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$525,000

Est. payment - /mo

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1 Bath

1,957 SqFt

Pending

1015 S Ridgewood AVE Edgewater, FL 32132

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Pending

Purchase Type For Sale

Square Footage 1,957 sqft

Price per Sqft $268

MLS Listing ID 1225251

HOA Y/N No

Year Built 1976

Annual Tax Amount $6,557

Acres 0.54

Property Sub-Type Business

Source Daytona Beach Area Association of REALTORS®

Property Description

Opportunity to acquire income-producing investment with a solid lease already in place with a recognized national chain take-out restaurant. Whether you're an investor seeking investment returns or looking to add a low-maintenance asset to your portfolio, this property delivers strong fundamentals: high-traffic location, quality construction, and a proven national tenant already in place. Located on high-visibility corner lot on US-1 / Ridgewood Ave - one of the busiest corridors in the area with an Annual Average Daily Trip (AADT) of 27,000 and excellent accessibility with a bi-directional median cut. Low maintenance brick commercial building on a corner lot that is nicely landscaped with underground utilities and a newly resurfaced parking lot. The sale includes the building and both parcels with approximately 200' of Ridgewood Ave. frontage. The property is located in the CRA District as well as the Opportunity Zone. The active lease is fully transferable, providing income cash flow with a nationally recognized tenant. The business operations, equipment, and inventory are owned by the restaurant and are not included in the sale. Information is assumed accurate but not guaranteed.

Location

State FL

County Volusia

Area 80 - Edgewater

Direction South on Ridgewood Ave. to address on the east side at the intersection of Turgot and S. Ridgewood Ave.

Region Edgewater

City Region Edgewater

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Concrete

Heat Source Central, Electric

Exterior

Parking Features Attached, Parking Lot

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

Roof Type Concrete

Road Frontage City Street, Highway

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Level or Stories 1

Structure Type Block,Brick

Others

Tax ID 7433-06-01-0010

Ownership Freeman Jimmy R Tr

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Tracey Barlow • The Barnett Group Inc.

NEARBY SCHOOL & BUSINESS

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Lupe Olson

Agent | SLSL35411568

+1(408) 431-7267