4038 South Babcock Street

The subject property, located at 4250 South Babcock Street in Melbourne, Florida, boasts a prime position just one mile north of Palm Bay Road NE. Access to the property is conveniently provided along South Babcock Street, ensuring easy ingress and egress for residents and visitors alike. This expansive site encompasses approximately 12.63 acres and features an impressive 663 feet of direct frontage on South Babcock Street, offering excellent visibility for any development. The property is zoned R-2 and C-1, with an approved use for multifamily development, allowing for a density of up to 120 units per acre, with the possibility of constructing up to four stories or 48 feet in height. Utilities, including city water and sewer, are readily available on South Babcock Street, making it an attractive option for future development. The location is strategically situated less than three miles from the I-95 entrance, providing seamless access throughout Brevard County. Additionally, it is only one mile from Palm Bay Road, a major retail corridor that features numerous big box stores, enhancing the appeal of the property for multifamily development in this vibrant area. Overall, 4250 South Babcock Street is ideally located in Melbourne, part of the renowned Space Coast, and presents a significant opportunity for multifamily development in a growing community.