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OFF-MARKET
Mixed-use properties

0 Indian River Blvd Edgewater, FL 32132

Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
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
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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