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    613 Ridgewood Ave Edgewater, FL 32132

    For Sale
    $625,000

    High-traffic location, versatile commercial space.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional commercial property, situated at 613 N Ridgewood Avenue in Edgewater, Florida, presents a unique investment opportunity. Boasting a prime location on busy US Highway 1, directly on the city line between New Smyrna Beach and Edgewater, this 0.14-acre lot benefits from an impressive average daily traffic count of 27,500 vehicles (based on 2022 FDOT statistics). The property's B-3 Highway Commercial zoning allows for a wide range of business uses, offering significant flexibility for potential buyers. Previously operating as a successful restaurant, the property is being sold "as-is" and includes existing inventory. This inventory encompasses a comprehensive commercial kitchen setup, featuring a gas stove/burners, griddle, fryers, three deep freezers, three coolers, a 500-pound ice machine, and ample prep tables. The existing furniture and fixtures are also included in the sale, providing a head start for new ventures. This property's high visibility, substantial traffic flow, and versatile zoning make it an ideal location for a variety of commercial enterprises. The asking price is $625,000. Don't miss this chance to acquire a well-positioned commercial property with significant potential.

    Property Features for 613 Ridgewood Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1961
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Nail Salon Building Supply Gym & Fitness Accounting Firm Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.91361
    Latitude
    29.00412

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, versatile commercial space.
    Where is this commercial real estate located?
    The property is located at 613 Ridgewood Ave Edgewater, FL.
    What is the asking price?
    The asking price for this property is $625,000.
    (386) 428-0975
    Request Owner's contact information
    613 Ridgewood Ave Edgewater, FL 32132
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    Edgewater, FL 32132
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    613 Ridgewood Ave Edgewater, FL 32132
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