Listed by SVN | Alliance Commercial Real Estate Advisors
$1,300,000
N Ridgewood Ave & Pearl St
Details
APN 52-17-34-01-00-0190,0192, 0193, 0194, 0195,0200
Property Type Land
Sub Type Commercial, Development Site
Acreage 13.500
Zoning R-4/R-5 (Multifamily Residential)
N Ridgewood Ave & Pearl St
Marketing description
Located in an OPPORTUNITY ZONE! Edgewater Oaks is a 13.5+/- acre previously entitled, infill development site located in Edgewater, FL. The project was once fully engineered and approved for 130 two-story townhouses (20' wide typical). Ideally located on the NWC of N Ridgewood Ave (US Hwy 1) & Pearl St, just one mile south of New Smyrna Beach. This project would be perfect for a 55+ senior or workforce housing community. Edgewater Oaks is surrounded by development with easy access to retail, recreation and medical providers.
Investment highlights
- Opportunity Zone Property
- Previously entitled, infill development site in Edgewater, FL
- 13.5+/- Acres are high and dry
- Engineered plans call for 130 two-story townhouse units (20' wide typical)
- Townhouses are approximately 1,800 SF with single car garages (can be revised)
- Perfect location for 55+ senior or workforce housing
- Can be developed as fee simple townhouse or a rental project
- Utility capacity and all concurrency was previously approved
Listing Contacts
Listed by SVN | Alliance Commercial Real Estate Advisors
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
