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Terrence Crovo

terrence@terrencecrovo.com +1(321) 591-5710

$ 375,000

Est. payment | -/mo

3 Baths

5,550 SqFt

Save

$ 375,000

Est. payment | -/mo

Save

3 Baths

5,550 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 5,550 sqft

Price per Sqft $67

Subdivision Indian River Bluff Amended Plat No 2

MLS Listing ID 1067447

HOA Y/N No

Total Fin. Sqft 5550

Year Built 1965

Annual Tax Amount $6,637

Tax Year 2025

Lot Size 0.430 Acres

Acres 0.43

Property Sub-Type Retail

Source Space Coast MLS (Space Coast Association of REALTORS®)

Land Area 5550

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.

Location

State FL

County Brevard

Area 330 - Melbourne - Central

Direction 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.

Interior

Flooring Concrete, Tile

Inclusions Building & Land

Exterior

Exterior Feature ExteriorFeatures

Parking Features Parking Lot

Garage No

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 27-37-27-51-00000.0-0121.00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Space Coast Association of Realtors (Brevard MLS)

Listed by The Ullian Realty Corporation

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(321) 591-5710

terrence@terrencecrovo.com

633 17th St, Vero Beach, FL, 32960, USA

Learn More About LPT Realty

439 S Babcock ST Melbourne, FL 32901