124 S Ridgewood Avenue, Edgewater, FL 32132
$1,000,000
Property Type:
Commercial Sale
Square Footage:
3,872
Lot Size (sq. ft.):
10,890
Status:
Closed
Current Price:
$1,000,000
List Date:
7/28/2023
Last Modified:
9/28/2024
Description
Profitable 16+ year well established solid successful retail flooring business offered with property AND adjacent property with storefront to expand or sublease to another user and located in a high traffic area of Ridgewood Ave./US1 in Edgewater. This retail flooring store has been owned by current owner since the beginning and he is ready to retire and is seeking a new owner to continue the business growth. Owner has operated the business as a sole owner operator and has great relationships with independent installers/contractors. Included in the sale is goodwill, business name, showroom samples and displays, all equipment, warehouse equipment, inventory and office equipment. This is truly a ''turn-key'' profitable business opportunity with Seller willing to assist with business
Supplements: transition. The sale includes both parcels. 124 S. Ridgewood Ave which includes the flooring retail office, showroom and warehouse on corner lot with storefront fronting high traffic area of Ridgewood Ave./US1 with AADT of 27,500. 108 S. Ridgewood Ave. presents with a showroom/office with storefront and a 2-bedroom 1.5 bath with single car garage. This property can be used as owner/employee residency or can be leased for additional residential and/or business income. The property is located in the CRA District as well as the Opportunity Zone. Edgewater is a growing community with over 30 non-residential projects in the pipeline and 21 residential developments with over 11,000 homes in process.
More Information MLS# 1112098
General Property Information
Lot Size Acres: 0.25
Number Of Units Total: 2
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: South on US1/Ridgewood into Edgewater. It is the block on west side south of Park Ave. intersection.
Public Remarks: Profitable 16+ year well established solid successful retail flooring business offered with property AND adjacent property with storefront to expand or sublease to another user and located in a high traffic area of Ridgewood Ave./US1 in Edgewater. This retail flooring store has been owned by current owner since the beginning and he is ready to retire and is seeking a new owner to continue the business growth. Owner has operated the business as a sole owner operator and has great relationships with independent installers/contractors. Included in the sale is goodwill, business name, showroom samples and displays, all equipment, warehouse equipment, inventory and office equipment. This is truly a ''turn-key'' profitable business opportunity with Seller willing to assist with business
Building Area Total: 3872
Lot Size Dimensions: 120x100
List Price/SqFt: 284.09
Sold Price/SqFt: 258.26
Year Built: 1950
Location, Tax, and Legal
Country: US
Parcel Number: 7452-11-01-0170
Tax Annual Amount: 2877
Tax Year: 2022
Tax Legal Description: S 43 FT OF LOT 17 EXC RD RWY BLK 1 FULLER & SETTLE SUB ALVAREZ GRANT MB 8 PG 63 PER OR 4885 PGS 2584-2585 PER OR 5848 PG 3841 PER OR 5947 PG 2166 PER OR 7459 PG 0137
Zoning Description: Other
Currently Not Used
Year Built: 1950
Status Change Information
Contingent Date: 2023-09-25
Major Change Timestamp: 2023-12-31T19:02:14Z
Major Change Type: Status Change
Purchase Contract Date: 2023-09-25
Close Date: 2023-12-29
Close Price: 1000000
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Current Use
Mixed Use: 1
Retail: 1
Electric
200+ Amp Service: 1
Heating
Central: 1
Electric: 1
Income and Expenses
Gross Scheduled Income: 154744
Road Frontage Type
Highway: 1
Other: 1
Roof
Metal: 1
Sewer
Public Sewer: 1
Utilities
Separate Electric Meters: 1
Water Source
Public: 1
Building Features
Ceiling Eve Height: 11 - 14 Feet High
Kitchen Facilities: 1
Maximum Ceiling Height: 14
Showroom: 1
Vac Off/Retail SqFt: 1392
Vac Warehouse SqFt: 1148
Business Type
Auto Service: 1
Commercial: 1
Industrial: 1
Manufacturing: 1
Mixed: 1
Professional Service: 1
Professional/Office: 1
Retail: 1
Warehouse: 1
Wholesale: 1
Other: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): Highway Commercial; Interior Improvement: Display Window, Ground Level Door; Included in Sale: Business Name, Corporation, Good Will, Signs - Owned; Meters: # Electric Meters: 2; Parking: Paved; SqFt - Total: 11080.00; Site Improvements: Curb/Sidewalks; Utilities at Site: Single Phase; Confidential Listing: N; Highway Access: Yes, corner lot; % Occupancy: 50.00; Road Frontage: 120.00; Depth: 100.00; Commercial Property Name: All About Floors; Franchise Opt In: No
Contract Information
Current Price: $1,000,000
Sold Price: $1,000,000
Status: Closed
Listing Contract Date: 2023-07-28
Property Sub Type: Business
Location Tax and Legal
Street Number: 124
Street Direction Prefix: S
Street Name: Ridgewood
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32132
MLS Area Major: 80 - Edgewater
Property Features
Building Features: Kitchen Facilities; Showroom
Business Type: Auto Service; Commercial; Industrial; Manufacturing; Mixed; Professional Service; Professional/Office; Retail; Warehouse; Wholesale; Other
Construction Materials: Block; Concrete
Cooling: Central Air
Current Use: Mixed Use; Retail
Electric: 200+ Amp Service
Heating: Central; Electric
Road Frontage Type: Highway; Other
Roof: Metal
Sale Includes: Building & Land
Sewer: Public Sewer
Utilities: Separate Electric Meters
Water Source: Public
Listing Office:
The Barnett Group Inc.
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.