Prime Midtown Melbourne Commercial Opportunity - 0.42 Acres
Centrally located in Midtown Melbourne, between the Eau Gallie and Melbourne Causeways, this 0.42-acre C-2 Commercial property offers 150 feet of frontage on Babcock St. with a high traffic count of 21,000 AADT.
Melbourne and Florida's Space Coast are experiencing unprecedented growth, attracting an influx of highly skilled, well-paid professionals. Key drivers include no state income tax, corporate tax incentives, major mergers, and a thriving start-up scene.
With three major residential projects planned for Downtown Melbourne, the area's future looks exceptionally bright. From start-ups and mid-sized enterprises to industry giants, the Space Coast is home to a dynamic and innovative business ecosystem across multiple sectors.
Shown by appointment only. Don't miss this prime investment opportunity!
Lot/land
Price cut: $41K (6/26)
$799,000
429 & 427 S Babcock St, Melbourne, FL 32901
--beds
--baths
0.42Acres
Unimproved Land
Built in ----
0.42 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
High traffic count
- 523 days |
- 52 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
James Edmunds 321-349-5068,
One Sotheby's International
Source: Space Coast AOR,MLS#: 1039393
Facts & features
Interior
Features
- Has fireplace: No
Video & virtual tour
Property
Lot
- Size: 0.42 Acres
- Dimensions: 150 x 125
- Features: Other
Details
- Parcel number: 2737275100000.00262.00
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Connected
Community & HOA
Community
- Subdivision: None
Location
- Region: Melbourne
Financial & listing details
- Annual tax amount: $3,418
- Date on market: 3/7/2025
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
$1,634/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Price change | $799,000-4.9% |
Source: Space Coast AOR #1039393 Report a problem | ||
| 6/20/2026 | Price change | $840,000-6.6% |
Source: Space Coast AOR #1039393 Report a problem | ||
| 5/7/2025 | Price change | $899,000-10.1% |
Source: Space Coast AOR #1039393 Report a problem | ||
| 3/7/2025 | Listed for sale | $1,000,000 |
Source: Space Coast AOR #1039393 Report a problem | ||
| 3/6/2025 | Listing removed | $1,000,000 |
Source: Space Coast AOR #972986 Report a problem | ||
| 12/15/2023 | Listed for sale | $1,000,000 |
Source: Space Coast AOR #972986 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 32901
Nearby schools
GreatSchools rating
- 4/10Harbor City Elementary SchoolGrades: PK-6Distance: 1.8 mi
- 7/10Herbert C. Hoover Middle SchoolGrades: 7-8Distance: 2.9 mi
- 6/10Melbourne Senior High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Harbor City
- Middle: Hoover
- High: Melbourne
Source: Space Coast AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.




