Published on: Tuesday, September 16, 2025
Updated on: Wednesday, September 17, 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 - Mixed Use
3999 S Babcock St # 4 Melbourne Florida , 32901
3999 S Babcock St # 4 Melbourne Florida , 32901  ONE Sotheby's
Listing ID: CL-Florida-26335 Shopping Mall/Retail

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Quick Glance
Listing ID: CL-Florida-26335
Status: Price not Disclosed
Financing: Third Party Financing
Occupancy: N/A
Year Build: N/A
Building Size: 1,916,640.00 SqFt
Lot Size: 44.00 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-MixedUseOMCompressed.pdf ( 21,676.43KB)
Listing Summary
Melbourne City Center: A Strategic Mixed-Use Development with Federal Opportunity Zone Tax Benefits
Complete Details
Year Build: N/A
Building Size: 1,916,640
No of Stories: N/A
Total Lot Area: 44 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, sustainable mixed-use development and innovation hub located in the heart of Florida's Space Coast. The project is strategically positioned on a highly visible, high-traffic site at the intersection of Babcock Street and Pirate Lane. Its prime location offers excellent accessibility, situated east of Interstate 95 and south of the Orlando-Melbourne International Airport.

This development is designed to attract a diverse community of residents, professionals, students, and consumers with a blend of residential, commercial, and institutional uses. It will include single-family homes, apartments, a retail center, a medical campus, senior living, a university site, a charter school, and various restaurants and entertainment venues.

This is a unique investment opportunity because the property is in a newly qualified Federal Opportunity Zone, offering significant tax incentives for investors. This program allows for substantial tax reductions and the potential for tax-free profits if the investment is held for at least 10 years.

Additional Properties
Property Highlights
  • Prime Location: Located in a desirable area of Melbourne, FL, in the heart of the Space Coast.
  • Federal Opportunity Zone: The property is a newly certified Opportunity Zone, providing powerful tax advantages.
  • Capital Gains Deferral: Investors can defer federal taxes on recent capital gains until December 31, 2026.
  • Tax Reduction: The program offers up to a 15% reduction on the deferred tax payment.
  • Potential for Tax-Free Profits: The investment may be exempt from taxes on potential profits if held for 10 years.
  • Comprehensive Mixed-Use Plan: A diverse project including residential, commercial, medical, educational, and senior living components.
  • High Traffic Volume: The site on Babcock Street benefits from a significant daily traffic count of 36,000.
  • Strategic Accessibility: Easy access from I-95 and a short distance from the Orlando-Melbourne International Airport.
  • Broad Appeal: Designed to attract a wide demographic, from residents and students to professionals and consumers.
  • Proximity to Attractions: Located near major landmarks like Cape Canaveral and the Kennedy Space Center.
Features
  • 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
Universe Financial Corp Mortgage Broker Melody Bejerano (305) 505-3053 Request Quote
Elite Lending Mortgage Broker Leo Hernandez (786) 644-2669 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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Status: Accepting Offers
Created On: 9/18/2025
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Address: 2550 Douglas Rd , Coral Gables Florida 33134
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Status: Accepting Offers
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Modified On: 9/18/2025
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Address: 4310 NW 35th Ave , Miami Florida 33142
Listing ID: CL-Florida-26371
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Category: Land - Industrial
Status: Accepting Offers
Created On: 9/18/2025
Modified On: 9/18/2025
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Title: Prime Office Leasing Opportunity in Miramar Town Center
Address: 11606 City Hall Promenade , Miramar Florida 33025
Listing ID: CL-Florida-26370
Listing Type: Commercial +Lease
Category: Office - Office Condo
Status: Accepting Offers
Created On: 9/18/2025
Modified On: 9/18/2025
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