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Ground Lease For Sale 437 S Babcock St 5,550 SF Vacant Retail Building Melbourne, FL 32901 $375,000 ($67.57/SF)
INVESTMENT HIGHLIGHTS
- 99 Year Ground Lease. Commenced 7/1/1965. Expires 6/30/2064
- Unit 437: 1,000 SF. Former Hair Salon. Open Configuration
- Utilities: City Water/Sewer (Common), FPL Electric (Separately Metered)
- Ground Lease Rent is $18,540.36 for 2026. Next Increase 1/1/2030
- Unit 439: 4,550 SF. Est. 50% Showroom + 50% Storage. One 10' x 10' +/- Grade Level Door
- Traffic Count est. 25,000 VPD on Babcock Street
EXECUTIVE SUMMARY
• 99-Year Ground Lease. Commenced 7/1/1965. Expires 6/30/2064.
• Ground Lease Rent is $18,540.36 for 2026. Next Increase 1/1/2030.
• Unit 437: 1,000 SF. Former Hair Salon. Open Configuration, 2 Restrooms. Tile Flooring & Drop Ceiling Throughout. 2 Restrooms.
• Unit 439: 4,550 SF. Approximately 50% Retail Showroom + 50% Storage. Clear Height 12’ 8” +/- to Bar Joist. One 10’ x 10’ +/- Grade Level Door.
• Utilities: City Water/Sewer (Common), FPL Electric (Separately Metered).
• 8 Paved/Striped Common Asphalt Parking Spaces.
• Traffic Count est. 25,000 VPD on Babcock Street, per FDOT.
• 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. Call today for details!
• Ground Lease Rent is $18,540.36 for 2026. Next Increase 1/1/2030.
• Unit 437: 1,000 SF. Former Hair Salon. Open Configuration, 2 Restrooms. Tile Flooring & Drop Ceiling Throughout. 2 Restrooms.
• Unit 439: 4,550 SF. Approximately 50% Retail Showroom + 50% Storage. Clear Height 12’ 8” +/- to Bar Joist. One 10’ x 10’ +/- Grade Level Door.
• Utilities: City Water/Sewer (Common), FPL Electric (Separately Metered).
• 8 Paved/Striped Common Asphalt Parking Spaces.
• Traffic Count est. 25,000 VPD on Babcock Street, per FDOT.
• 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. Call today for details!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leasehold)
Property Type
Building Size
5,550 SF
Year Built
1965
Price
$375,000
Price Per SF
$67.57
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.43 AC
Zoning
C-1 - City of Melbourne Neighborhood Commercial (C-1)
Parking
8 Spaces (1.44 Spaces per 1,000 SF Leased)
Frontage
140’ on Lagoon Avenue
AMENITIES
- 24 Hour Access
- Corner Lot
NEARBY MAJOR RETAILERS
Starbucks
1 of 11
VIDEOS
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Ground Lease For Sale | 437 S Babcock St
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