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$80,000
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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.
Full Property Details
Full Property Details for 439 S Babcock St
General
- Sold For: $80,000
- Taxes: $6,637 (2025)
- Status: Closed
- Type: Retail
- Source: BrevardCounty
- MLS ID: 1067447
- Added to Site: 245 day(s) ago
Rental Information
- Complex Features: Storage, Private Restroom, Showroom
Interior
- Flooring: Concrete, Tile
Rooms
Bathrooms
- Total Bathrooms: 3
Parking
- Parking Features: Parking Lot
Location
- Area: 330 - Melbourne - Central
- County: Brevard
- Subdivision: Indian River Bluff Amended Plat No 2
- Driving 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.
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Exterior Const.: Block, Concrete
- Stories/Levels: 1
- Square Feet: 5,550
- Living Area: 5,550 Sq. Ft.
- Year Built: 1965
Unit Information
- Units in Building: 2
Lot Features
- Lot Size (Acres): 0.43
- Lot Size (Sq. Ft.): 18,730.8
- Lot Features: Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $67.57
- Tax Amount: $6,637.25
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 27-37-27-51-00000.0-0121.00
Listed by The Ullian Realty Corporation
Sold by Non-MLS or Out of Area
Get Pre-Approved Today
Schools
Schools serving 439 S Babcock St
School District:Brevard County School District
| Name | Grades | Distance |
|---|---|---|
Harbor City Elementary School 1377 Sarno Road, Melbourne, FL 32935 | PK-6 | 1.9 mi |
Herbert C. Hoover Middle School 2000 Hawk Haven Drive, Indialantic, FL 32903 | 7-8 | 2.8 mi |
Melbourne Senior High School 74 Bulldog Boulevard, Melbourne, FL 32901 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 439 S Babcock St
Date
Details
Price
Change
Source
6/23/2026
Sold
$80,000
-78.67%
MLS
1/23/2026
Listed
$375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
439 S Babcock Street, Melbourne, FL 32901 (MLS# 1067447) is a Retail property that was sold at $80,000 on June 23, 2026. Want to learn more about 439 S Babcock Street? Do you have questions about finding other Retail real estate for sale in Melbourne? You can browse all Melbourne real estate or contact a Coldwell Banker agent to request more information.

