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0 Indian River Blvd Edgewater, FL 32132

OFF-MARKET
Mixed-use properties
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Property summary

AI-generated overview

This exceptional 23.75-acre commercial property, located at 0 Indian River Boulevard in Edgewater, Florida (zip code 32132), presents a unique investment opportunity. Boasting over 1,034,550 square feet of land, this L-shaped parcel offers over 600 feet of frontage along Indian River Boulevard (SR 442) and over 400 feet of frontage on Hideaway Lane. 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 provides easy access to the beach (15 minutes away), and is minutes from shopping, dining, and grocery stores. The property's strategic position along a four-lane paved divided highway, just off I-95, is further enhanced by the city of Edgewater's relocation of its offices to this area, with many surrounding parcels already sold. This prime location is in close proximity to Miami Corps' three proposed development sites, which plan to add nearly 33,000 homes and over 9 million square feet of commercial space, presenting significant future growth potential. The property's size and location make it ideal for various commercial ventures, including a storage facility or boat/RV storage. Parcel IDs: 843801000700, 843801000710, 843801000720. Asking price: $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

Location

Indian River Blvd Edgewater, FL 32132
Edgewater metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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