2794 Ridgewood AveEdgewater, FL 32141

Property Details for 2794 Ridgewood Ave

Year built

1956

Property size (Sq ft)

1,042 SF

Property type

Other commercial real estate

Property subtype

Other retail properties

Description

This exceptional 1,042 square foot mixed-use property, situated on a large 121,096.8 square foot lot at 2794 S Ridgewood Avenue in Edgewater, Florida (zip code 32141), presents a unique investment opportunity. Built in 1956, the existing structure is currently zoned commercial in the front and residential in the back, offering flexibility for various uses. The property boasts significant US Highway 1/Ridgewood Avenue frontage, ensuring high visibility and accessibility. Its strategic location places it near numerous established businesses, including Walgreens, Publix, Dollar General, Winn-Dixie, Dunkin' Donuts, Taco Bell, and Aldi's. The existing building has only impact fee value, presenting a blank canvas for redevelopment. The expansive lot size allows for the potential construction of a residence at the rear, or the development of apartments or small homes, making it ideal for a mixed-use project. The property is located in Volusia County and is eligible for annexation into the City of Edgewater. City water and sewer are available. The asking price is $295,000, and owner financing may be considered for a qualified buyer. This property offers substantial upside potential for savvy investors seeking a prime location with diverse development possibilities.

Location Insight

City

Edgewater

County

Volusia

State

Florida

Latitude

28.9539

Longitude

-80.8864

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