Edgewater Commercial Investment
1015 S Ridgewood Avenue, Edgewater, FL 32132
COMMERCIAL - Edgewater, FL
Property size:
1,957 SFLot size:
0.54 AcresPrice / SF:
$268/SF- Added:
- Apr 14, 2026
- Days on Market:
- 34
- Last Refresh:
- May 17 at 6:06 pm
Property Features for 1015 S Ridgewood Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 7433-06-01-0010
- Size
- 1,957 SF
- Lot size
- 0.54 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 1 2 & 3 EXC W 34 FT IN RD & LOT 5 BLK A TURGOT TERRACE MENDALL HOMESTEAD PER OR 4413 PG 2682 PER OR 5625 PG 3080
- Tax Annual Amount
- 6557
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Block, Brick
- Roof type
- Concrete
Listing agent Tracey Barlow License #3438904 (386) 566-3715
Listing office The Barnett Group Inc. 3301 S Ridgewood Ave., Edgewater, FL (386) 426-7234
Listing date Apr 14, 2026
MLS# 1225251
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Income‑producing investment with a solid, transferable lease in place with a nationally recognized tenant.
- High‑traffic location on a high‑visibility corner lot with an AADT of 27,000 and excellent accessibility.
- Low‑maintenance brick commercial building with a newly resurfaced parking lot and underground utilities.
- Located in both a CRA District and an Opportunity Zone.
- Includes building and both parcels with approximately 200' of Ridgewood Ave. frontage.
- Quality block and brick construction with concrete flooring and roof.
Overview
This is an opportunity to acquire an income-producing commercial property with a solid lease already in place with a recognized national chain take-out restaurant. The property delivers strong fundamentals, including a high-traffic location and quality construction. It is located on a high-visibility corner lot on US-1 / Ridgewood Ave, one of the busiest corridors in the area, with an Annual Average Daily Trip (AADT) of 27,000 and excellent accessibility with a bi-directional median cut. The low-maintenance brick commercial building is situated on a corner lot with landscaping, underground utilities, and a newly resurfaced parking lot. The sale includes the building and both parcels with approximately 200' of Ridgewood Ave frontage. The property is located in the CRA District as well as the Opportunity Zone. The active lease is fully transferable, providing income cash flow with a nationally recognized tenant. The building size is 1957 square feet and the lot size is 0.54 acres.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$330.2K
NOI $29,718 @ 9.00% cap · cautious / downside scenario
Moderate
$424.5K
NOI $29,718 @ 7.00% cap · market / base-case scenario
Aggressive
$594.4K
NOI $29,718 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.0k | $21.96 |
| − Vacancy | −$3.4k | −$1.71 |
| EGI | $39.6k | $20.25 |
| − OpEx | −$9.9k | −$5.06 |
| NOI | $29.7k | $15.19 |
1,957 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$424.5K
$371.5K – $495.3K
NOI $29,718 @ 7.0% cap · market cap 5.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$577.0K
$504.9K – $673.2K
NOI $40,392 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Little Caesars Pizza
Restaurant
Tyson Lois
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Edgewater
- County
- Volusia
- State
- Florida
- Longitude
- -80.901427
- Latitude
- 28.98216
Nearby Similar for Sale
FAQs
What type of property is this?
Drive through restaurant - Income-producing property with a national tenant in a high-traffic location.
Where is this drive through restaurant located?
The property is located at 1015 S Ridgewood Avenue Edgewater, FL.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Income‑producing investment with a solid, transferable lease in place with a nationally recognized tenant.; High‑traffic location on a high‑visibility corner lot with an AADT of 27,000 and excellent accessibility.; Low‑maintenance brick commercial building with a newly resurfaced parking lot and underground utilities.
