CWTheaters West Melbourne 15 4345 W New Haven Ave

Investment Highlights

4345 W New Haven Avenue in Melbourne offers boundless investment and redevelopment potential in one of the nation's fastest-growing markets. Positioned on 15.4 acres of land with liberal C-P zoning, various redevelopment possibilities include hospitality, multifamily, and commercial uses. 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. 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. 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.

• Sale Type    Investment or Owner User
• Sale Conditions    Build to Suit Build to Suit Redevelopment Project Build to Suit
• Property Type    Retail
• Property Subtype    Movie Theatre Movie Theatre General Retail Restaurant General Retail Storefront Retail/Residential Office Industrial Live Work Unit Movie Theatre
• Building Size    70,772
• Building Class    B
• Year Built/Renovated    2002/2019
• Price    12,900,000
• Price Per SF    182
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.11
• Land Acres    15.43 AC

• Conferencing Facility
• Signage
• Air Conditioning