1092 S RIDGEWOOD AVENUE EDGEWATER FL 32132 MLS #NS1082183

1092 S RIDGEWOOD AVENUE
EDGEWATER, FL, 32132
$1,500,000
Beds
0 Baths
7,600 SqFt
1.53 Acres
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Prime Commercial Assemblage – 1.53 Acres with 264 ft Frontage on US1
Notice: This listing includes two parcels that are currently in the process of being assembled.
This lucrative commercial property generates over $145,000 annually from various tenants. The site is ideal for development, with excellent potential for two drive-through establishments and ample parking space. It is also perfect for major retail or medical industry use, given its proximity to the YMCA, Taco Bell, Little Caesars, and Chick-fil-A. Additionally, it is adjacent to a municipal park, enhancing its appeal. This prime location offers unparalleled business opportunities in a bustling area.
Proximity: 1 hour from Orlando International Airport 2 miles from New Smyrna Beach
Property Overview:
This amazing commercial property is currently operating as a mechanic shop alongside automotive sales, with mobile homes located in the back part of the property. The land offers significant potential for redevelopment and expansion of commercial usage. Adding a retention pond in the back can comply with necessary retention requirements if the property is expanded.
Features:
•High Traffic Area: Located at the entrance of the busy YMCA, ensuring a steady flow of potential customers.
•Versatile Usage: The land can be combined to increase commercial property usage.
•Potential for Development: Building a retention pond in the back to meet retention requirements and enhance property appeal.
2Community Redevelopment Area:
This property is also located within the Community Redevelopment Area (CRA), which emphasizes the importance of revitalizing and enhancing the community. Being part of the CRA provides additional opportunities for incentives and support for redevelopment projects, making this property an even more attractive investment.

Property Details

Price:
$1,500,000
MLS #:
NS1082183
Status:
Active
Beds:
0
Baths:
0
Address:
1092 S RIDGEWOOD AVENUE
Type:
Commercial
Subtype:
Mixed Use
Subdivision:
MENDALL HOMESTEAD
Neighborhood:
32132 – Edgewater
City:
EDGEWATER
Listed Date:
Jul 25, 2024
State:
FL
Finished Sq Ft:
7,600
Total Sq Ft:
7,600
ZIP:
32132
Lot Size:
66,662 sqft / 1.53 acres (approx)
Year Built:
1961
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Schools

Interior

Cooling
A/ C – Office Only, None
Flooring
Concrete

Exterior

Construction Materials
Block, Brick, Concrete, Stucco
Other Structures
Outbuilding, Storage, Workshop
Parking Features
19 to 30 Spaces, Ground Level, R V Parking
Roof
Membrane, Metal, Other

Financial

Tax Year
2023
Taxes
$3,556

Map

Community

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1092 S RIDGEWOOD AVENUE
EDGEWATER, FL