437 S Babcock St - Retail FOR SALE


Melbourne, FL 32901
$375,000 USD
321-750-3439
437 S Babcock St, Melbourne, FL for Sale
$375,000 USD
Retail - FOR SALE
1/10
null | Request Cap Rate

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437 S Babcock St
Melbourne, FL 32901


HIGHLIGHTS

  • 99 Year Ground Lease. Commenced 7/1/1965. Expires 6/30/2064
  • Ground Lease Rent is $18,540.36 for 2026. Next Increase 1/1/2030
  • Unit 437: 1,000 SF. Former Hair Salon. Open Configuration
  • Unit 439: 4,550 SF. Est. 50% Showroom + 50% Storage. One 10' x 10' +/- Grade Level Door
  • Utilities: City Water/Sewer (Common), FPL Electric (Separately Metered)
  • Traffic Count est. 25,000 VPD on Babcock Street

OVERVIEW

• 99-Year Ground Lease. Commenced 7/1/1965. Expires 6/30/2064. • Ground Lease Rent is $18,540.36 for 2026. Next Increase 1/1/2030. • Unit 437: 1,000 SF. Former Hair Salon. Open Configuration, 2 Restrooms. Tile Flooring & Drop Ceiling Throughout. 2 Restrooms. • Unit 439: 4,550 SF. Approximately 50% Retail Showroom + 50% Storage. Clear Height 12’ 8” +/- to Bar Joist. One 10’ x 10’ +/- Grade Level Door. • Utilities: City Water/Sewer (Common), FPL Electric (Separately Metered). • 8 Paved/Striped Common Asphalt Parking Spaces. • Traffic Count est. 25,000 VPD on Babcock Street, per FDOT. • 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. Call today for details!

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$68 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Ground Lease For Sale

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

C-1

APN/PARCEL ID

27-37-27-51-00000.0-0121.00

ASK ABOUT THIS PROPERTY

Zachary UllianThe Ullian Realty CorporationMore Info
321-750-3439

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Zachary UllianThe Ullian Realty CorporationMore Info
321-750-3439

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.