Property profile

2794 S Ridgewood Ave S Edgewater, FL 32141

FOR SALE
Mixed-use properties
Property ID
US18-0306519
937 SF 2.8 ac lot Built 1956
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Property summary

AI-generated overview

This exceptional 2.8-acre mixed-use property at 2794 S Ridgewood Avenue in Edgewater, Florida, presents a unique investment opportunity. The 937 square foot existing home on the site has only impact fee value, offering significant redevelopment potential. The property boasts prime frontage on US Highway 1/Ridgewood Avenue, ensuring high visibility and accessibility. Its strategic location provides proximity to numerous amenities, including Walgreens, Publix, Dollar General, Winn-Dixie, Dunkin' Donuts, Taco Bell, and Aldi's, guaranteeing a strong customer base for any commercial venture. The property's zoning is a blend of commercial (front) and residential (rear acreage), allowing for diverse development options. This flexibility allows for the creation of a thriving business with ample space for residential development in the rear, or the construction of apartments or smaller homes. Located in Volusia County, the property is eligible for annexation into the City of Edgewater. City water and sewer services are readily available. The seller is open to financing for qualified buyers, making this an attractive proposition for investors seeking a versatile and strategically located property with significant upside.

Property profile

Verified
Property type Mixed-use properties
Year built 1956
Total area 937 SF
Lot 2.8 ac (121,968 SF)
UPID US18-0306519

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2794 S Ridgewood Ave S Edgewater, FL 32141
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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