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    2794 Ridgewood Ave Edgewater, FL 32141

    For Sale
    $295,000

    Prime US-1 location, high potential

    Property size:
    1,042 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 1,042 square foot mixed-use property, situated on a large 121,096.8 square foot lot at 2794 S Ridgewood Avenue in Edgewater, Florida (zip code 32141), presents a unique investment opportunity. Built in 1956, the existing structure is currently zoned commercial in the front and residential in the back, offering flexibility for various uses. The property boasts significant US Highway 1/Ridgewood Avenue frontage, ensuring high visibility and accessibility. Its strategic location places it near numerous established businesses, including Walgreens, Publix, Dollar General, Winn-Dixie, Dunkin' Donuts, Taco Bell, and Aldi's. The existing building has only impact fee value, presenting a blank canvas for redevelopment. The expansive lot size allows for the potential construction of a residence at the rear, or the development of apartments or small homes, making it ideal for a mixed-use project. The property is located in Volusia County and is eligible for annexation into the City of Edgewater. City water and sewer are available. The asking price is $295,000, and owner financing may be considered for a qualified buyer. This property offers substantial upside potential for savvy investors seeking a prime location with diverse development possibilities.

    Property Features for 2794 Ridgewood Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,042 SF

    Building Details

    Year Built
    1956
    Units
    1

    HighLights

    • Asking price: $295,000
    • 1,042 SF retail/mixed‑use building on a 121,096.8 SF lot
    • Located at 2794 S Ridgewood Avenue, Edgewater, FL 32141
    • Built in 1956 with one unit
    • High‑traffic US Hwy 1/Ridgewood Ave frontage, near major retailers.
    Property Profile Insight Report 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
    -80.8863975
    Latitude
    28.9539194

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    FAQs

    What type of property is this?
    Mixed-use property - Prime US-1 location, high potential
    Where is this mixed-use property located?
    The property is located at 2794 Ridgewood Ave Edgewater, FL.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Asking price: $295,000; 1,042 SF retail/mixed-use building on a 121,096.8 SF lot; Located at 2794 S Ridgewood Avenue, Edgewater, FL 32141
    Request Owner's contact information
    2794 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
    2794 Ridgewood Ave Edgewater, FL 32141
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