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    Ridgewood Ave & Pearl St Edgewater, FL 32132

    Sponsored
    For Sale
    $1,300,000

    13.5 Acres, Prime Location, Opportunity Zone

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13.5-acre commercial development site, located at the Northwest corner of N Ridgewood Ave (US Hwy 1) and Pearl St in Edgewater, Florida (zip code 32132), presents a unique investment opportunity. The property, identified by APN numbers 52-17-34-01-00-0190, 0192, 0193, 0194, 0195, and 0200, is zoned R-4/R-5 (Multifamily Residential) and is situated in an Opportunity Zone, offering significant tax advantages. Previously entitled for 130 two-story townhouses, each approximately 1,800 square feet with a single-car garage, the engineered plans are available. The design, featuring 20-foot-wide units, is adaptable and could be revised to suit various housing needs, including 55+ senior or workforce housing. The site is high and dry, with previously approved utility capacity and concurrency. Its convenient location, just one mile south of New Smyrna Beach, provides easy access to retail, recreation, and medical facilities, making it an ideal location for a thriving residential community. This property offers the potential for development as either fee-simple townhouses or a rental project. The asking price is $1,300,000.

    Property Features for 0 Ridgewood Ave & Pearl St

    General Information

    Property type
    Land
    Lot Size
    588,060 SF

    HighLights

    • Opportunity Zone property.
    • Previously entitled 13.5‑acre infill development site in Edgewater, FL.
    • High and dry 13.5‑acre site.
    • Approved plans for 130 two‑story, 1,800 sq ft townhouses with single‑car garages; adaptable design.
    • Suitable for 55+ senior or workforce housing.
    • Develop as fee‑simple townhouses or rental project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.9094838
    Latitude
    28.9948137

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    FAQs

    What type of property is this?
    Land - 13.5 Acres, Prime Location, Opportunity Zone
    Where is this land located?
    The property is located at Ridgewood Ave & Pearl St Edgewater, FL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Opportunity Zone property.; Previously entitled 13.5-acre infill development site in Edgewater, FL.; High and dry 13.5-acre site.
    (386) 453-4789
    Request Owner's contact information
    Ridgewood Ave & Pearl St 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
    Ridgewood Ave & Pearl St Edgewater, FL 32132
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