400 S Ridgewood Avenue, Edgewater, FL 32132
$850,000
Property Type:
Commercial Sale
Square Footage:
8,608
Status:
Closed
Current Price:
$850,000
List Date:
10/24/2013
Last Modified:
6/25/2025
Description
This building is Leased by the US Postal Service and is utilized as the Edgewater Post Office. The Lease expires on 12/31/2016.It is concrete block construction in excellent condition. The whole building is air-conditioned with almost new 12 and 15 ton units. The back approximately 1/2 of the building is warehouse and the front 1/2 is lobby and offices.This is a great investment with a rate of return in the 10% range plus the depreciation return.
More Information MLS# 550612
General Property Information
Number Of Units Total: 1
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: Located on US 1 in about the center of Edgewater
Public Remarks: This building is Leased by the US Postal Service and is utilized as the Edgewater Post Office. The Lease expires on 12/31/2016.It is concrete block construction in excellent condition. The whole building is air-conditioned with almost new 12 and 15 ton units. The back approximately 1/2 of the building is warehouse and the front 1/2 is lobby and offices.This is a great investment with a rate of return in the 10% range plus the depreciation return.
Building Area Total: 8608
Lot Size Dimensions: 75638
List Price/SqFt: 104.55
Sold Price/SqFt: 98.75
Year Built: 1969
Location, Tax, and Legal
Country: US
Parcel Number: 745209010011
Tax Annual Amount: 12826
Tax Year: 2012
Tax Legal Description: -LOTS 401 TO 406 INC HAWKS PARK MB 1 PG 156 & BLK 1 EXC US 1R/W & EXC IRREG PARCEL IN E 112.36 FT MEAS ON N/L W OF US 1OF S 120.31 FT MEAS ON W/L N OF OCEAN AVE IN LOTS 401 TO403 INC
Currently Not Used
Year Built: 1969
Construction Materials
Block: 1
Concrete: 1
Stucco: 1
Cooling
Central Air: 1
Current Use
Mixed Use: 1
Electric
200+ Amp Service: 1
Heating
Central: 1
Electric: 1
Income and Expenses
Gross Income: 103200
Net Operating Income: 95200
Owner Pays
Electricity: 1
Grounds Care: 1
HVAC Maintenance: 1
Insurance: 1
Janitorial Service: 1
Pest Control: 1
Taxes: 1
Trash Collection: 1
Road Frontage Type
City Street: 1
Highway: 1
Other: 1
Roof
Other: 1
Security Features
Fire Alarm: 1
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Utilities
Separate Electric Meters: 1
Separate Water Meters: 1
Water Source
Public: 1
Building Features
Loading Dock: 1
Private Restroom: 1
Business Type
Commercial: 1
Mixed: 1
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Warehouse: 1
Wholesale: 1
Other: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): Commercial; Bldg Type/Location: Free Standing; # Parking: 55; Income/Operating Inc: Blend Rate: 95200, NOI: 95200; Meters: # Electric Meters: 1, # Water Meters: 1; Parking: Lighted, Paved; Special Conditions: Right of 1st Refusal; SqFt - Total: 75638.00; Site Improvements: Curb/Sidewalks, Road Cut; Utilities at Site: Three Phase; Confidential Listing: N; Highway Access: yes; % Occupancy: 100.00; Road Frontage: 170.00; Commercial Property Name: Leased by US Post Of; Financial Package: No; Franchise Opt In: No
Contract Information
Current Price: $850,000
Sold Price: $850,000
Status: Closed
Listing Contract Date: 2013-10-23
Property Sub Type: Business
Location Tax and Legal
Street Number: 400
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: 2015-04-18T14:51:48Z
Major Change Type: Status Change
Purchase Contract Date: 2015-02-10
Close Date: 2015-04-17
Close Price: 850000
Property Features
Building Features: Loading Dock; Private Restroom
Business Type: Commercial; Mixed; Professional Service; Professional/Office; Restaurant; Warehouse; Wholesale; Other
Construction Materials: Block; Concrete; Stucco
Cooling: Central Air
Current Use: Mixed Use
Electric: 200+ Amp Service
Heating: Central; Electric
Owner Pays: Electricity; Grounds Care; HVAC Maintenance; Insurance; Janitorial Service; Pest Control; Taxes; Trash Collection
Road Frontage Type: City Street; Highway; Other
Roof: Other
Sale Includes: Building & Land
Security Features: Fire Alarm; Smoke Detector(s)
Sewer: Public Sewer
Utilities: Separate Electric Meters; Separate Water Meters
Water Source: Public
Listing Office:
Coldwell Banker Commercial
Last Updated: June - 25 - 2025
Information deemed reliable but not guaranteed.