328 N Ridgewood Avenue, Edgewater, FL 32132 (MLS# 1207594)

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

Overview

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

Listing Details MLS# 1207594

General Property Information

Building Area Total: 7800
Year Built: 1982
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.
List Price/SqFt: 153.85

Property Features

Lot Features: Other Parking Features: Other Sale Includes: Building & Land

Contract Information

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

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

More Information

Currently Not Used

Year Built: 1982

Lot Features

Other: Yes

Parking Features

Other: Yes

Sale Includes

Building & Land: Yes

Listing Office: SVN Alliance Commercial Real Estate Advisors

Last Updated: December - 30 - 2025

Information deemed reliable but not guaranteed.

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