$899,000
$101K PRICE DROP

429 & 427 S Babcock St Melbourne, FL 32901

Estimated payment $5,010/month

Total Views 8,309
0.42 Acre
$2,140,476 Price per Acre
18,295 Sq Ft Lot

About This Lot

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!

Listing Agent

James Edmunds

One Sotheby's International License #3414010 Listed on: 03/07/2025

One Sotheby's International

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,418

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 150x125

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 27-37-27-51-00000.0-0262.00

Property Details

Property Type

Land

Est. Annual Taxes

$3,418

Lot Details

0

Listing Details

  • Property Type: Land
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Other
  • Road Surface Type: Paved
  • ResoSpecialListingConditions: Standard
  • Subdivision Name: None
  • Location Tax and Legal Parcel Number2: 27-37-27-51-00000.0-0262.00
  • Location Tax and Legal Elementary School: Harbor City
  • Location Tax and Legal Middle School2: Hoover
  • Location Tax and Legal High School: Melbourne
  • Location Tax and Legal Tax Annual Amount: 3418.39
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Lot Size Acres: 0.42
  • General Property Information Lot Size Square Feet2: 18295.0
  • General Property Information Senior Community YN: No
  • Sewer:Public Sewer: Yes
  • Water Source Public: Yes
  • General Property Information Lot Size Dimensions: 150x125
  • Utilities Sewer Connected: Yes
  • General Property Information CDD Fee YN: No
  • General Property Information Water Body Access YN3: No
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Acres: 0.42
  • Lot Features:Other21: Yes

Utilities

  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Hoover

Lot Info

  • Current Use: Commercial
  • Lot Dimensions: 150x125
  • Lot Size Sq Ft: 18295.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 27-37-27-51-00000.0-0262.00

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3418.39

MLS Schools

  • Elementary School: Harbor City
  • High School: Melbourne

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2025 05/07/25 Price Changed $899,000 -10.1% --
03/07/2025 03/07/25 For Sale $1,000,000 -- --
Source: Space Coast MLS (Space Coast Association of REALTORS®)

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

MLS Number: 1039393

Space Coast MLS (Space Coast Association of REALTORS®)
Florida Brevard County Melbourne 32901

429 & 427 S Babcock St, Melbourne, FL

For Sale

Lots

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Space Coast MLS (Space Coast Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes
James Edmunds
Listing Agent
James Edmunds
Section Image
One Sotheby's International
(321) 326-9319