665 S Babcock St

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665 S Babcock St

Melbourne, FL 32901
Asking Price
$3.50M
Asset Type
Retail
Class
Class B

What's Special

Located at 665 S Babcock Street, this retail property sits within a busy commercial corridor in Melbourne, Florida. The site is positioned near the intersection of New Haven Avenue, providing access to major local thoroughfares and proximity to the Melbourne Orlando International Airport. The surrounding neighborhood is characterized by a mix of established residential pockets and professional service hubs. Nearby amenities include various national retailers, local dining options, and the Holmes Regional Medical Center campus. The property is suited for businesses seeking visibility in a high-traffic urban environment. Ideal use cases include boutique retail storefronts, service-oriented businesses, or specialized showrooms. The typical tenant profile includes local entrepreneurs, franchise operators, or medical-adjacent commercial services looking to leverage the area’s consistent daytime population. The layout supports flexible floor plans adaptable to diverse merchandising or customer service requirements.

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NOI
$80,000
Cap Rate
2.29%
DSCR
0.38
Underwater
Cash-on-Cash
-12.17%
Monthly Payment
$17,316.09
Annual Cash Flow
$-127,793.084

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