, Florida, presents a unique investment opportunity. Currently vacant, the 495,712 square foot site is zoned for mixed-use development and offers significant potential for a variety of uses. Its prime location in the heart of Melbourne City Centre, east of N Federal Hwy, provides excellent visibility and accessibility. The property benefits from high traffic counts on Babcock Street (36,000 vehicles daily) and its proximity to major transportation arteries, including Interstate 95 and Orlando-Melbourne International Airport. This site is designated as a Qualified Opportunity Zone, providing substantial tax advantages for investors under the Tax Cuts and Jobs Act of 2017. The envisioned development includes single-family homes, apartments, retail space, a medical and professional campus, senior living facilities, an educational component, and entertainment venues. This strategic location near Cape Canaveral and the Kennedy Space Center further enhances its appeal. The property's Fee Simple ownership provides complete control and flexibility for future development. The APN is 28-37-15-00-00001. This is a rare chance to acquire a large, strategically located parcel with significant upside potential in a thriving Florida community.

Location Insight

City

Melbourne

County

Brevard

State

Florida

Latitude

28.0517

Longitude

-80.6213

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