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Property profile & analytics
OFF-MARKET
Commercial land

2771 Ridgewood Ave Edgewater, FL 32141-7503

1.84 ac lot
Individually Owned 18-yr Hold Absentee Owner Free & Clear
Property ID
US19-0025712
Property summary
AI-generated overview

This exceptional 93,654 square foot commercial land parcel presents a remarkable investment opportunity in the thriving Edgewater, Florida market. Boasting over 345 feet of frontage on busy US Highway 1/Ridgewood Avenue, this 2.15-acre lot enjoys unparalleled visibility and accessibility. Situated in a rapidly expanding area with hundreds of new homes under development, the property benefits from high traffic counts and proximity to established businesses. Directly across from Dollar General and Launch Credit Union, and adjacent to the Edgewater Landing community, this location offers immediate access to a substantial customer base. Further enhancing its appeal are newly installed sidewalks and a bike path, promoting pedestrian and cyclist traffic. The property's strategic location also places it within easy reach of Walgreens, Publix, Winn-Dixie, various banks and credit unions, fast-food restaurants like Burger King and Chick-fil-A, other retail outlets, and a new Aldi grocery store currently under construction. Zoned B-3 with future land use designated as commercial, this versatile property offers a wide range of potential uses (see permitted uses attachment). The seller is offering attractive financing options, including a first mortgage with generous terms. This prime location and development potential make this an exceptional opportunity for savvy investors.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.84 ac (80,000 SF)
Zoning code B3
APN 8401-01-00-0001
UPID US19-0025712
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
John J Robinson · 18 yrs held
John J Robinson
since 2008
1 recorded transaction
2008
$305,000
Zoning & alternative use
B3 · Edgewater, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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