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    409 Ridgewood Ave Edgewater, FL 32132

    Sponsored
    For Sale
    $398,000

    High-Visibility Mixed-Use Property in Edgewater

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional mixed-use property at 409 N Ridgewood Avenue in Edgewater, Florida, presents a unique investment opportunity. Strategically located on a corner lot within the Highway Commercial District, this property boasts high visibility due to its position and a bi-directional median cut, resulting in a significant 25,000 AADT traffic count. The building itself offers versatile space, including two rooms suitable for offices or bedrooms, a large reception/living area, a third room ideal for an office or dining room, and a full kitchen. A half-bath and a full bath add to the convenience. Additional features include a garage and a large storage shed, enhancing functionality and storage capacity. The property is beautifully landscaped, creating excellent curb appeal and includes a spacious side yard. Recent upgrades include a new roof (2018) and a new air conditioning system (2022), minimizing maintenance concerns. The property also benefits from an electric tankless water heater. Its location within both an Opportunity Zone and a Community Redevelopment Agency district offers potential tax incentives and access to community development resources, further enhancing its investment potential. The proximity to the scenic Riverside Drive and its waterfront parks adds to the property's desirability. This property is ideal for a variety of commercial uses or a unique live/work arrangement.

    Property Features for 409 Ridgewood Ave

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1946
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -80.91164
    Latitude
    29.00018

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility Mixed-Use Property in Edgewater
    Where is this commercial real estate located?
    The property is located at 409 Ridgewood Ave Edgewater, FL.
    What is the asking price?
    The asking price for this property is $398,000.
    (386) 426-7234
    Request Owner's contact information
    409 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
    409 Ridgewood Ave Edgewater, FL 32132
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