433 Ridgewood AveEdgewater, FL 32132

  • Specialty properties
  • 2,883 SF
For Sale
$689,000 View listing

Property Details for 433 Ridgewood Ave

Year built
1947
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.32 AC
Property size (Sq ft)
2,883 SF
Zone code
B3
Property type
Specialty properties
Property subtype
Other specialty properties
APN
7450-08-02-0010
APU
745008020010

Description

This exceptional commercial property, located at 433 N Ridgewood Avenue in Edgewater, Florida, presents a unique investment opportunity. The property encompasses a substantial 0.31-acre lot and features two separate buildings, offering significant versatility. The main building, boasting over 2800 square feet, was previously utilized as a funeral home. However, its spacious layout and B3 zoning allow for a wide range of alternative commercial uses, making it ideal for entrepreneurs seeking a flexible space. The possibilities are numerous, from retail and office spaces to specialized services. The second building, a detached structure, offers additional space previously used as living quarters and more recently as storage. This secondary building provides ample potential for expansion, additional storage, or even conversion to a complementary business use. The property's prime location in Edgewater, Florida, adds to its appeal, offering easy access to local amenities and transportation routes. With its substantial size, flexible zoning, and multiple building options, this property is poised for significant return on investment. The total square footage across both buildings is 3520 square feet. This is a rare opportunity to acquire a versatile commercial property with substantial potential in a desirable location. Serious inquiries are encouraged.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $784,058
    Hospitality
    $718,193
    Educational
    $597,528
    Medical
    $618,078
    Retail
    $929,488
433 Ridgewood Ave, Edgewater, Florida

Location Insight

City
Edgewater
County
Volusia
State
Florida
Latitude
29.0017
Longitude
-80.9123
CBSA code
19660
CBSA name
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,653
$94,380
$197,979
$292,359
-
$94,380
$197,979
$292,359

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