439 S Babcock Street, Melbourne, FL 32901
$375,000
Property Type:
Commercial Sale
Baths:
3
Square Footage:
5,550
Lot Size (sq. ft.):
18,731
Status:
Pending
Current Price:
$375,000
List Date:
1/24/2026
Last Modified:
5/25/2026
Overview
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.
Listing Details MLS# 1067447
General Property Information
- Number Of Units Total
- 2
- Stories Total
- Yes
- Bathrooms Total
- 3
- Building Area Total
- 5550
- Year Built
- 1965
- Building Name
- Ground Lease For Sale
- Lot Size Acres
- 0.43
- Land Lease YN
- Yes
- Association YN
- No
- Water Body Access YN
- No
- Waterfront YN
- No
- List Price/SqFt
- 67.57
Property Features
Building Features:
Private Restroom; Showroom; Storage
Ceiling Type:
Acoustic; Exposed
Construction Materials:
Block; Concrete
Flooring:
Concrete; Tile
Listing Terms:
Cash; Conventional
Location:
Central Business District
Lot Features:
Corner Lot
Parking Features:
Parking Lot
Sale Includes:
Building & Land
Sewer:
Public Sewer
Showing Requirements:
Appointment Only; Call Listing Agent; Listing Agent Must Accompany
Water Source:
Public
Contract Information
- Original List Price
- 375000
- Listing Contract Date
- 2026-01-23
- Property Sub Type
- Retail
Location Tax and Legal
- Street Number
- 439
- Street Direction Prefix
- S
- Street Name
- Babcock
- Street Suffix
- Street
- County
- Brevard
- State
- FL
- Postal Code
- 32901
- MLS Area Major
- 330 - Melbourne - Central
- Subdivision Name
- Indian River Bluff Amended Plat No 2
Remarks and Miscellaneous
- Public Remarks
- 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.
Status Change Information
- Major Change Timestamp
- 2026-05-25T13:36:40Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2026-05-25
- Purchase Contract Date
- 2026-05-25
More Information
Building Features
- # Overhead Doors
- Yes
- Overhead Door Height
- 10
- Private Restroom
- Yes
- Showroom
- Yes
- Storage
- Yes
Unit 1 Details
- Unit ID
- 437
- Unit SqFt
- 1000
- # Units (This Type)
- Yes
- Furnished
- Unfurnished
- Unit Remarks
- Former Hair Salon
- Annual Rent
- 0
Unit 2 Details
- Unit ID
- 439
- Unit SqFt
- 4550
- # Units (This Type)
- Yes
- Furnished
- Unfurnished
- Unit Remarks
- 50% Showroom + 50% Storage
- Annual Rent
- 0
Location, Tax, and Legal
- Tax Account
- 2728287
- Parcel Number
- 27-37-27-51-00000.0-0121.00
- General County Location
- South
- Tax Annual Amount
- 6637.25
- Tax Year
- 2025
- Tax Legal Description
- INDIAN RIVER BLUFF AMENDED PLAT NO 2 ALL OF LOT 121 & SWLY 30 FT OF LOTS 118,119,120
- Directions
- Starting on Nasa Boulevard turn north onto Babcock Street. Continue north past the train tracks. Property is located at the southeast corner of Babcock Street x Lagoon Avenue.
Construction Materials
- Block
- Yes
- Concrete
- Yes
Flooring
- Concrete
- Yes
- Tile
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Corner Lot
- Yes
Parking Features
- Parking Lot
- Yes
Sewer
- Public Sewer
- Yes
Water Source
- Public
- Yes
Showing Requirements
- Appointment Only
- Yes
- Call Listing Agent
- Yes
- Listing Agent Must Accompany
- Yes
Ceiling Type
- Acoustic
- Yes
- Exposed
- Yes
Location
- Central Business District
- Yes
Sale Includes
- Building & Land
- Yes
Listing Office:
The Ullian Realty Corporation
Last Updated: May - 25 - 2026
Information is deemed to be reliable, but is not guaranteed.