2111-2146 S Ridgewood Avenue, Edgewater, FL 32141 (MLS# 1094599)

2111-2146 S Ridgewood Avenue, Edgewater, FL 32141

$2,375,000

Property Type: Commercial Sale Square Footage: 38,977 Lot Size (sq. ft.): 218,236 Status: Closed

Current Price: $2,375,000 List Date: 3/22/2022 Last Modified: 9/28/2024

Overview

Description

SUBJECT PROPERTY CONSISTS OF FOUR COMMERCIAL RENTAL BUILDINGS COLLECTIVELY ENTAILING 38,977 SF OF LEASED SPACE (32 UNITS IN ALL) WITH AMPLE PARKING AREA BETWEEN ALL OF THE STRUCTURES. THE ENTIRE PROPERTY IS COMPRISED OF TWO MAIN PARCELS BETTER KNOWN AS THE ''RIVERSIDE VILLAGE'' (PARCEL A) AND THE ''RIVERSIDE PLAZA'' (PARCEL B), EACH OF WHICH BEING SITUATED UPON A TOTAL AREA OF ~5.01 ACRES OF LAND AT A SIGNALIZED INTERSECTION WITH AN AADT VOLUME OF ~25,000. THE BUILDINGS ON PARCEL ''A'' WERE EACH CONSTRUCTED IN 1996 & 1998, RESPECTIVELY, WHEREAS THE BUILDINGS LOCATED ON PARCEL ''B'' WERE EACH CONSTRUCTED SIMULTANEOUSLY IN 2008. ANY AND ALL INTERESTED PARTIES MUST EXECUTE AN NDA (NON-DISCLOSURE AGREEMENT) PRIOR TO OBTAINING ANY FINANCIAL INFORMATION, AND OTHER RELEVANT INFORMATION ON HAND.

Listing Details MLS# 1094599

General Property Information

Number Of Units Total: 32
Building Area Total: 38977
Year Built: 1996
Lot Size Acres: 5.01
Lot Size Dimensions: ~479 FT WIDE BY ~500 FT AVG DEPTH
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: HEADING SOUTH ON US 1 SOUTH OF SR 442, GO TO S RIVERSIDE DRIVE INTERSECTION AND THEN LEFT TO THE PROPERTY.
Public Remarks: SUBJECT PROPERTY CONSISTS OF FOUR COMMERCIAL RENTAL BUILDINGS COLLECTIVELY ENTAILING 38,977 SF OF LEASED SPACE (32 UNITS IN ALL) WITH AMPLE PARKING AREA BETWEEN ALL OF THE STRUCTURES. THE ENTIRE PROPERTY IS COMPRISED OF TWO MAIN PARCELS BETTER KNOWN AS THE ''RIVERSIDE VILLAGE'' (PARCEL A) AND THE ''RIVERSIDE PLAZA'' (PARCEL B), EACH OF WHICH BEING SITUATED UPON A TOTAL AREA OF ~5.01 ACRES OF LAND AT A SIGNALIZED INTERSECTION WITH AN AADT VOLUME OF ~25,000. THE BUILDINGS ON PARCEL ''A'' WERE EACH CONSTRUCTED IN 1996 & 1998, RESPECTIVELY, WHEREAS THE BUILDINGS LOCATED ON PARCEL ''B'' WERE EACH CONSTRUCTED SIMULTANEOUSLY IN 2008. ANY AND ALL INTERESTED PARTIES MUST EXECUTE AN NDA (NON-DISCLOSURE AGREEMENT) PRIOR TO OBTAINING ANY FINANCIAL INFORMATION, AND OTHER RELEVANT INFORMATION ON HAND.
List Price/SqFt: 72.58
Sold Price/SqFt: 60.93

Property Features

Building Features: Showroom Business Type: Commercial; Professional Service; Professional/Office; Recreation; Retail; Wholesale Construction Materials: Block; Concrete; Stucco Cooling: Central Air Current Use: Retail; Shopping Center Heating: Central Location: Shopping Center Road Frontage Type: City Street; Highway; Other Roof: Other Sale Includes: Building & Land Sewer: Public Sewer Utilities: Separate Electric Meters Water Source: Public

Contract Information

Listing Contract Date: 2022-03-18
Property Sub Type: Business

Location Tax and Legal

Street Number: 2111-2146
Street Direction Prefix: S
Street Name: Ridgewood
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32141
MLS Area Major: 80 - Edgewater

Status Change Information

Major Change Timestamp: 2022-06-21T16:17:11Z
Major Change Type: Status Change
Contingent Date: 2022-04-19
Purchase Contract Date: 2022-04-19
Close Date: 2022-06-21
Close Price: 2375000

Building Features

Ceiling Eve Height: 7 - 10 Feet High
Maximum Ceiling Height: 94
Vac Off/Retail SqFt: 38977
Showroom: Yes

More Information

Historical Information

Public Historical Remarks 1: Road Type: Asphalt; Zoning (Text): B-3, HWY COMMERCIAL; # Parking: 80; Included in Sale: Signs - Owned; Lease Provisions: Less than 1 Year; Meters: # Electric Meters: 32; Parking: Paved; SqFt - Total: 38977.00; Utilities at Site: Single Phase; Confidential Listing: N; Highway Access: Yes; % Occupancy: 97.00; Road Frontage: 479.00; Depth: 500.00; Commercial Property Name: RIVERSIDE VILLAGE; Financial Package: Yes; Franchise Opt In: No; Current # Tenant: 32.0000

Location, Tax, and Legal

Country: US
Parcel Number: 8402-00-00-0135, 8402-00-00-0131
Tax Annual Amount: 38355
Tax Year: 2021
Tax Legal Description: See Lengthy Legals Attached In Documents.

Currently Not Used

Year Built: 1996

Construction Materials

Block: Yes
Concrete: Yes
Stucco: Yes

Cooling

Central Air: Yes

Current Use

Retail: Yes
Shopping Center: Yes

Heating

Central: Yes

Road Frontage Type

City Street: Yes
Highway: Yes
Other: Yes

Roof

Other: Yes

Sewer

Public Sewer: Yes

Utilities

Separate Electric Meters: Yes

Water Source

Public: Yes

Business Type

Commercial: Yes
Professional Service: Yes
Professional/Office: Yes
Recreation: Yes
Retail: Yes
Wholesale: Yes

Location

Shopping Center: Yes

Sale Includes

Building & Land: Yes

Listing Office: NSB Homes LLC

Last Updated: September - 28 - 2024

Information deemed reliable but not guaranteed.

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