Ground Lease For Sale
437 & 439 S. Babcock Street
Melbourne, FL 32901
Description
• 99-Year Ground Lease. Commenced 7/1/1965. Expires 6/30/2064
• Ground Lease Rent is $18,540.36 for 2026. Next Increase 1/1/2030
• Unit 437: 1,000 SF. Former Hair Salon. Open Configuration
• Tile Flooring & Drop Ceiling Throughout. 2 Restrooms
• Unit 439: 4,550 SF. Est. 50% Retail Showroom + 50% Storage. 1 Restroom
• Clear Height 12’ 8” +/- to Bar Joist. One 10’ x 10’ +/- Grade Level Door
• Utilities: City Water/Sewer (Common), FPL Electric (Separately Metered)
• 8 Paved/Striped Common Asphalt Parking Spaces
• Traffic Count est. 25,000 VPD on Babcock Street, per FDOT
Strategically positioned directly on Babcock Street which is an immediate connector between US1 and Nasa Boulevard. Surrounding employers include Leonardo DRS, the Melbourne International Airport and the Melbourne Courthouse to name a few. Call today for details!
