400 S Ridgewood Avenue, Edgewater, FL 32132 (MLS# 550612)

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

Overview

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.

Listing Details MLS# 550612

General Property Information

Number Of Units Total: Yes
Building Area Total: 8608
Year Built: 1969
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.
Lot Size Dimensions: 75638
List Price/SqFt: 104.55
Sold Price/SqFt: 98.75

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

Contract Information

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

Income and Expenses

Gross Income: 103200
Net Operating Income: 95200

More Information

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

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: Yes
Concrete: Yes
Stucco: Yes

Cooling

Central Air: Yes

Current Use

Mixed Use: Yes

Electric

200+ Amp Service: Yes

Heating

Central: Yes
Electric: Yes

Owner Pays

Electricity: Yes
Grounds Care: Yes
HVAC Maintenance: Yes
Insurance: Yes
Janitorial Service: Yes
Pest Control: Yes
Taxes: Yes
Trash Collection: Yes

Road Frontage Type

City Street: Yes
Highway: Yes
Other: Yes

Roof

Other: Yes

Security Features

Fire Alarm: Yes
Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Utilities

Separate Electric Meters: Yes
Separate Water Meters: Yes

Water Source

Public: Yes

Building Features

Loading Dock: Yes
Private Restroom: Yes

Business Type

Commercial: Yes
Mixed: Yes
Professional Service: Yes
Professional/Office: Yes
Restaurant: Yes
Warehouse: Yes
Wholesale: Yes
Other: Yes

Sale Includes

Building & Land: Yes

Listing Office: Coldwell Banker Commercial

Last Updated: June - 25 - 2025

Information deemed reliable but not guaranteed.

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