2771 Ridgewood Ave Edgewater, FL 32141-7503
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B3 · Edgewater, FLEdgewater. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.