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    908 Lake Ave Edgewater, FL 32132

    Sponsored
    For Sale
    $85,000

    Prime 11,761 sq ft commercial lot.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 11,761.2 square foot commercial lot, located at 908 Lake Avenue in Edgewater, Florida (zip code 32132), presents a unique investment opportunity. Situated on a lake and directly across from a park, this cleared vacant lot offers immediate development potential. The property's convenient location within an established neighborhood provides easy access to schools, parks, shopping centers, and restaurants, making it an attractive site for various commercial ventures. A significant advantage is that impact fees have already been paid, as a house previously stood on this land, streamlining the development process and potentially saving considerable costs for the buyer. The asking price for this prime commercial property is $85,000. Owner financing may be available, offering flexible payment options for qualified buyers. This lot's desirable location and the absence of prior impact fee obligations make it an exceptional value in the thriving Edgewater market. Coordinates: Latitude 28.9820991, Longitude -80.9110838. Volusia County.

    Property Features for 908 Lake Ave

    General Information

    Property type
    Land

    HighLights

    • $85,000 asking price.
    • 11,761.2 sq ft commercial land lot.
    • Located at 908 Lake Avenue, Edgewater, FL 32132.
    • Lakefront lot across from a park.
    • Impact fees already paid.
    • Potential for owner financing.
    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
    -80.9110838
    Latitude
    28.9820991

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    FAQs

    What type of property is this?
    Land - Prime 11,761 sq ft commercial lot.
    Where is this land located?
    The property is located at 908 Lake Ave Edgewater, FL.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: $85,000 asking price.; 11,761.2 sq ft commercial land lot.; Located at 908 Lake Avenue, 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
    908 Lake Ave Edgewater, FL 32132
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