Log In/Sign Up
Your email has been sent.
328 N Ridgewood Ave 7,800 SF 92% Leased Office Building Edgewater, FL 32132 $1,100,000 ($141.03/SF) 6.80% Cap Rate
INVESTMENT HIGHLIGHTS
- 1.84 acres+/- w/ prime road frontage on US-1
- B-3 Highway Commercial Zoning - Edgewater
- 3 bay warehouse(1,800 SF)-currently vacant, easy to rent
- 1.3 acres adjacent land can be developed(340 RW)
- 20+ parking spaces
EXECUTIVE SUMMARY
10.3% PRO FORMA CAP RATE
Located in the quickly growing city of Edgewater, this office/warehouse space is suitable for investors or owner users. 0.53ac parcel with 7800sf warehouse/office space on busy US-1. Current owner converting renewing tenants to NNN leases. Ability for year two 10.3% cap rate by filling office vacancies. Owner/user would benefit from 6k square feet of office space and small bay warehouse in the rear of the building, with ability to sublet unused space to office tenants.
Located in the quickly growing city of Edgewater, this office/warehouse space is suitable for investors or owner users. 0.53ac parcel with 7800sf warehouse/office space on busy US-1. Current owner converting renewing tenants to NNN leases. Ability for year two 10.3% cap rate by filling office vacancies. Owner/user would benefit from 6k square feet of office space and small bay warehouse in the rear of the building, with ability to sublet unused space to office tenants.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
7,800 SF
Building Class
B
Year Built
1982
Price
$1,100,000
Price Per SF
$141.03
Cap Rate
6.80%
NOI
$74,792
Percent Leased
92%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,900 SF
Building FAR
0.34
Lot Size
0.53 AC
Opportunity Zone
Yes
Zoning
B-3 Highway Commercial - B-3 Highway Commercial
Parking
43 Spaces (5.51 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
includes utilities and access to conference room
Includes utilities and access to conference room
includes utilities and access to conference room
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 1 | 237 SF | Office | Partial Build-Out | Now |
| 1st Fl-Ste 6 | 229 SF | Office | - | Now |
| 1st Fl-Ste 9 | 172 SF | Office | - | Now |
1st Fl-Ste 1
| Size |
| 237 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 6
| Size |
| 229 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 9
| Size |
| 172 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Fl-Ste 1
| Size | 237 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
includes utilities and access to conference room
1st Fl-Ste 6
| Size | 229 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
Includes utilities and access to conference room
1st Fl-Ste 9
| Size | 172 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
includes utilities and access to conference room
1 1
PROPERTY TAXES
| Parcel Number | 7450-01-00-0210 | Improvements Assessment | $704,944 |
| Land Assessment | $93,955 | Total Assessment | $798,899 |
PROPERTY TAXES
Parcel Number
7450-01-00-0210
Land Assessment
$93,955
Improvements Assessment
$704,944
Total Assessment
$798,899
1 of 16
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
328 N Ridgewood Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.