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    708 Park Ave Edgewater, FL 32132

    For Sale
    $639,000

    Prime location, high-growth area, strong rental income.

    Property size:
    4,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity presents a 4,000 square foot industrial building situated on a 0.64-acre lot at 708 W Park Avenue in Edgewater, Florida. The property boasts a highly desirable location on a main avenue between Edgewater and New Smyrna Beach, offering excellent visibility and accessibility. The metal building is currently divided into five rentable spaces: three 800 square foot units, one 1,000 square foot unit, and one 600 square foot unit. Each space features its own overhead door for convenient access. The property also includes eight fenced areas, each currently renting for $100 per month. Six of these areas are currently occupied, with one utilized by the property's landscaper. This translates to a strong current rental income stream. The property's industrial zoning allows for potential expansion, maximizing future value and revenue generation. With a 7.45% capitalization rate, this property represents a compelling investment opportunity with significant upside potential in a high-growth area. Don't miss this chance to acquire a well-positioned, income-producing asset. The asking price is $639,000.

    Property Features for 708 Park Ave

    General Information

    Property type
    Industrial properties
    Square Feet
    4,000 SF
    Lot Size
    27,878 SF

    Building Details

    Year Built
    1979
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    On-Site Mobile Oil ... Oil Change Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.91779
    Latitude
    28.98754

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    FAQs

    What type of property is this?
    Industrial property - Prime location, high-growth area, strong rental income.
    Where is this industrial property located?
    The property is located at 708 Park Ave Edgewater, FL.
    What is the asking price?
    The asking price for this property is $639,000.
    (386) 427-0002
    Request Owner's contact information
    708 Park 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
    708 Park Ave Edgewater, FL 32132
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