0 Indian River Blvd Edgewater, FL 32132
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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