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    1092 Ridgewood Ave Edgewater, FL 32132

    Sponsored
    For Sale
    $1,350,000

    1.53 Acres, High-Traffic Location, $145K+ Annual Income

    Property size:
    7,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 1.53-acre mixed-use property in Edgewater, Florida, boasts 264 feet of frontage on US1 and generates over $145,000 in annual income from existing tenants. Currently operating as a mechanic shop and automotive sales business with mobile homes, this assemblage of two parcels presents significant redevelopment potential. The high-traffic location at the entrance to the YMCA ensures a steady stream of potential customers. Its versatility allows for expansion of existing uses or complete redevelopment, ideally suited for two drive-through restaurants, major retail, or medical facilities. Ample parking is available, and the addition of a retention pond in the rear would facilitate expansion while meeting regulatory requirements. The property's proximity to popular restaurants like Taco Bell, Little Caesars, and Chick-fil-A, along with its adjacency to a municipal park, further enhances its appeal. Located just one hour from Orlando International Airport and two miles from New Smyrna Beach, this property offers unparalleled business opportunities within a thriving community. Furthermore, its location within a Community Redevelopment Area (CRA) provides access to potential incentives and support for redevelopment projects. This is a truly remarkable investment opportunity in a prime commercial location.

    Property Features for 1092 Ridgewood Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    7,600 SF
    Lot Size
    66,647 SF

    Building Details

    Year Built
    1961
    Property Profile Location Intelligence

    Current Use by Public Records

    tropical auto air Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.902
    Latitude
    28.98171

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    FAQs

    What type of property is this?
    Mixed-use property - 1.53 Acres, High-Traffic Location, $145K+ Annual Income
    Where is this mixed-use property located?
    The property is located at 1092 Ridgewood Ave Edgewater, FL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    (386) 427-0002
    Request Owner's contact information
    1092 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
    1092 Ridgewood Ave Edgewater, FL 32132
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