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    1308 S Ridgewood Ave Edgewater, FL 32132

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    For Sale
    $4,026,893

    100% occupied retail property with long-term leases and rental increases.

    Property size:
    4,887 SF
    Lot size:
    1.20 Acres

    Property Features for 1308 S Ridgewood Ave

    General Information

    Size
    4,887 SF
    Lot size
    1.20 Acres

    Source: SRS Real Estate Partners, LLC Agent Morgan Zant

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Investment Property in Edgewater

    This retail investment property in Edgewater, Florida, features a 100% occupied, two-tenant building with a total area of 4,887 square feet. The property is divided into two suites, with Taco Bell occupying 1,887 square feet and Planet 13 Holdings utilizing the remaining 3,000 square feet. Taco Bell has a 15-year lease, while Planet 13 Holdings has a 10-year lease, both including 3 (5-year) option periods. The Taco Bell lease includes 2% annual rental increases, and the Planet 13 Holdings lease features a 10% rental increase at the beginning of year 6. These increases continue throughout the initial term and option periods. The tenant lineup is diverse and e-commerce resistant, creating a stabilized income stream. Both tenants recently signed brand-new long-term NNN leases.
    Insight Report Location Intelligence

    Current Use by Public Records

    Taco Bell Fast Food Restaurant

    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
    -80.900885
    Latitude
    28.979577

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    FAQs

    What type of property is this?
    Retail space - 100% occupied retail property with long-term leases and rental increases.
    Where is this retail space located?
    The property is located at 1308 S Ridgewood Ave Edgewater, FL.
    What is the asking price?
    The asking price for this property is $4,026,893.
    What are key features of this property?
    This property features: - 100% occupied retail investment property with two tenants.; - Features a new 15-year NNN lease for **Taco Bell** and a 10-year NNN lease for **Planet 13**.; - Taco Bell lease includes 2% annual rental increases.
    (502) 399-8949
    Request Owner's contact information
    1308 S 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
    1308 S Ridgewood Ave Edgewater, FL 32132
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