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1092 Ridgewood Ave Edgewater, FL 32132

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For Sale
$1,500,000

High-growth area, multi-tenant retail

Property size:
4,600 SF

Property Features for 1092 Ridgewood Ave

General Information

Property type
Retail properties
Square Feet
4,600 SF
Lot Size
66,647 SF

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Listing Contact
Ignacio Barsottelli
Ignacio Barsottelli

Listing Agency: Collado Real Estate Listing Agent: Ignacio Barsottelli

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

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Property Insight Report

Overview

This exceptional 1.53-acre commercial property in Edgewater, Florida, is listed at $1,500,000. Currently generating over $145,000 annually from various tenants, including a mechanic shop and automotive sales, with mobile homes situated at the rear. The property boasts 264 feet of frontage on US1 and is comprised of two parcels currently being assembled. Its 4,600-6,000 square foot building offers significant redevelopment potential, ideally suited for two drive-through establishments, ample parking, and major retail or medical uses. The location is highly advantageous, situated near a YMCA, Taco Bell, Little Caesars, Chick-fil-A, and a municipal park, ensuring high visibility and foot traffic. The property's location within a Community Redevelopment Area (CRA) provides access to potential incentives and support for redevelopment projects. A retention pond could be added to meet expansion requirements. The property is approximately one hour from Orlando International Airport and two miles from New Smyrna Beach, offering convenient access to major transportation hubs and tourist destinations. This prime location presents unparalleled business opportunities in a thriving area. The remaining lease term on the current tenants is two years.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

tropical auto air Auto Repair Shop

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

Location Insight

  • Map
  • Local Demand
City
Edgewater
County
Volusia
State
Florida
Longitude
-80.9020385
Latitude
28.9818781

FAQs

What type of property is this?
Retail property - High-growth area, multi-tenant retail
Where is this retail property located?
The property is located at 1092 Ridgewood Ave Edgewater, FL.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High-traffic location at the entrance to a busy YMCA, ensuring strong customer flow.; 1.53-acre commercial lot in Edgewater, FL, assembled from two parcels, offering versatile usage potential.; Development potential includes a new retention pond and redevelopment of a 4,600-6,000 sq ft building for drive-through businesses or retail/medical uses.
More about this property
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