1092 S RIDGEWOOD AVE Edgewater, FL 32132
UPDATED:
07/26/2024 06:13 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,435 sqft
Price per Sqft $201
Subdivision Mendall Homestead
MLS Listing ID NS1082183
HOA Y/N No
Originating Board Stellar MLS
Year Built 1961
Annual Tax Amount $3,556
Lot Size 1.530 Acres
Acres 1.53
Property Description
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.
Location
State FL
County Volusia
Community Mendall Homestead
Zoning 07B3
Interior
Cooling Office Only, None
Flooring Concrete
Exterior
Parking Features Parking Spaces - 19 to 30, Ground Level, RV Parking
Roof Type Membrane,Metal,Other
Building
Lot Description Central Business District, Corner Lot, Curb and Gutters, City Limits, Other, Sidewalk
Story 1
Foundation Block, Concrete Perimeter, Other, Slab
Lot Size Range 1 to less than 2
Structure Type Block,Brick,Concrete,Stucco
New Construction false
Others
Pets Allowed Yes - See Condo Docs
Ownership Sole Proprietor
Acceptable Financing Cash, Conventional, Trade, Other
Listing Terms Cash, Conventional, Trade, Other
Special Listing Condition None
Learn More About LPT Realty