4345 W New Haven Ave - Movie Theatre FOR SALE


Melbourne, FL 32904
$10,900,000 USD
321-346-7649
4345 W New Haven Ave, Melbourne, FL for Sale
$10,900,000 USD
Movie Theatre - FOR SALE
1/27
null | Request Cap Rate

4345 W New Haven Ave
Melbourne, FL 32904


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$10,900,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

CWTheaters West Melbourne 15

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Movie Theatre

ADD'L SUBTYPES

Restaurant, Storefront Retail/Residential, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

15.43 AC

LAND SF

671,971 SF

ZONING

CP

APN/PARCEL ID

28-36-02-00-00501.0-0000.00

ASK ABOUT THIS PROPERTY

Anthony RomeroDale Sorensen Real EstateMore Info
321-346-7649

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Anthony RomeroDale Sorensen Real EstateMore Info
321-346-7649

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.