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1701 S Ridgewood Ave 9,835 SF Retail Building Edgewater, FL 32132 $2,500,000 ($254.19/SF) 6.24% Cap Rate
Investment Highlights
- Established Automotive Tenant
- Immediate Residential Value-Add Opportunity
- Excellent Capital Improvements
- Fresh Long-Term Lease Commitment
- Diversified Income Profile
- Essential Service Retail Use
Executive Summary
Presenting a highly versatile Commercial Automotive, Office, & Industrial Flex investment opportunity located along the high-traffic corridor of South Ridgewood Avenue in Edgewater, Florida. This unique offering consists of two adjacent parcels that seamlessly combine an established, income-producing retail automotive repair facility with a premium second-story office and warehouse component:
• 1701 South Ridgewood Ave: Features a fully equipped, 6-bay retail auto repair building spanning 9,835 SF (originally built in 1985) situated on an expansive 39,285 SF lot.
• 1707 S Ridgewood Ave: An adjacent 11,050 SF vacant lot utilized for additional parking, fleet storage, or future development. The retail portion is anchored by Boulevard Tire Center, a dominant regional brand.
Complementing the retail automotive component is the remainder of the building, which features a highly functional second-story office and warehouse layout. Spanning three separate spaces—Unit #204 (1,000 SF office with kitchenette), Unit #205 (1,000 SF office with kitchenette), and Unit #206 (1,625 SF warehouse)—this portion is currently owner-occupied, offering immediate upside for lease-up or an owner-user.
• 1701 South Ridgewood Ave: Features a fully equipped, 6-bay retail auto repair building spanning 9,835 SF (originally built in 1985) situated on an expansive 39,285 SF lot.
• 1707 S Ridgewood Ave: An adjacent 11,050 SF vacant lot utilized for additional parking, fleet storage, or future development. The retail portion is anchored by Boulevard Tire Center, a dominant regional brand.
Complementing the retail automotive component is the remainder of the building, which features a highly functional second-story office and warehouse layout. Spanning three separate spaces—Unit #204 (1,000 SF office with kitchenette), Unit #205 (1,000 SF office with kitchenette), and Unit #206 (1,625 SF warehouse)—this portion is currently owner-occupied, offering immediate upside for lease-up or an owner-user.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
9,835 SF
Building Class
C
Year Built/Renovated
1969/2022
Price
$2,500,000
Price Per SF
$254.19
Cap Rate
6.24%
NOI
$156,050
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.90 AC
Opportunity Zone
Yes
Zoning
07B3
Parking
12 Spaces (1.22 Spaces per 1,000 SF Leased)
Frontage
101’ on Ridgewood Ave
Amenities
- Pylon Sign
- Signage
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8402-33-00-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $602,435 |
Property Taxes
Parcel Number
8402-33-00-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$602,435
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1701 S Ridgewood Ave