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1015 S Ridgewood Ave 1,957 SF Office Building Edgewater, FL 32132 $525,000 ($268.27/SF)
Investment Highlights
- Located on high traffic corridor of US Highway 1
- Currently Leased - income producing with opportunity
- Located within a Community Redevelopment Area (CRA) & Opportunity Zone
Executive Summary
Opportunity to acquire income-producing investment with a solid lease already in place with a recognized national chain take-out restaurant. Whether you’re an investor seeking investment returns or looking to add a low-maintenance asset to your portfolio, this property delivers strong fundamentals: high-traffic location, quality construction, and a proven national tenant already in place. Located on high-visibility corner lot on US-1 / Ridgewood Ave – one of the busiest corridors in the area with an Annual Average Daily Trip (AADT) of 27,000 and excellent accessibility with a bi-directional median cut. Low maintenance brick commercial building on a corner lot that is nicely landscaped with underground utilities and a newly resurfaced parking lot. The sale includes the building and both parcels with approximately 200’ of Ridgewood Ave. frontage. The property is located in the CRA District as well as the Opportunity Zone. The active lease is fully transferable, providing income cash flow with a nationally recognized tenant. The business operations, equipment, and inventory are owned by the restaurant and are not included in the sale. Information is assumed accurate but not guaranteed. Measurements are approximate. Buyers and their agents must verify all information that is important to them.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Building Size
1,957 SF
Building Class
B
Year Built
1976
Price
$525,000
Price Per SF
$268.27
Tenancy
Single
Building Height
1 Story
Typical Floor Size
1,957 SF
Building FAR
0.07
Lot Size
0.66 AC
Opportunity Zone
Yes
Zoning
B3 - Commercial B-3
Parking
14 Spaces (7.15 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $258,226 | |
| Land Assessment | $131,575 | Total Assessment | $389,801 |
Property Taxes
Parcel Numbers
Land Assessment
$131,575
Improvements Assessment
$258,226
Total Assessment
$389,801
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Contact the Sale Advisor
1015 S Ridgewood Ave