Listed by Barsottelli Prime Real Estate
$1,350,000
1092 S Ridgewood Ave
Details
Property Type Retail
Sub Type Restaurant, Shopping Center
Tenancy Multi
Remaining Term 2
Acreage 1.530
Exceptional Investment Opportunity: Positioned on a prime avenue in a high-growth area, this propert
Marketing description
Prime Commercial Assemblage - 1.53 Acres with 264 ft Frontage on US1 Notice: This listing includes two parcels that are currently in the process of being assembled. This lucrative commercial property generates over $145,000 annually from various tenants. The site is ideal for development, with excellent potential for two drive-through establishments and ample parking space. It is also perfect for major retail or medical industry use, given its proximity to the YMCA, Taco Bell, Little Caesars, and Chick-fil-A. Additionally, it is adjacent to a municipal park, enhancing its appeal. This prime location offers unparalleled business opportunities in a bustling area. Proximity: 1 hour from Orlando International Airport 2 miles from New Smyrna Beach Property Overview: This amazing commercial property is currently operating as a mechanic shop alongside automotive sales, with mobile homes located in the back part of the property. The land offers significant potential for redevelopment and expansion of commercial usage. Adding a retention pond in the back can comply with necessary retention requirements if the property is expanded.
Investment highlights
- High Traffic Area: Located at the entrance of the busy YMCA, ensuring a steady flow of potential customers.
- Versatile Usage: The land can be combined to increase commercial property usage.
- Potential for Development: Building a retention pond in the back to meet retention requirements and enhance property appeal. 2Community Redevelopment Area: This property is also located within the Community Redevelopment Area (CRA), which emphasizes the importance of revitalizing and enhancing the community. Being part of the CRA provides additional opportunities for incentives and support for redevelopment projects, making this property an even more attractive investment.
Listing Contacts
Listed by Barsottelli Prime Real Estate
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