Ridgewood Ave Edgewater, FL 32141
- Land
Current Use by Public Records
- Land
Property Details for 0 Ridgewood Ave
- Property type
- Land
Description
This exceptional commercial land offering in Edgewater, Florida, presents a unique investment opportunity. Three adjacent parcels totaling 140 feet of frontage on US-1 boast a daily traffic count of 15,000 vehicles. Strategically located next to a Volusia County bus stop, this property enjoys high visibility and accessibility. Surrounded by established businesses including a fitness center, Baptist church, Walgreens, Publix, and Burger King, the site benefits from a thriving commercial environment. Its proximity to the Indian River and beaches further enhances its appeal. Currently zoned B-4 on two parcels and R-3 on one, under Volusia County legislation, this property allows for a wide range of commercial uses including retail, offices, medical facilities, banks, restaurants, daycare centers, warehouses, self-storage facilities, and car washes. The Volusia County's desire for annexation to the City of Edgewater presents a significant opportunity for rezoning to accommodate a buyer's specific needs, potentially allowing for up to a 35-unit multifamily development with R-5 zoning. The possibility of acquiring additional lots for a larger-scale development project further enhances the investment potential. The asking price for this prime commercial land is $450,000. The property is located at S Ridgewood Ave., Edgewater, FL 32141.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Edgewater
- County
- Other Florida
- State
- Florida
- Longitude
- -80.8736
- Latitude
- 28.9243
