328 N Ridgewood Avenue, Edgewater, FL 32132
$1,200,000
Property Type:
Commercial Sale
Square Footage:
7,800
Lot Size (sq. ft.):
23,000
Status:
Active
Current Price:
$1,200,000
List Date:
3/04/2025
Last Modified:
12/30/2025
Description
8.5% PRO FORMA CAP RATE
Located in the quickly growing city of Edgewater, this office/warehouse space is suitable for investors or owner users. 0.53ac parcel with 7800sf warehouse/office space on busy US-1. Current owner converting renewing tenants to NNN leases. Ability for year two 8.5% cap rate by optimizing rents, leasing the owner-occupied warehouse and office space, and converting additional tenants to NNN leases. Owner/user would benefit from 6k square feet of office space and small bay warehouse in the rear of the building, with ability to sublet unused space to office tenants.
Supplements: 1.84 acres+/- w/ prime road frontage on US-1 1.3 acres adjacent land can be developed(340 RW) B-3 Highway Commercial Zoning - Edgewater 20+ parking spaces 3 bay warehouse(1,800 SF)-currently vacant, easy to rent 2023 HVAC, gutters, and soffits - 2016 roof Additional land parcel may be sold sepaarately
More Information MLS# 1207594
General Property Information
Lot Size Acres: 0.528
Water Body Access YN: No
Waterfront YN: No
Directions: Discover the dynamic investment potential of the Daytona-Ormond Beach, FL MSA market, where the property is located. This vibrant area is a hotspot for commercial real estate investors, offering a strategic location and a thriving business environment.
Public Remarks: 8.5% PRO FORMA CAP RATE
Located in the quickly growing city of Edgewater, this office/warehouse space is suitable for investors or owner users. 0.53ac parcel with 7800sf warehouse/office space on busy US-1. Current owner converting renewing tenants to NNN leases. Ability for year two 8.5% cap rate by optimizing rents, leasing the owner-occupied warehouse and office space, and converting additional tenants to NNN leases. Owner/user would benefit from 6k square feet of office space and small bay warehouse in the rear of the building, with ability to sublet unused space to office tenants.
Building Area Total: 7800
List Price/SqFt: 153.85
Year Built: 1982
Location, Tax, and Legal
Country: US
Parcel Number: 7450-01-00-0210
Tax Annual Amount: 14286
Tax Year: 2024
Tax Legal Description: E 305 FT OF LOT 21 & E 305 FT OF N 10 FT OF LOT 22 W OF US 1 EXC W 75 FT MEAS ON N/L SHEPPARD & SANCHEZ GRANT MB 3 PG 49 MB 14 PG 99 PER OR 5203 PG 2433 PER OR 7027 PG 4225
Currently Not Used
Year Built: 1982
Lot Features
Other: 1
Parking Features
Other: 1
Sale Includes
Building & Land: 1
Contract Information
Current Price: $1,200,000
List Price: $1,200,000
Status: Active
Listing Contract Date: 2025-01-08
Property Sub Type: Office
Location Tax and Legal
Street Number: 328
Street Direction Prefix: N
Street Name: Ridgewood
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32132
MLS Area Major: 80 - Edgewater
Status Change Information
Major Change Timestamp: 2025-03-04T22:01:12Z
Major Change Type: Back on Market
Property Features
Lot Features: Other
Parking Features: Other
Sale Includes: Building & Land
Listing Office:
SVN Alliance Commercial Real Estate Advisors
Last Updated: December - 30 - 2025
Information deemed reliable but not guaranteed.