2001 S RIDGEWOOD AVE Active

Edgewater,FL 32141

$ 1800000

- Bed

0 Bath

4842 SqFt


Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,842 sqft

Price per Sqft $371

Subdivision River Edge Acres

MLS Listing ID NS1080576

HOA Y/N No

Originating Board Stellar MLS

Year Built 1945

Annual Tax Amount $7,976

Lot Size 1.860 Acres

Acres 1.86

Lot Dimensions 300 x 300

Property Description

The property is located 1 block from the SR442 and Ridgewood Ave. intersection and consist of 4 parcels totaling 1.837 acres. The property includes 5 structures totaling over 8,200 square feet, 4 of which are commercial and 1 is a residential structure. All of the property is zoned B3 Highway Commercial. These structures were associated with a tavern that has been closed. The value has been placed in the property. It is located at the corner of Boston Rd. and S. Ridgewood Ave. in the area of new national chain retail. It has right in and left in ingress and over 300’ Ridgewood frontage with FDOT permitted driveway cut. The AADT count is 22,500 and elevations range from 15’-17’ without suspected wetlands. Presently, the city of Edgewater has ~15,000+ residential permits either approved and/or in the pipeline for approval. The property is also located in the CRA district which provides grant opportunities as well as commitment that a portion of the taxes will be used to enhance the property values in the area. Property has a clean Phase I environmental study. Since the properties presently have structures, there may impact fee credits available if structures are demolished. Immediately adjacent to this property is an additional 1.837 acres that may be considered as possible assemblage opportunity for a total of 3.674 acres. All parcels would provide approximately 604 linear feet of Ridgewood frontage. There are also several existing FDOT access points with these parcels.

Location

State FL

County Volusia

Community River Edge Acres

Zoning 07B3

Interior

Cooling Central Air

Exterior

Waterfront false

Building

Story 1

Foundation Slab

Lot Size Range 1 to less than 2

Structure Type Block,Concrete,Wood Frame

New Construction false

Others

Ownership Corporation

Special Listing Condition None

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