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2328 Citadel Way
Melbourne, FL 32940

Viera Colonnade | New 3 Freestanding Pads · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
27,118 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2017
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.55
Lot Size
1.14 AC
Zoning
PUD - More Flexibility then conventional
Parking
228 Spaces (8.41 Spaces per 1,000 SF Leased)
Frontage
124 FT on Citadel Way

Amenities

  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection

About 2328 Citadel Way , Melbourne, FL 32940

The property is ideally located at the hard corner intersection of Citadel Way and Lake Andrew Drive (18,500 cars per day) in the community of Viera - one of the fastest growing regions in the state of Florida, 35 miles east of Orlando. Viera is comprised of three regions across 30,000 acres and has become a major regional hub in Brevard County. Lake Andrew Drive is a high traffic corridor and main shopping destination in the region, drawing from a very wide consumer base. Viera Colonnade will benefit from the excellent crossover shopping and tenant synergy of adjacent centers totaling over 1MM SF of prime retail and entertainment. The site is across from The Avenue Viera, a 525,000 SF open power center featuring World Market, Bed Bath & Beyond, Michaels, and more. Additionally, the site is in close proximity to Shoppes at Lake Andrew, a 336,000 SF shopping center anchored by a 24-hour Walmart Supercenter. Other nearby national/credit retailers include T.J. Maxx / HomeGoods, Target, Pier One, Total Wine & More, Hobby Lobby, and PetSmart. The 5-mile trade area is supported by an affluent population of nearly 64,000 with an average household income of $91,500.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
26-36-04-75-0000A.0-0001.00
Land Assessment
$2,584,830
Improvements Assessment
$4,562,360
Total Assessment
$7,147,190
  • Listing ID: 12565228

  • Date on Market: 5/14/2018

  • Last Updated:

  • Address: 2328 Citadel Way, Melbourne, FL 32940

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