Property profile

3199 W Indian River Blvd Edgewater Edgewater, FL 32132

OFF-MARKET
Commercial land
Property ID
US18-Q030944
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Property summary

AI-generated overview

This property location is where the center of the city will be with the city 's new purchase of land across HWY 442. The Current Zoning from the County is A-3. Future City Land use & suggested use would be MPUD Mixed Use Planned Unit Development., This could allow several uses for example: Apartments, Restaurants, gas station, etc. The future is here NOW to do your own development use! New water, sewer & reclaimed lines installed in front of property. Just West of I-95 is the New Deering Park the 70,000 acres formerly Farmington Development has approvals for 8,312 Residential units and 4.3 million Sq. Ft. of commercial space The 1,742-home initial phase in Edgewater is just west of I-95 off SR 442. The 1st homes will go up this summer creating a lot of jobs. Owner to consider a 1031 exchange for income commercial property. Looking for a seasoned developer with good financials and track record ready to develop this well positioned property

Property profile

Verified
Property type Commercial land
UPID US18-Q030944

Cap rate & NOI

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

Location

3199 W Indian River Blvd, Unit Edgewater Edgewater, FL 32132
Edgewater metro
Google Maps

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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