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Published on: Tuesday, September 16, 2025
Updated on: Wednesday, September 17, 2025
About the Lister
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Name: Manuel Chamizo III
Company: ONE Sotheby's
Office Phone:  
Cell Phone: (786) 486-6655
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  Melbourne City Centre - Senior Living

3999 S Babcock St #5 Melbourne Florida , 32901
3999 S Babcock St #5 Melbourne Florida , 32901  ONE Sotheby's
Listing ID: CL-Florida-26325 Other/Multifamily

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Quick Glance
Listing ID: CL-Florida-26325
Status: Price not Disclosed
Financing: Third Party Financing
Occupancy: N/A
Year Build: N/A
Building Size: 374,616.00 SqFt
Lot Size: 8.60 Acre
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
Listing Summary
Melbourne City Center: A Strategic Mixed-Use Development in a Federal Opportunity Zone
Complete Details
Year Build: N/A
Building Size: 374,616
No of Stories: N/A
Total Lot Area: 8.6 Acre
No of Parking: N/A
No of Total Units: 50
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 planned, 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 site at Babcock Street and Pirate Lane, east of N Federal Highway in desirable Melbourne. With a daily traffic count of 36,000, the property offers excellent visibility and is conveniently situated east of Interstate 95 and south of the Orlando-Melbourne International Airport.

Development Vision

Designed to attract a diverse community of residents, professionals, students, and consumers, Melbourne City Center will feature a comprehensive blend of uses:

  • Residential: Single-family homes and apartments

  • Commercial: A vibrant retail center, restaurants, and entertainment venues

  • Professional: A dedicated medical and professional campus

  • Educational: A university site and charter school

  • Senior Living: A purpose-built facility

Investment Opportunity

This project presents a unique investment opportunity as it is located within a newly qualified Federal Opportunity Zone. This designation, part of the Tax Cuts and Jobs Act of 2017, provides significant tax incentives for investors who utilize an Opportunity Fund.

Additional Properties
Property Highlights
  • Prime Location: Situated on a high-traffic, visible site in a desirable area of Melbourne, FL, in the heart of the Space Coast.
  • 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 traffic count of 36,000 on Babcock Street, ensuring strong visibility.
  • 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
  • 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
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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Listing ID: CL-Florida-26395
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Category: Office - Office Condo
Status: Accepting Offers
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Address: 10440 SW 186th Terrace , Cutler Bay Florida 33157
Listing ID: CL-Florida-26394
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Created On: 9/22/2025
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Address: 2498 NW 86th St , Miami Florida 33147
Listing ID: CL-Florida-26393
Listing Type: Commercial +Lease
Category: Retail - Restaurant
Status: Accepting Offers
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