5270 Babcock St NE | Palm Bay, FL 32905
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- LoopNet Team
5270 Babcock St NE
Palm Bay, FL 32905
Marketplace at Palm Bay · Retail Property For Sale
Investment Highlights
- Winn-Dixie and Bealls Outlet anchored neighborhood center strategically positioned within the Melbourne metro region.
- Winn-Dixie has a liquor store integrated into their box and has renewed three times, showing long-term commitment with just under six years remaining.
- Significant upside potential in the ability to lease-up the remaining vacant space drafting off the recent leasing momentum at the center.
- Complementary tenancy, including Brevard Health Alliance, Workout Anytime, CSL Plasma, and Healthworx making the center a health and wellness hub.
- Unparalleled tenant retention and longevity as 8 of the 12 current tenants have been at the center for more than 10 years.
- Strategic positioning within Melbourne metro region with invaluable frontage along one of Palm Bay’s most heavily trafficked roads, Babcock Street.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
149,752 SF
Building Class
C
Year Built/Renovated
1986/2003
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.21
Lot Size
16.35 AC
Zoning
CC
Parking
524 Spaces (3.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 28-37-28-75-00000.0-000A.01 | Improvements Assessment | $5,296,310 |
| Land Assessment | $1,648,990 | Total Assessment | $6,945,300 |
PROPERTY TAXES
Parcel Number
28-37-28-75-00000.0-000A.01
Land Assessment
$1,648,990
Improvements Assessment
$5,296,310
Total Assessment
$6,945,300
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