2905 Indian River Blvd, Edgewater, FL 32132
- Banks
- 2,275 SF
- 0.43 lot acres
Current Use by Public Records
- HIG Insurance - Edgewater / Insurance Agency
Property Details for 2905 Indian River Blvd
- Year built
- 1993
- Lot size
- 0.43 lot acres
- Property type
- Banks
- Property subtype
- Medical Office Space
- APN
- 843801002620
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 20, 2022 | $925,000 | Sentinel Fund Spv IV LLC | Csss LLC | Warranty Deed | — |
| Feb 10, 2020 | $369,900 | Csss LLC | Joseph Adevai | Warranty Deed | $314k · Centerstate Bank NA |
| Feb 1, 2017 | $282,500 | Joseph Adevai | Edgewater Airpark LLC | Warranty Deed | $226k · Edgewater Airpark LLC |
Description
This 2,275 square foot, single-tenant office building in Edgewater, Florida, presents a compelling redevelopment opportunity. Located on a 0.43-acre hard corner lot at 2905 Indian River Blvd, the property boasts excellent visibility and accessibility, with over 18,900 vehicles passing daily. Currently operating under a 5-year NNN lease expiring April 12, 2025, the property offers a 6.81% cap rate and a current NOI of $67,800. The building, constructed in 1993, is classified as Class B and sits on a level, fully usable lot with on-site drainage. The property features 4.4 parking spaces per 1,000 square feet and benefits from its location on a signalized intersection. Zoned B-3 for highway commercial use, this site is ideal for a variety of high-traffic retail or office developments, with no minimum parcel size restrictions. Situated outside the flood hazard area, the property presents a clean slate for future development with no environmental or physical constraints. The property's location near residential and vacant land provides a stable environment for future commercial growth. The property's frontage on Indian River Blvd is 130 feet, and its frontage on Air Park Rd is 168 feet. All utilities are available, and the area features sidewalks, lighting, and paved roadways. The APN is 843801002620. Asking price is $995,000.
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Location Insight
- Map
- Local Demand
- City
- Edgewater
- County
- Volusia
- State
- Florida
- Longitude
- -80.921793277359
- Latitude
- 28.963429718738
