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    1015 Ridgewood Avenue
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    PRICED AT ONLY: $525,000

    Address: 1015 Ridgewood Avenue, EDGEWATER, FL 32132

    Description

    Opportunity to acquire income producing investment with a solid lease already in place with a recognized national chain take out restaurant. Whether youre 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.
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    •   Principal & Interest -
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    • MLS#: NS1087926 ( Commercial Sale )
    • Street Address: 1015 Ridgewood Avenue
    • Viewed: 29
    • Price: $525,000
    • Price sqft: $261
    • Waterfront: No
    • Year Built: 1976
    • Bldg sqft: 2009
    • Days On Market: 24
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    Features
    Building and Construction
    • Covered Spaces: 0.00
    • Flooring: Tile
    • Living Area: 1957.00
    Property Information
    • Property Condition: Completed
    Land Information
    • Lot Features: Central Business District, Corner Lot, Oversized Lot
    Garage and Parking
    • Garage Spaces: 0.00
    • Open Parking Spaces: 0.00
    • Parking Features: Ground Level
    Eco-Communities
    • Water Source: Public
    Utilities
    • Carport Spaces: 0.00
    • Cooling: Central Air
    • Heating: Central, Electric
    • Road Frontage Type: Business District, City Street, Divided Highway, Turn Lanes
    • Sewer: Public Sewer
    Finance and Tax Information
    • Home Owners Association Fee: 0.00
    • Insurance Expense: 0.00
    • Net Operating Income: 0.00
    • Other Expense: 0.00
    • Tax Year: 2025
    Other Features
    • Country: US
    • Legal Description: LOTS 1 2 & 3 EXC W 34 FT IN RD & LOT 5 BLK A TURGOT TERRACE MENDALL HOMESTEAD PER OR 4413 PG 2682 PER OR 5625 PG 3080
    • Area Major: 32132 - Edgewater
    • Occupant Type: Tenant
    • Parcel Number: 7433-06-01-0010
    • Possession: Close Of Escrow
    • Views: 29
    • Zoning Code: COMM. - B3
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