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$899,000

  • For Sale
  • Active
  • Vacant Land
  • 0.42 Acres
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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!

Full Property Details for 429 & 427 S Babcock St

General

  • Price: $899,000
  • Taxes: $3,418 (2022)
  • Status: Active
  • Type: Vacant Land
  • Source: BrevardCounty
  • MLS ID: 1039393
  • Updated: 10/2/2025
  • Added to Site: 317 day(s) ago

Location

  • Area: 323 - Eau Gallie
  • County: Brevard
  • Subdivision: None
  • Driving Directions: Harbor City Blvd. to S on Babcock on left before RR tracks. Or North on Babcock St. 200 feet after crossing RR tracks. Across Babcock St fromNeiman Ave.

School Information

  • Elementary School: Harbor City
  • Middle School: Hoover
  • High School: Melbourne

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Sewer Connected

Structural Information

  • Current Bldg. Use: Commercial

Lot Features

  • Lot Size (Acres): 0.42
  • Lot Size (Sq. Ft.): 18,295
  • Lot Dimensions: 150 x 125
  • Street/Road Desc.: Paved
  • Lot Features: Other

Financial Considerations

  • Tax Amount: $3,418.39
  • Tax Year: 2022
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 27-37-27-51-00000.0-0262.00

Listed by One Sotheby's International

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— 429 & 427 S Babcock St —

  • One Sotheby's International

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 429 & 427 S Babcock St

School District:Brevard County School District
NameGradesDistance
Harbor City Elementary School
1377 Sarno Road, Melbourne, FL 32935
PK-61.8 mi
Herbert C. Hoover Middle School
2000 Hawk Haven Drive, Indialantic, FL 32903
7-82.9 mi
Melbourne Senior High School
74 Bulldog Boulevard, Melbourne, FL 32901
9-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 429 & 427 S Babcock St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/07/2025
Price Reduced
$899,000
-10.1%
MLS
3/07/2025
Listed
$1,000,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 429 & 427 S Babcock St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,414
-7%
$193,110
1%
2024
$3,685
6%
$190,330
8%
2023
$3,484
2%
$176,650
—
2022
$3,418
-5%
$177,150
-1%
2021
$3,600
—
$179,090
-6%
2021
$3,600
-1%
$190,570
9%
2019
$3,649
-7%
$174,060
3%
2018
$3,913
—
$168,890
2%
2017
$3,927
-1%
$165,000
3%
2016
$3,976
3%
$160,000
7%
2015
$3,857
1%
$150,000
—
2014
$3,837
2%
$150,000
3%
2013
$3,763
—
$145,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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429 & 427 S Babcock Street, Melbourne, FL 32901 (MLS# 1039393) is a Vacant Land property with a lot size of 0.42 acres. 429 & 427 S Babcock Street is currently listed for $899,000 and was received on March 07, 2025. Want to learn more about 429 & 427 S Babcock Street? Do you have questions about finding other Vacant Land real estate for sale in Melbourne? You can browse all Melbourne real estate or contact a Coldwell Banker agent to request more information.

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