An excellent investment opportunity with growth potential on busy Babcock Street in Palm Bay, Florida. This 6,000 sq ft building is currently leased and Pinch-a-Penny has been in this same location for over 20 years. The 1.56 acre site offers ample space at the rear of the building for additional development or expansion. Based on the listed price the current lease generates an annual net operating income over $46,000, a CAP rate of nearly 8%.
Off market
Street View
Zestimate®
$982,000
4610 Babcock St NE, Palm Bay, FL 32905
--beds
0baths
6,000sqft
MultiFamily
Built in ----
-- sqft lot
$982,000 Zestimate®
$164/sqft
$1,618 Estimated rent
Owner options
What's special
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$982,000
2% more+$19,640
With Zillow Showcase(estimated)$1,001,640