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4038 S Babcock St 12.67 Acres of Commercial Land Offered at $10,889,194 CAD in Melbourne, FL 32901
Investment Highlights
- Prime location on Babcock Street with 30,000 cars per day
- Just ¾ mile from Florida Institute of Technology with 10,000 students
- Zoned for up to 300 units with potential for commercial use
- Positioned directly in front of a Class A multifamily development
- Only 2 miles to L3 Harris, a major regional employer
Executive Summary
Property Facts
1 Lot Available
Lot
| Price | $10,889,194 CAD | Lot Size | 12.67 AC |
| Price Per AC | $859,447.06 CAD |
| Price | $10,889,194 CAD |
| Price Per AC | $859,447.06 CAD |
| Lot Size | 12.67 AC |
FANTASTIC LOCATION IN THE CITY OF MELBOURNE-RIGHT ON BABCOCK STREET-30,000 CARS A DAY-IN FRONT OF CLASS A MULTIFAMILY PROPERTY. 3/4 OF A MILE TO 10,000 STUDENTS AT FIT AND 2 MILES TO L3 HARRIS.
Description
PROPERTY DESCRIPTION - The opportunity is to acquire a 12.66± acre multifamily development site located at 4038 S Babcock Street in Melbourne, Florida, within Brevard County. The property is approved under the Live Local Act for up to 300 residential units. The site offers a sizable, contiguous footprint suitable for a well scaled multifamily community in the booming high-growth Space Coast market. LOCATION DESCRIPTION - The property is located just north of Palm Bay Road NE, east of I-95, and south of W New Haven Ave (US 192), providing convenient access to one of South Brevard County's primary commercial and commuter corridors. The site benefits from proximity to new retail, residential neighborhoods, and employment center in Melbourne and Palm Bay, with strong connectivity to I-95 and the greater Space Coast market. PROPERTY SIZE AND PARCEL ID - 12.66± acres / 28 3716-00-763 ZONING - C-C1 PRICE - $7,950,000 PROJECT HIGHLIGHTS: Located within the heart of Space Coast region Strong fundamentals (new employment centers, strong growth and demand) Recent Comparable Sale 0.25 miles north from subject - Andretti Thrill Park for Multifamily Development at $7.5M in Feb ’26” Average HH Income of $77,142 within a 1, 3, and 5 mile radius Seller willing to contribute land as part of Joint Venture or open to Seller Financing Live Local Zoning which allows for significant tax breaks up to 30%
Contact
-
Austin McWilliams -
Eshenbaugh Land Company
Presented by
4038 S Babcock St
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