Map of Property

For Sale: 12.63-Acre Development Site in Melbourne

4250 S Babcock St, Melbourne, FL 32901

  • For Sale $9,699,000
  • Property Type Other
  • Lot Size 12.63 Acre
  • Additional Rent Contact for pricing
  • Date Updated Nov 18, 2024

Colliers is pleased to present Oasis Melbourne, an exceptional multifamily development opportunity located in the heart of Melbourne, Florida. This prime 12.63-acre site, situated just one mile north of Palm Bay Road NE on South Babcock Street, offers an unparalleled chance to capitalize on the burgeoning demand for high-quality housing in America’s new “High Tech Titan.” With approximately 663 feet of direct frontage on South Babcock Street, the property boasts excellent visibility and accessibility.

Oasis Melbourne has secured Live Local approval, allowing for the development of up to 1,525 units with a maximum height of 48 feet across four stories. The current plan includes 300 units, with 120 designated as moderateincome units. Additionally, the development qualifies for $149,358 in deferred impact fees, further enhancing its financial appeal. The flexible nature of the Live Local approval allows for administrative increases in unit count post-closing, providing significant upside potential for investors. The average median income for Brevard County is $100,000, making the subject project profitable compared to other counties.

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Contacts

broker

Virgilio Fernandez

broker

Mitash Kripalani

broker

Alain Crego

Location

Getting Around

  • Walk Score ®

    42/100 Car-Dependent

  • Bike Score ®

    41/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Melbourne, FL
  • Zip Code 32901
  • Market Orlando

Points of Interest

  • Sunoco

    0.24 miles

  • BP

    0.27 miles

  • 7-Eleven

    0.30 miles

  • Cumberland Farms

    0.71 miles

  • Speedway

    0.74 miles

  • Mobil

    1.02 miles

  • Shell

    1.27 miles

  • Circle K

    1.29 miles

  • BJ's Gas

    1.31 miles

  • Tesla Supercharger

    2.63 miles

  • Joe Mullins Park Parking

    0.47 miles

  • Columbia Village Parking Garage

    1.57 miles

  • B1 Parking

    2.97 miles

  • Driver Training Lot

    3.02 miles

  • Rental Car Lot

    3.57 miles

  • Palm Bay Lot

    3.71 miles

  • South Malabar Parking

    3.89 miles

  • Central Parking - Main Lot

    5.38 miles

  • North Parking - East of Main Building

    5.43 miles

  • West Parking - Back Lot

    5.49 miles

  • Hampton Inn & Suites

    1.56 miles

  • Quality Inn

    1.70 miles

  • Hyatt Place

    1.92 miles

  • Home2 Suites

    1.97 miles

  • SpringHill Suites

    2.01 miles

  • Crane Creek Inn

    2.36 miles

  • Super 8

    2.78 miles

  • Residence Inn Melbourne

    2.84 miles

  • Courtyard

    3.02 miles

  • Hilton Melbourne, FL

    3.07 miles

  • Marco's Pizza

    0.09 miles

  • Hardee's

    0.38 miles

  • Carrabba's Italian Grill

    0.70 miles

  • Wendy's

    0.72 miles

  • Applebee's

    0.73 miles

  • Dunkin'

    0.74 miles

  • Bombay Curry

    0.74 miles

  • Jersey Mike's Subs

    0.75 miles

  • Hazel's Caribbean-American Restaurant

    0.76 miles

  • McDonald's

    0.78 miles

  • Palm Bay High School

    0.28 miles

  • Melbourne Central Catholic High School

    0.88 miles

  • Florida Institute of Technology FW Owlins Sports Complex

    0.91 miles

  • Florida Institute of Technology Wave Tank Research Building

    1.08 miles

  • Florida Institute of Technology College of Business

    1.09 miles

  • Florida Institute of Technology Allen S Henry Building

    1.10 miles

  • Florida Institute of Technology F W Olin Physical Sciences Center

    1.15 miles

  • Florida Institute of Technology CAPS Counseling Center

    1.28 miles

  • Florida Institute of Technology Music Program Studios

    1.28 miles

  • University Park Elementary School

    1.29 miles

  • Coral Reef Academy

    0.72 miles

  • Kid City USA

    1.20 miles

  • Doorway to Learning

    2.92 miles

  • Mustard Seed Kidz

    2.95 miles

  • Elyon Child Care

    3.21 miles

  • Playsmart

    3.24 miles

  • Berri Patch Preschool

    3.40 miles

  • Palm Bay Daycare

    4.30 miles

  • Little Angels

    4.77 miles

  • Kids World Academy of Florida

    6.39 miles

Frequently Asked Questions

How much does For Sale: 12.63-Acre Development Site in Melbourne cost?

The space currently listed for sale at For Sale: 12.63-Acre Development Site in Melbourne asks for $9,699,000.

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