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$ 1,800,000
Est. payment | /mo
4,842 SqFt
$ 1,800,000
Est. payment | /mo
4,842 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
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
© 2024 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by THE BARNETT GROUP, INC.
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