1092 Ridgewood AveEdgewater, FL 32132

This exceptional 1.53-acre commercial property in Edgewater, Florida, is listed at $1,500,000. Currently generating over $145,000 annually from various tenants, including a mechanic shop and automotive sales, with mobile homes situated at the rear. The property boasts 264 feet of frontage on US1 and is comprised of two parcels currently being assembled. Its 4,600-6,000 square foot building offers significant redevelopment potential, ideally suited for two drive-through establishments, ample parking, and major retail or medical uses. The location is highly advantageous, situated near a YMCA, Taco Bell, Little Caesars, Chick-fil-A, and a municipal park, ensuring high visibility and foot traffic. The property's location within a Community Redevelopment Area (CRA) provides access to potential incentives and support for redevelopment projects. A retention pond could be added to meet expansion requirements. The property is approximately one hour from Orlando International Airport and two miles from New Smyrna Beach, offering convenient access to major transportation hubs and tourist destinations. This prime location presents unparalleled business opportunities in a thriving area. The remaining lease term on the current tenants is two years.