Commercial For sale Multifamily Other

Melbourne City Centre - Senior Living - Florida 32901

3999 S Babcock St #5, Melbourne, Florida 32901

Price not disclosed

Listed Sep 16, 2025

374,616 sqft

Building

9 acres

Lot

Units

Class A

Class

About this property

Melbourne City Centre - Senior Living - Florida 32901 is a multifamily for sale in Melbourne, Florida. Key details: building size 374,616 sqft, lot size 9 acres, total units 50, building class Class A. Listed by Manuel Chamizo III of ONE Sotheby's on LoopingCloud and last updated May 13, 2026.

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.

Key highlights

Zoning Mixed-Use Development
APN 28-37-15-00-00001
Ownership Fee Simple

Lending Opportunities

Connect with a mortgage professional to explore financing options and see what you may qualify for.

Company	Lender type	Contact	Phone
TheLoanProsTeam	Mortgage Broker	Roxanne Chung	(754) 707-5877
Money Solutions, LLC	Mortgage Broker	Jennifer A. Judice	(813) 431-5000

Business Opportunities

LoopingCloud connects you with property buyers, sellers, and agents. Feature your business on residential and commercial listings.

Company	Business type	Contact	Phone
BAY TITLE COMPANY	Title Services	ALANA Supraski	(305) 692-8886

Property details

Key facts

Building Size: 374,616 sqft
Lot Size: 9 acres
Total Units: 50
Building Class: Class A
Property Status: Normal Sale
Building Status: Existing

Pricing details

Financing: Third Party Financing
Investment Property: Active investment property

Investment snapshot

Acquisition options

Option	Asking price	Cap rate	Commission	Monthly income	Ownership
Purchase Only	-	-	-	-	-

Features and amenities

Property Features

Zoning: Mixed-Use Development
APN: 28-37-15-00-00001
Ownership: Fee Simple

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.

Location

Address as shown by the lister.

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About this area - Melbourne

Population: 22,542
Housing units: 11,100
Land area: 9.8 sq mi
County: Brevard

Neighborhood

Places shown on the map come from Google Maps and are near the property. Check details with each place before you rely on them.

Documents, links and contacts

Property documents

1 file to download

Offering Memorandum.pdfPDF · 20.8 MB

Links

6 links

Frequently asked questions

Where is Melbourne City Centre - Senior Living - Florida 32901 located?

The property is in 3999 S Babcock St #5, Melbourne, Florida 32901, Brevard County.

What type of property is this?

This is a multifamily for sale in the commercial category.

How big is the property?

The building is 374,616 sqft. The lot is 9 acres.

Is financing available?

The lister indicates: Third Party Financing.

Who do I contact about this listing?

Manuel Chamizo III of ONE Sotheby's listed this property. Use the Request Info button to send a message or call (305) 666-0562.

When was this listing published?

It was published on September 16, 2025 and last updated on May 13, 2026.

Listing information

Listing ID: CL-Florida-26325
Published: Sep 16, 2025
Last updated: May 13, 2026
Views: 102

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