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.
Property Features
Property Type: Commercial -
Lot Size: 0.43 Acres
Year Built: 1965
Square Feet: 5,550
Feature Descriptions
Days on Site: 45
Exterior: Block, Concrete
Flooring: Concrete, Tile
Lot: Corner Lot
Parking Notes: Parking Lot
Sewer: Public Sewer
Water: Public
Listed By / Shown By
Listed By
Agency Name: The Ullian Realty Corporation
Agency Phone: 321-729-9900
Shown By
Agent Name: Sheila Clark
Agent Phone: Cell (904) 823-5523 Cell
Agency Title: Watson Realty Corp., REALTORS ®
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439 S Babcock Street | MLS# 1067447
This commercial property located at 439 S Babcock Street , Melbourne, FL 32901 is currently listed for sale with an asking price of $375,000. Search Melbourne real estate on sheilaclark.watsonrealtycorp.com today.