Value Add Office/Warehouse Income Property- Edgewater

328 North Ridgewood Avenue, Edgewater, FL 32132

  • For Sale $1,200,000
  • Property Type Office - General Office
  • Property Size 7,800 SF
  • Lot Size 0.53 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Date Updated Apr 3, 2025
Discover the dynamic investment potential of the Daytona-Ormond Beach, FL MSA market, where the property is located. This vibrant area is a hotspot for commercial real estate investors, offering a strategic location and a thriving business environment.8.5% PRO FORMA CAP RATE Located in the quickly growing city of Edgewater, this office/warehouse space is suitable for investors or owner users. 0.53ac parcel with 7800sf warehouse/office space on busy US-1. Current owner converting renewing tenants to NNN leases. Ability for year two 8.5% cap rate by optimizing rents, leasing the owner-occupied warehouse and office space, and converting additional tenants to NNN leases. Owner/user would benefit from 6k square feet of office space and small bay warehouse in the rear of the building, with ability to sublet unused space to office tenants.
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Highlights

  • 0.53 acres+/- prime road frontage on US-1
  • B-3 Highway Commercial Zoning - Edgewater
  • 20+ parking spaces
  • 3 bay warehouse(1,800 SF)-currently vacant, easy to rent
  • 2023 HVAC, gutters, and soffits - 2016 roof

Contacts

broker
Mark Ascik

SVN | Alliance Commercial Real Estate Advisors

Location

Getting Around

  • Walk Score ®

    48/100 Car-Dependent

  • Bike Score ®

    60/100 Bikeable
Powered by Walk Score ®
  • City Edgewater, FL
  • Neighborhood Edgewater
  • Zip Code 32132
  • Market North Central Florida

Points of Interest

  • Shell

    0.60 miles

  • Murphy USA

    3.39 miles

  • Circle K

    3.61 miles

  • BP

    4.85 miles

  • Chevron

    4.98 miles

  • RaceTrac

    5.18 miles

  • Mobil

    8.83 miles

Frequently Asked Questions

How much does Value Add Office/Warehouse Income Property- Edgewater cost?

The space currently listed for sale at Value Add Office/Warehouse Income Property- Edgewater asks for $1,200,000.

What is the total square footage of Value Add Office/Warehouse Income Property- Edgewater?

Value Add Office/Warehouse Income Property- Edgewater totals 7,800 square feet.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Mark Ascik

SVN | Alliance Commercial Real Estate Advisors

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