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    2370 Ridgewood Ave Edgewater, FL 32141

    For Sale
    $650,000

    4.44-acre Hwy 1 commercial lot. High visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4.44-acre commercial land parcel, located at 2370 S Ridgewood Ave in Edgewater, Florida (zip code 32141), presents a prime investment opportunity. Zoned B-3 (Highway Commercial) by the City of Edgewater, this property boasts approximately 620 linear feet of frontage on S Ridgewood Avenue (US Highway 1), ensuring high visibility and excellent access for future development. Situated amidst established neighborhoods, the site offers a strategic location with strong situs off US Highway 1. The property, surveyed in October 2022, is currently wooded and located in Flood Zone X. Essential utilities, including electricity and water, are readily available on-site. The asking price is $650,000, translating to a land value of $3.36 per square foot. The total acreage is 4.44 acres, or 193,538 square feet. Ownership is held by Shree Jaybhola, Inc. (Corporate). This property is ideal for a variety of commercial ventures, capitalizing on its high-traffic location and favorable zoning.

    Property Features for 2370 Ridgewood Ave

    General Information

    Property type
    Land
    Lot Size
    193,406 SF

    HighLights

    • $650,000 asking price for 4.44 acres of commercial land.
    • Located at 2370 S Ridgewood Ave, Edgewater, FL 32141, zoned B‑3 (Highway Commercial).
    • 620 linear feet of frontage on US Hwy 1.
    • Land value: $3.36/SF.
    • Utilities available on‑site; surveyed in October 2022; located in Flood Zone X.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.888926220061
    Latitude
    28.960546584034

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    FAQs

    What type of property is this?
    Land - 4.44-acre Hwy 1 commercial lot. High visibility.
    Where is this land located?
    The property is located at 2370 Ridgewood Ave Edgewater, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: $650,000 asking price for 4.44 acres of commercial land.; Located at 2370 S Ridgewood Ave, Edgewater, FL 32141, zoned B-3 (Highway Commercial).; 620 linear feet of frontage on US Hwy 1.
    Request Owner's contact information
    2370 Ridgewood Ave Edgewater, FL 32141
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    Edgewater, FL 32141
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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
    2370 Ridgewood Ave Edgewater, FL 32141
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