Price: $375,000
439 S Babcock StreetMelbourne, FL 32901
Click Image to View More
0
Square Foot
5,550
Total Sq. Ft.
N/A
Bedrooms
3.00
Full Baths
N/A
½ Baths
No
Waterfront
1965
Year Built
Property Description:
Excellent opportunity to purchase the ground lease for a 5, 550 Sf multi-unit building. 99-year ground lease commenced 7/1/1965 and expires 6/30/2064. Current ground lease rent is $18, 540.36 for 2026. Next increase is 1/1/2030 (CPI). Unit 437 is +/- 1, 000 SF. Formerly occupied by a hair salon. Interior has tile flooring and drop ceiling throughout. Unit 439 is +/- 4, 550 SF. Interior is est. 50% showroom + 50% storage. Clear height is 12' 8'' +/-. There is one 10' x 10' +/- grade level door. Utilities include City water/sewer (common), and FPL electric (separately metered). Total of 8 asphalt parking spaces. Property is strategically positioned directly on Babcock Street which is an immediate connector between US1 and Nasa Boulevard. Surrounding employers include Leonardo DRS, the Melbourne International Airport, and the Melbourne Courthouse to name a few.
Exterior Features
N/A
Interior Features:
N/A
Equipment / Appliances:
N/A
Utilities:
N/A
Property Details
Street Name:
County:
Brevard
Listing Status:
Active
Tax Year:
2025
Waterfront:
No
Zip Code:
Subdivision:
Indian River Bluff Amended Plat No 2
Tax Amount:
$6,637
HOA Dues:
$0.00
439 S Babcock Street Melbourne, FL 32901
This listing is courtesy of The Ullian Realty Corporation.
Real Estate and Luxury homes in Melbourne Beach, Merritt Island, Cocoa Beach, Lansing Island, Tortoise Island, Vero Beach, Barefoot Bay, Cape Canaveral, Cocoa, Grant Valkaria, Indialantic, Indian Harbour Beach, Malabar, Melbourne, Palm Bay, Rockledge, Satellite Beach, Titusville, West Melbourne and surrounding areas in Brevard and Central Florida.
Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.
Share: