Published on: Tuesday, September 16, 2025
Updated on: Thursday, September 18, 2025
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About the Lister
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Name: Manuel Chamizo III
Company: ONE Sotheby's
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Cell Phone: (786) 486-6655
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  Melbourne City Centre - Retail
3999 S Babcock St #1, Melbourne Florida , 32901
3999 S Babcock St #1, Melbourne Florida , 32901  ONE Sotheby's
Listing ID: CL-Florida-26350 Mixed Use/Retail

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Quick Glance
Listing ID: CL-Florida-26350
Status: Price not Disclosed
Financing: Third Party Financing
Occupancy: N/A
Year Build: N/A
Building Size: 684,327.00 SqFt
Lot Size: 15.71 SqFt.
No of Stories: N/A
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | MCC-RetailOMCompressed.pdf ( 21,306.89KB)
Listing Summary
Melbourne City Center: A Strategic Mixed-Use Development in a Federal Opportunity Zone
Complete Details
Year Build: N/A
Building Size: 684,327
No of Stories: N/A
Total Lot Area: 15.71 SqFt.
No of Parking: N/A
No of Total Units: N/A
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: A
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

 

 

Overview

Melbourne City Center is a proposed mixed-use and innovation hub designed to be a sustainable and vibrant destination. Located in the heart of Florida's Space Coast, this project is strategically situated on a high-visibility site at Babcock Street and Pirate Lane, just east of Interstate 95 and south of the Orlando-Melbourne International Airport. The property benefits from a substantial daily traffic count of 36,000, ensuring excellent exposure.

The planned development aims to attract a diverse community of residents, professionals, students, and consumers with a thoughtful blend of components, including:

  • Residential: Single-family homes and apartments

  • Commercial: A retail center, restaurants, and entertainment

  • Professional & Medical: A dedicated campus

  • Education: A university site and a charter school

  • Senior Living: A purpose-built facility

This project presents a unique investment opportunity because it's located in a newly designated Federal Opportunity Zone, offering significant tax incentives for investors who use an Opportunity Fund.

 

Additional Properties
Property Highlights
  • Prime Location: Situated on a high-traffic, visible site in a desirable area of Melbourne, FL.
  • Federal Opportunity Zone: The property is in a newly designated Opportunity Zone, offering powerful tax benefits for investors.
  • Capital Gains Deferral: Investors can defer federal taxes on recent capital gains until December 31, 2026.
  • Tax Reduction: The program allows for a reduction of up to 15% on the deferred tax liability.
  • Potential for Zero Tax on Profits: Investors can pay as little as zero taxes on profits from the investment if held for 10 years.
  • Comprehensive Mixed-Use Plan: The development includes a diverse mix of residential, commercial, medical, educational, and senior living components.
  • High Traffic Volume: The site benefits from a significant daily traffic count of 36,000 on Babcock Street.
  • Strategic Accessibility: Easy access from Interstate 95 and close proximity to the Orlando-Melbourne International Airport.
  • Vibrant Community: The project is designed to attract a broad demographic, including residents, students, professionals, and consumers.
  • Proximity to Key Attractions: Located near major landmarks like Cape Canaveral and the Kennedy Space Center.
Features
  • Lease Type: NNN
  • Tenancy: Multi
  • Remaining Term: 20 years
  • Zoning: Mixed-Use Development
  • APN: 28-37-15-00-00001
  • Ownership: Fee Simple

Lending Opportunities

Interested in making an offer on this property or adding it to your portfolio? Our network of experienced lenders is ready to provide you with competitive loan options tailored to your needs. Whether you're an investor or a first-time buyer, securing financing is the key to turning this opportunity into reality. Don’t wait, reach out now to get pre-approved, explore your loan options, and take the next step with confidence!
Company Name Lender Type Contact Name Contact Number Actions
Elite Lending Mortgage Broker Leo Hernandez (786) 644-2669 Request Quote
Universe Financial Corp Mortgage Broker Melody Bejerano (305) 505-3053 Request Quote
Easy Home Loans, LLC Mortgage Broker Ana M Gonzalez (786) 525-7126 Request Quote
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Business Opportunities

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Company Name Business Type Contact Name Contact Number Actions
EW Title, LLC Title Services Erin (954) 849-7745 Request Quote
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Listing Location
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