1015 S Ridgewood Avenue
Edgewater, FL 32132

Listed at $525,000

Details

  • MLS# NS1087926
  • Commercial -
  • Status Active
  • 0 Bedrooms
  • Bathrooms
  • 2,009 Square Feet
  • 0.660 acres
  • Built in 1976
  • Local Schools

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...read more 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 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. Measurements are approximate. Buyers and their agents must verify all information that is important to them.

Features

  • Central Air
  • Tile
  • Central, Electric
  • 1.0 Story
  • $6,557 Taxes
  • Public
  • Built in 1976
View All Features

Contact the Agent

Contact the Listing Agent
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All Property Features

  • Property Type: Commercial -
  • Cooling: Central Air
  • Days on Site: 3
  • Directions: South on Ridgewood Ave. to address on the east side at the intersection of Turgot and S. Ridgewood Ave.
  • Exterior: Brick, Concrete
  • Flood Zone Code: X
  • Flooring: Tile
  • Foundation: Slab
  • Heating: Central, Electric
  • Home Warranty Y/N: No
  • Lot Description: Central Business District, Corner Lot, Oversized Lot
  • Lot Dimensions: 0.66
  • Lot Size: 0.66 Acres
  • Ownership: Fee Simple
  • Parking: Ground Level
  • Parking Notes: Ground Level
  • Property Attached Y/N: No
  • Property Sub-Type: Restaurant
  • Road Frontage: 200
  • Sewer: Public Sewer
  • Showing Instructions: Appointment Only
  • Special Sale Provisions: None
  • Stories: 1.0
  • Taxes: $6,557
  • Water: Public
  • Water Access Y/N: No
  • Year Built: 1976
  • Zoning: COMM. - B3