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1900 S Ridgewood Ave 4,179 SF Retail Building Edgewater, FL 32141 For Sale
INVESTMENT HIGHLIGHTS
- 4,179 s.f. freestanding building and 4-lane drive-thru on U.S. Hwy 1 / S Ridgewood Ave
- Resides directly on US 1, Florida’s main roadway connecting the state’s east coastal communities on the S Indian River Blvd intersection (49,200 VPD)
- Florida Shores Plaza is anchored by Winn-Dixie, Bealls, Dollar Tree, Chick-fil-A, Subway, Dunkin’ and many others
- 18-month financial center leaseback with a 5-year leaseback of the ATM thereafter
- Outparcel of the Florida Shores Plaza, one of Edgewater’s main centers, which sees an average of 1.4 million visitors annually
- Developments recently completed in the market like ALDI across the street from the subject property, and more in a stage of development
EXECUTIVE SUMMARY
Back on the market: Former bank branch in Edgewater offering approximately 4,179 square feet on 0.959 acres with excellent repositioning potential. Its one-story stucco building features 33 parking spaces and four drive-thru lanes with an 18-month financial center leaseback plus five-year ATM agreement. Located directly on U.S. Highway 1 at South Indian River Boulevard with 49,200 vehicles per day, the property serves as an outparcel to Florida Shores Plaza, attracting 1.4 million annual visitors and anchored by major retailers.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
4,179 SF
Building Class
B
Year Built
1991
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.96 AC
Zoning
B3 - Highway Commercial
Parking
33 Spaces (7.9 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 8402-00-00-0061 | Improvements Assessment | $663,886 |
| Land Assessment | $206,250 | Total Assessment | $870,136 |
PROPERTY TAXES
Parcel Number
8402-00-00-0061
Land Assessment
$206,250
Improvements Assessment
$663,886
Total Assessment
$870,136
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1900 S Ridgewood Ave
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