$799,000
429 & 427 S Babcock Street, Melbourne, Fl 32901
Melbourne, FL 32901
Listing updated: June 26, 2026 at 3:29 PM ET
Property type
Lot size
HOA dues
About this home
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!
Local Insight
These two contiguous parcels on South Babcock give you 0.42 acres in an emerging but still transitional downtown corridor—you're betting on the New Haven Avenue revitalization continuing southward, but you're not quite there yet in terms of foot traffic or established tenants. At $799K for raw land with no improvements, you'll need a clear vision for either residential infill or commercial development, plus the capital and patience to navigate what the actual zoning and entitlements allow, since that's not detailed here. The lack of HOA and the 360° tour are helpful, but your real due diligence needs to be on what's actually buildable and what the development timeline and costs look like in this specific block.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history
- Status: ActiveMar 7, 2025
- Listed$1,000,000Mar 7, 2025
- Price reduced$799,000
Documents
Facts & features
- Property type
- Land
- Sub type
- Unimproved Land
- Status
- Active
- Subdivision
- None
- County
- Brevard
- Lot size
- 18,295 sq ft
- Parcel #
- 27-37-27-51-00000.0-0262.00
- MLS #
- 1039393
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Listing Details
- Listing date
- 2025-03-07
- On market date
- 2025-03-07
- Original list price
- $1,000,000
- Status changed
- 2025-03-07
Location
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of June 26, 2026 at 3:29 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Brevard County listings courtesy of the Space Coast Association of REALTORS® (Space Coast MLS)
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
© 2026Space Coast Association of REALTORS®. All information should be independently reviewed and verified for accuracy.
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