This exceptional 22-acre redevelopment project in Titusville, Florida, presents a unique investment opportunity. Located at 3550 S Washington Ave, Brevard County, 32780, this prime site boasts a master site plan approved for a mixed-use development, including retail, multifamily, and hospitality components. Phase 1, encompassing the demolition of 155,000 square feet of the former Sears Town Mall, is complete. This phase includes three key parcels: a 3-acre site with entitlements for a 153-room Cambria hotel (appraised at $54M, construction cost $23M), a 2-acre parcel approved for a 100-unit multifamily building (appraised at $40M, construction cost $25M), and a 1.3-acre parcel for two restaurants (appraised at $2.4M). A fourth 6-acre parcel is planned for a 240-unit apartment complex (appraised at $90M, construction cost $65M), currently undergoing city review for minor plan adjustments. Phase 2 involves the redevelopment of the remaining 145,000 square feet of the mall into an approximately 110,000 square foot life center, encompassing retail, office, and medical spaces (appraised at $10M). Comprehensive reports, including NEPA, geotechnical studies, contractor bids, appraisals, and market studies, are available. Infrastructure costs for Phase 1 are estimated at $7.1M. The project offers significant potential for substantial returns. Architects and interior designers are finalizing building plans for completion prior to the third quarter of 2024. The property includes 280,000 square feet, 340 units, 153 keys, and 4 pads.
Highlights
22-acre redevelopment project in Titusville, Florida, at 3550 S Washington Ave.
Master site plan approved for mixed-use development (retail, multifamily, hospitality).
Phase 1 complete: demolition of 155,000 SF former Sears Town Mall, including three parcels with entitlements for a 153-key Cambria hotel, a 100-unit multifamily building, and two restaurants.
Phase 2 planned: redevelopment of 145,000 SF of mall into an 110,000 SF life center (retail, office, medical).
Project includes 280,000 SF, 340 units, 153 hotel keys, and 4 outparcels.
How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
Contacts
Jesse Wright
Visit Broker Website
Learn more
Useful Information
Request information
3550 Washington Ave, Titusville, Florida, 32780
Message sent successfully
Error
Email this Information
Message sent successfully
Error
Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
3550 Washington Ave
Sign Up
Already a member?
Just one more step, let’s verify your email
We have sent a verification link to
Please check your inbox to complete the process.
Just click on the link in that email to complete your Sign up.
If you don’t see it, you may need to check your spam folder.
Email verification link expired
It seems that the verification link has expired.
No worries! We can send you a new link to email
Log In
Don't have an account?
Reset your password
New to Paperhouses?
Paperhouses
Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
Check your email
We've resent password reset instructions to if it is an email on file.
Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password.
If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.