429 & 427 S Babcock Street | MLS #1039393

Price Reduced

Listing provided courtesy of One Sotheby's InternationalMLS# 1039393

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!

Source: Brevard Space Coast MLS, MLS#: 1039393

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Property Type

Land
Lot

0.42 acres

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Melbourne FL Real Estate Market Insights | Homes, Prices & Trends

Melbourne is positioned on Florida’s Space Coast, offering direct access to the Atlantic Ocean and the Indian River Lagoon. View a snapshot of Melbourne’s housing activity, including current listings, recent sales, average sale prices, and demographic trends.

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Median Age

42
Population Density

1,761
College Educated

41%
Estimated Median Income

$42,822
Estimated Total Home Owners

4,860
Estimated Total Renters

5,798
Owner / Renter Divide

46% / 54%
Estimated Average Household Size

2
Total Population

26,014
Community data courtesy of LiveBy, Inc.

Owning this Home

Estimated Monthly Cost

Price

Down Payment

$ %

Loan Length (years)

Interest Rate

* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 429 & 427 S Babcock Street

Schools

School data courtesy of LiveBy, Inc.

Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date	Event	Value
6/26/2026Source: Brevard Space Coast MLS	Price Reduction	$799,000 -4.9%
6/19/2026Source: Brevard Space Coast MLS	Price Reduction	$840,000 -6.6%
5/7/2025Source: Brevard Space Coast MLS	Price Reduction	$899,000 -10.1%
3/7/2025Source: Brevard Space Coast MLS	Added to Database	March 07, 2025