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    2794 Ridgewood Ave Edgewater, FL 32141

    For Sale
    $295,000

    High-potential commercial property, Hwy 1 frontage.

    Property size:
    937 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 2.8-acre mixed-use property at 2794 S Ridgewood Avenue in Edgewater, Florida, presents a unique investment opportunity. The 937 square foot existing home on the site has only impact fee value, offering significant redevelopment potential. The property boasts prime frontage on US Highway 1/Ridgewood Avenue, ensuring high visibility and accessibility. Its strategic location provides proximity to numerous amenities, including Walgreens, Publix, Dollar General, Winn-Dixie, Dunkin' Donuts, Taco Bell, and Aldi's, guaranteeing a strong customer base for any commercial venture. The property's zoning is a blend of commercial (front) and residential (rear acreage), allowing for diverse development options. This flexibility allows for the creation of a thriving business with ample space for residential development in the rear, or the construction of apartments or smaller homes. Located in Volusia County, the property is eligible for annexation into the City of Edgewater. City water and sewer services are readily available. The seller is open to financing for qualified buyers, making this an attractive proposition for investors seeking a versatile and strategically located property with significant upside.

    Property Features for 2794 Ridgewood Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    937 SF
    Lot Size
    121,968 SF

    Building Details

    Year Built
    1956
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.88641
    Latitude
    28.95389

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    FAQs

    What type of property is this?
    Mixed-use property - High-potential commercial property, Hwy 1 frontage.
    Where is this mixed-use property located?
    The property is located at 2794 Ridgewood Ave Edgewater, FL.
    What is the asking price?
    The asking price for this property is $295,000.
    (386) 426-7234
    Request Owner's contact information
    2794 Ridgewood Ave Edgewater, FL 32141
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    Edgewater, FL 32141
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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
    2794 Ridgewood Ave Edgewater, FL 32141
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