2905 Indian River BlvdEdgewater, FL 32132

Property Details for 2905 Indian River Blvd

Year built

1993

Lot size

0.43 AC

Property size (Sq ft)

2,275 SF

Property type

Healthcare properties

Property subtype

Other retail properties

Description

This 2,275 square foot, single-tenant office building in Edgewater, Florida, presents a compelling redevelopment opportunity. Located on a 0.43-acre hard corner lot at 2905 Indian River Blvd, the property boasts excellent visibility and accessibility, with over 18,900 vehicles passing daily. Currently operating under a 5-year NNN lease expiring April 12, 2025, the property offers a 6.81% cap rate and a current NOI of $67,800. The building, constructed in 1993, is classified as Class B and sits on a level, fully usable lot with on-site drainage. The property features 4.4 parking spaces per 1,000 square feet and benefits from its location on a signalized intersection. Zoned B-3 for highway commercial use, this site is ideal for a variety of high-traffic retail or office developments, with no minimum parcel size restrictions. Situated outside the flood hazard area, the property presents a clean slate for future development with no environmental or physical constraints. The property's location near residential and vacant land provides a stable environment for future commercial growth. The property's frontage on Indian River Blvd is 130 feet, and its frontage on Air Park Rd is 168 feet. All utilities are available, and the area features sidewalks, lighting, and paved roadways. The APN is 843801002620. Asking price is $995,000.

Location Insight

City

Edgewater

County

Volusia

State

Florida

Latitude

28.9634

Longitude

-80.9218

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