For Sale
$1,300,000

0 Ridgewood Ave & Pearl StEdgewater, FL 32132

13.5 Acres, Prime Location, Opportunity Zone

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 13.5-acre commercial development site, located at the Northwest corner of N Ridgewood Ave (US Hwy 1) and Pearl St in Edgewater, Florida (zip code 32132), presents a unique investment opportunity. The property, identified by APN numbers 52-17-34-01-00-0190, 0192, 0193, 0194, 0195, and 0200, is zoned R-4/R-5 (Multifamily Residential) and is situated in an Opportunity Zone, offering significant tax advantages. Previously entitled for 130 two-story townhouses, each approximately 1,800 square feet with a single-car garage, the engineered plans are available. The design, featuring 20-foot-wide units, is adaptable and could be revised to suit various housing needs, including 55+ senior or workforce housing. The site is high and dry, with previously approved utility capacity and concurrency. Its convenient location, just one mile south of New Smyrna Beach, provides easy access to retail, recreation, and medical facilities, making it an ideal location for a thriving residential community. This property offers the potential for development as either fee-simple townhouses or a rental project. The asking price is $1,300,000.

Highlights

  • Opportunity Zone property.
  • Previously entitled 13.5-acre infill development site in Edgewater, FL.
  • High and dry 13.5-acre site.
  • Approved plans for 130 two-story, 1,800 sq ft townhouses with single-car garages; adaptable design.
  • Suitable for 55+ senior or workforce housing.
  • Develop as fee-simple townhouses or rental project.

Property Details for 0 Ridgewood Ave & Pearl St

Property type
Land
Lot Size (sq. ft)
588,060 SF

Location Insight

City
Edgewater
County
Volusia
State
Florida
Latitude
28.9948137
Longitude
-80.9094838
Ridgewood Ave & Pearl St, Edgewater, Florida

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0 Ridgewood Ave & Pearl St
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