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1092 Ridgewood Avenue
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PRICED AT ONLY: $1,500,000

Address: 1092 Ridgewood Avenue, EDGEWATER, FL 32132

Description

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.
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  •   HOA Fees $
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  • MLS#: NS1082183 ( Commercial Sale )
  • Street Address: 1092 Ridgewood Avenue
  • Viewed: 3
  • Price: $1,500,000
  • Price sqft: $197
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 7600
  • Days On Market: 150
  • Acreage: 1.53 acres
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Flooring: Concrete
  • Living Area: 7435.00
  • Other Structures: Outbuilding, Storage, Workshop
  • Roof: Membrane, Metal, Other
Land Information
  • Lot Features: Central Business District, Corner Lot, Curb and Gutters, City Limits, Other, Sidewalk
Garage and Parking
  • Garage Spaces: 0.00
  • Parking Features: Parking Spaces - 19 to 30, Ground Level, RV Parking
Utilities
  • Carport Spaces: 0.00
  • Cooling: Office Only, None
  • Pets Allowed: Yes - See Condo Docs
  • Road Frontage Type: Business District, City Street, Interstate
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Net Operating Income: 0.00
  • Tax Year: 2023
Other Features
  • Accessibility Features: Accessible Doors
  • Country: US
  • Legal Description: E 200 FT OF N 60 FT OF LOT 31 & S 69 FT OF E 200 FT OF LOT 32 MENDALL HOMESTEAD & LOTS 1 TO 5 INC EXC PART IN RD BLK 1 ROSS & NEWELL SUB MB 3 PG 73 & MB 8 PG 53 PER OR 4555 PG 2552 PER OR 6188 PGS 3452-3453
  • Area Major: 32132 - Edgewater
  • Occupant Type: Tenant
  • Parcel Number: 743301000320
  • Zoning Code: 07B3
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