433 Ridgewood Ave Edgewater, FL 32132
- Specialty properties
- 2,883 SF
- 0.32 lot acres
Current Use by Public Records
- Dudley Crematory / Funeral Home
Property Details for 433 Ridgewood Ave
- Year built
- 1947
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.32 lot acres
- Property size
- 2,883 SF
- Zone code
- B3
- Property type
- Specialty properties
- APN
- 7450-08-02-0010
- APU
- 745008020010
Description
This exceptional commercial property, located at 433 N Ridgewood Avenue in Edgewater, Florida, presents a unique investment opportunity. The property encompasses a substantial 0.31-acre lot and features two separate buildings, offering significant versatility. The main building, boasting over 2800 square feet, was previously utilized as a funeral home. However, its spacious layout and B3 zoning allow for a wide range of alternative commercial uses, making it ideal for entrepreneurs seeking a flexible space. The possibilities are numerous, from retail and office spaces to specialized services. The second building, a detached structure, offers additional space previously used as living quarters and more recently as storage. This secondary building provides ample potential for expansion, additional storage, or even conversion to a complementary business use. The property's prime location in Edgewater, Florida, adds to its appeal, offering easy access to local amenities and transportation routes. With its substantial size, flexible zoning, and multiple building options, this property is poised for significant return on investment. The total square footage across both buildings is 3520 square feet. This is a rare opportunity to acquire a versatile commercial property with substantial potential in a desirable location. Serious inquiries are encouraged.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $355,000
- 6.5%
- $350,000
- 7%
- $395,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $380,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $415,000
- Retail
- $420,000
- Mixed-Use
- $365,000
- Hospitality
- $455,000
- Educational
- $365,000
- Residential Income
- $335,000
- Energy
- $450,000
- Income-Based Land
- $455,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Edgewater
- County
- Volusia
- State
- Florida
- Longitude
- -80.9123
- Latitude
- 29.0017
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA