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Property Detail

West New Haven Avenue
4345 W New Haven Avenue in Melbourne offers boundless investment and redevelopment potential .
$10,900,000

Description

  • 4345 W New Haven Avenue in Melbourne offers boundless investment and redevelopment potential in one of the nation's fastest-growing markets.
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  • Positioned on 15.4 acres of land with liberal C-P zoning, various redevelopment possibilities include hospitality, multifamily, and commercial uses.
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  • Melbourne International Airport is just 15 minutes away, with Melbourne Beach a 25-minute drive, offering access and exposure to key destinations.
  • This multiplex cinema was initially constructed in 2002, and significant renovations were completed in 2019, bringing new life to West Melbourne.
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  • At the I-95 and US Hwy 192 exit, this dynamic property is accessible to major roadways and nearby amenities, including Sam's Club and Fairfield Inn.
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  • Brevard County has seen rapid growth over the past five years, making 4345 W New Haven Avenue a desirable locale for a reimagined future.

Executive Summary

4345 W New Haven Avenue in Melbourne offers a realm of possibilities within Broward County's bustling landscape. Constructed in 2002 and meticulously renovated in 2019, this 70,772-square-foot multiplex facility currently operated by CW Theaters epitomizes the modern cinematic experience.

With 15.4 acres of prime land, the property's C-P zoning creates a canvas of redevelopment potential catering to diverse ventures such as assisted living facilities, hotels/motels, multifamily, places of worship, indoor recreation, restaurants, retail outlets, auto dealerships, and more.

Bountiful nearby conveniences include national retailers and services like Sam's Club, Fairfield Inn & Suites by Marriott, Subaru of Melbourne Ashley Furniture, and Zaxby's. On the southeast corner of the Interstate 95 and US Highway 192 junction, accessibility is unmatched, with Melbourne-Orlando International Airport (MLB) 15 minutes away. Melbourne Beach, just 25 minutes from 4345 W New Haven Avenue, is a coveted destination for tourists and locals, attracting a large population to this region.

Over the past five years, Brevard County has witnessed a surge in population driven by domestic migration and the influx of high-wage jobs. This surge in buying power and consumer spending has translated into low vacancies and robust rent growth, making 4345 W New Haven Avenue an optimal investment opportunity. A gateway to endless opportunity, 4345 W New Haven Avenue is set to be reimagined for Broward County's growing climate.

CWTheaters West Melbourne 15

Listing ID : 00891

SKU: 891

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Price History

DateEventPrice
December 13 2024Listed$10,900,000.00