1015 S Ridgewood Avenue, Edgewater, FL 32132
- $525,000
- 1,957
- SqFt
- List Price
- $525,000
- Status
- Pending
- Days on Market
- 52
- MLS#
- NS1087926
- Property Style
- Restaurant
- Year Built
- 1976
- Living Area
- 1,957
- Lot Size
- 23,900
- Acres
- 0.66
- Total Acreage
- 1/2 to less than 1
- Legal Subdivision Name
- Turgot Terrace Mendall Homestead
- MLS Area Major
- Edgewater
Property Description
Under contract-accepting backup offers. Opportunity to acquire income-producing investment with a solid lease already in place with a recognized national chain take-out restaurant. Whether you’re an investor seeking investment returns or looking to add a low-maintenance asset to your portfolio, this property delivers strong fundamentals: high-traffic location, quality construction, and a proven national tenant already in place. Located on high-visibility corner lot on US-1 / Ridgewood Ave – one of the busiest corridors in the area with an Annual Average Daily Trip (AADT) of 27,000 and excellent accessibility with a bi-directional median cut. Low maintenance brick commercial building on a corner lot that is nicely landscaped with underground utilities and a newly resurfaced parking lot. The sale includes the building and both parcels with approximately 200’ of Ridgewood Ave. frontage. The property is located in the CRA District as well as the Opportunity Zone. The active lease is fully transferable, providing income cash flow with a nationally recognized tenant. The business operations, equipment, and inventory are owned by the restaurant and are not included in the sale. Information is assumed accurate but not guaranteed.
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Additional Information
- Taxes Annual
- $6557
- Location
- Central Business District, Corner Lot, Oversized Lot
- Community Features
- No Deed Restriction
- Zoning
- COMM. - B3
- Floor
- Tile
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Brick, Concrete
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Ground Level
- Flood Zone Code
- X
- Parcel ID
- 7433-06-01-0010
- Legal Description
- LOTS 1 2 & 3 EXC W 34 FT IN RD & LOT 5 BLK A TURGOT TERRACE MENDALL HOMESTEAD PER OR 4413 PG 2682 PER OR 5625 PG 3080
Listing courtesy of THE BARNETT GROUP, INC.. 386-426-7234
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