2901 Ridgewood Ave S - Fully Approved Multifamily / Comm Development 9.32 Acres of Residential Land Offered at $3,240,000 in Edgewater, FL 32141

Presented by Engel & Völkers New Smyrna Beach, this exceptional offering represents a rare, fully approved and permitted mixed-use development opportunity in the rapidly growing Edgewater market.
Spanning a strategic and highly visible corridor along Ridgewood Avenue (US-1), the property is approved for 162 multifamily units under the highly desirable “Live Local” designation, providing developers with a streamlined path to deliver much-needed housing in a supply-constrained area. Complementing the residential component is 4.52 acres of commercially zoned land (B-3 – Highway Commercial), allowing for a broad spectrum of retail, dining, service, and business uses—ideal for creating a vibrant, integrated live-work environment.
Positioned adjacent to a high-traffic Publix-anchored shopping center, the site benefits from exceptional visibility and accessibility along one of the region’s primary retail arteries, with approximately 30,500 vehicles passing daily. This premier frontage ensures strong exposure for future commercial tenants and long-term value for investors.
The surrounding 5-mile trade area is robust and growing, supported by over 50,500 residents and 17,100 employees, with an average household income of $92,527—delivering a built-in consumer base and strong demand drivers for both residential and commercial components.
This is a turnkey development opportunity in one of Central Florida’s most active growth corridors—perfectly suited for developers and investors seeking scale, entitlement certainty, and prime frontage in a high-demand market.