3199 Indian River BlvdEdgewater, FL 32132

Property Details for 3199 Indian River Blvd

Lot size

20.42 AC

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 20.42-acre commercial land parcel in Edgewater, Florida, presents a remarkable opportunity for development. Located at 3199 W Indian River Boulevard, this property boasts a prime location just east of I-95, offering unparalleled accessibility and visibility. The city of Edgewater is actively encouraging mixed-use development in this area, making it an ideal location for a project incorporating retail, office, and residential components. The property's strategic position is further enhanced by its proximity to the new Edgewater city hall, fire and police department, and other city facilities, recently constructed across the highway. City water, sewer, and reclaimed water lines are conveniently located at the property's frontage. This corner lot is situated in front of a residential subdivision, benefiting from a built-in customer base and strong residential growth in the surrounding area. The asking price is $3,900,000, translating to $4 per square foot. The property is zoned for rezoning, offering flexibility for a variety of development plans. The seller is open to a 1031 exchange, making this an attractive investment opportunity for qualified buyers. Serious inquiries from seasoned developers with a clear vision, strong financials, and a proven track record are encouraged. The property's APN is 8438-02-00-0110, and it is owned by a corporation.

Location Insight

City

Edgewater

County

Volusia

State

Florida

Latitude

28.9523

Longitude

-80.9421

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