Value Add Office Income With Additional Land - 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 1.84 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Date Updated Jan 17, 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.10.5% PRO FORMA CAP RATE Located in the quickly growing city of Edgewater, this office/warehouse space is suitable for investors or owner users. Two separate parcels: a 0.53ac parcel with 7800sf warehouse/office space, and a 1.31ac vacant lot on a hard corner of US-1. Current building cap rate at 6.2%, with ability for year two 10.5% cap rate by optimizing rents, leasing the warehouse space, and converting 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

  • 1.84 acres+/- w/ 360'+ prime road frontage on US-1
  • 1.3 acres adjacent land can be developed(340 RW)
  • 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
  • Additional land parcel may be sold sepaarately

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

  • Lot 1

    6.52 miles

  • All Suite Motel

    0.06 miles

  • Black Dolphin Inn

    1.39 miles

  • Best Western Edgewater Inn

    1.90 miles

  • Anchor Inn

    2.12 miles

  • Ocean Trillium Suites

    2.13 miles

  • Ocean Eleven Suites

    2.30 miles

  • Sunisands Beach Club

    2.31 miles

  • Hacienda del Sol II

    2.39 miles

  • Best Western New Smyrna Beach Hotel & Suites

    2.45 miles

  • Buena Vista Inn

    2.70 miles

  • Chill-E-Dogs

    0.43 miles

  • McDonald's

    0.53 miles

  • Filippo's Pizza

    0.53 miles

  • Hungry Howie's

    0.61 miles

  • Pizza Hut

    0.63 miles

  • Beef 'O' Brady's

    0.68 miles

  • Wendy's

    0.71 miles

  • Sand Bar Café

    0.76 miles

  • McKenna's Place

    0.78 miles

  • Papa John's

    1.63 miles

  • Discovery Academy

    0.25 miles

  • New Smyrna Beach Middle School

    0.85 miles

  • Daytona State College (NSB/Edgewater)

    0.91 miles

  • Daytona State College NSB Campus

    0.91 miles

  • Edgewater Public School

    0.98 miles

  • New Smyrna Beach Junior High School

    1.01 miles

  • Read-Patillo Elementary School

    1.05 miles

  • New Smyrna Beach High School

    1.20 miles

  • Samsula academy

    1.31 miles

  • Coronado Beach Elementary School

    2.02 miles

Frequently Asked Questions

How much does Value Add Office Income With Additional Land - Edgewater cost?

The space currently listed for sale at Value Add Office Income With Additional Land - Edgewater asks for $1,200,000.

What is the total square footage of Value Add Office Income With Additional Land - Edgewater?

Value Add Office Income With Additional Land - Edgewater totals 7,800 square feet.

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Contact Listing Broker
broker
Mark Ascik

SVN | Alliance Commercial Real Estate Advisors

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