124 S Ridgewood Avenue, Edgewater, FL 32132 (MLS# 1112098)

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

Overview

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. ... (Read more)

Listing Details MLS# 1112098

General Property Information

Number Of Units Total: 2
Building Area Total: 3872
Year Built: 1950
Lot Size Acres: 0.25
Lot Size Dimensions: 120x100
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
List Price/SqFt: 284.09
Sold Price/SqFt: 258.26

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

Contract Information

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

Status Change Information

Major Change Timestamp: 2023-12-31T19:02:14Z
Major Change Type: Status Change
Contingent Date: 2023-09-25
Purchase Contract Date: 2023-09-25
Close Date: 2023-12-29
Close Price: 1000000

Building Features

Ceiling Eve Height: 11 - 14 Feet High
Maximum Ceiling Height: 14
Vac Off/Retail SqFt: 1392
Vac Warehouse SqFt: 1148
Kitchen Facilities: Yes
Showroom: Yes

More Information

Income and Expenses

Gross Scheduled Income: 154744

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

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

Construction Materials

Block: Yes
Concrete: Yes

Cooling

Central Air: Yes

Current Use

Mixed Use: Yes
Retail: Yes

Electric

200+ Amp Service: Yes

Heating

Central: Yes
Electric: Yes

Road Frontage Type

Highway: Yes
Other: Yes

Roof

Metal: Yes

Sewer

Public Sewer: Yes

Utilities

Separate Electric Meters: Yes

Water Source

Public: Yes

Business Type

Auto Service: Yes
Commercial: Yes
Industrial: Yes
Manufacturing: Yes
Mixed: Yes
Professional Service: Yes
Professional/Office: Yes
Retail: Yes
Warehouse: Yes
Wholesale: Yes
Other: Yes

Sale Includes

Building & Land: Yes

Listing Office: The Barnett Group Inc.

Last Updated: September - 28 - 2024

Information deemed reliable but not guaranteed.

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