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    Indian River Blvd Edgewater, FL 32132

    Sponsored
    For Sale
    $1,450,000

    Prime 23.75-acre commercial lot in Edgewater, FL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,034,550 square foot commercial land parcel presents a unique investment opportunity in Edgewater, Florida. Strategically located on Indian River Boulevard (SR 442), this 23.75-acre site boasts over 600 feet of frontage along the main thoroughfare and an additional 400+ feet of frontage on Hideaway Lane, creating an L-shaped configuration. The property includes 6.98 acres of upland and 2.75 acres of upland buffer, with a recent survey completed on February 1st, 2024. Its central location offers easy access to the beach (15 minutes away), and is minutes from a variety of shops, restaurants, and grocery stores. The property's high visibility and convenient location make it ideal for a variety of commercial uses, including a storage facility, boat or RV storage, or other mixed-use developments. This area is experiencing significant growth, with the city of Edgewater relocating its offices nearby and numerous parcels already sold along this four-lane divided highway, conveniently located off I-95. Furthermore, the property is in close proximity to Miami Corps' three proposed development sites, which are slated to add nearly 33,000 homes and over 9 million square feet of commercial space, promising substantial future development and appreciation. Parcel IDs: 843801000700, 843801000710, 843801000720 are included in this offering. The asking price is $1,450,000.

    Property Features for 0 Indian River Blvd

    General Information

    Property type
    Mixed-use properties

    HighLights

    • 1,034,550 SF commercial land parcel in Edgewater, FL.
    • 23.75‑acre site with over 600' of frontage on SR 442 and 400'+ on Hideaway Lane.
    • 6.98 acres upland, 2.75 acres upland buffer; surveyed February 1, 2024.
    • High‑visibility location, minutes from amenities, 15 minutes to the beach.
    • Ideal for various commercial uses, including storage facilities and mixed‑use development.
    • Strong growth area near I‑95, city offices, and proposed Miami Corps developments (33,000 homes, 9M SF commercial).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Edgewater
    County
    Volusia
    State
    Florida
    Longitude
    -80.9760556
    Latitude
    28.963612

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    FAQs

    What type of property is this?
    Mixed-use property - Prime 23.75-acre commercial lot in Edgewater, FL.
    Where is this mixed-use property located?
    The property is located at Indian River Blvd Edgewater, FL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: 1,034,550 SF commercial land parcel in Edgewater, FL.; 23.75-acre site with over 600' of frontage on SR 442 and 400'+ on Hideaway Lane.; 6.98 acres upland, 2.75 acres upland buffer; surveyed February 1, 2024.
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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
    Indian River Blvd Edgewater, FL 32132
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