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478 N Babcock St

Melbourne, FL 32935

$1,250,000

Office For Sale  •  10,915 Sq Ft

Property Details

  • Property Type Office
  • Total Building Size 10,915 Sq Ft
  • Lot Size 0.74 ac
  • Building Class B
  • Year Built 1953
  • Cap Rate 7.03 %
  • Tenancy Multiple
  • Zoning C2, Melbourne
20 Transit Score
51 Walk Score

Description

Fully renovated in 2018. Very good condition with all new fixtures, carpet, paint, windows, LED lighting, HVAC, paint etc.
Excellent location, and a great cash flow investment property. Current mix of tenants include: Office, Engineering, Technology, and Marketing.
Projected NOI $87,833    Confidentiality Non-Disclosure Agreement (CNDA), Buyer Qualification, prior to receiving additional information.

Highlights

Flexible C-2 zoning allows for Office, Financial, Service, Medical, Retail and more.
Fully renovated in 2018.

Property Flyers

Financial Summary

Cap Rate: 7.03 %

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Conferencing Facility
  • Property Manager on Site
  • Signage
  • Car Charging Station
  • Fully Carpeted
  • Plug & Play
  • Drop Ceiling
  • Wi-Fi

Public Transportation

AirportDriveWalkDistance
Melbourne International Airport 11 min - 3.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 32
Type: SurfaceTandem
Included in Rent: Yes
Rob Solito 321-480-4652 The Ullian Realty Corporation
Rob Solito 321-480-4652 The Ullian Realty Corporation