4250 S Babcock St
Melbourne, FL 32901

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.