2001 Ridgewood Ave Edgewater, FL 32141

Property Details for 2001 Ridgewood Ave

Year built

1945

Property size

8,000 SF

Property type

Churches & religious facilities

Property subtype

Bars

Description

This exceptional mixed-use property, located at 2001 S Ridgewood Avenue in Edgewater, Florida, presents a compelling redevelopment opportunity. The 1.837-acre site, comprised of four parcels totaling 81,021.6 square feet, boasts a prime location just one block from the SR442 and Ridgewood Avenue intersection, a high-traffic area with an AADT count of 22,500. The property includes five structures with a combined square footage of over 8,200 square feet; four are commercial, and one is residential. All structures are situated on land zoned B3 Highway Commercial, offering significant flexibility for future development. The property features over 300 feet of Ridgewood Avenue frontage, with an FDOT-permitted driveway cut providing convenient ingress and egress. Elevations range from 15 to 17 feet, with no suspected wetlands. A clean Phase I environmental study is available. Potential impact fee credits may be available if existing structures are demolished. The property's location within the CRA district offers access to grant opportunities and ensures a portion of taxes will be used to enhance property values in the area. An adjacent 1.837-acre parcel presents a potential assemblage opportunity, expanding the total acreage to 3.674 acres and providing approximately 604 linear feet of Ridgewood frontage with several existing FDOT access points. The asking price is $1,800,000. Built in 1945, this property is ideally positioned to benefit from the significant residential growth in Edgewater, with over 15,000 residential permits approved or in the pipeline. The property's proximity to new national chain retail further enhances its investment potential.