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N Ridgewood Ave - Edgewater Oaks
13.5 Acres of Residential Land Offered at $1,300,000 in Edgewater, FL 32132
Investment Highlights
- OPPORTUNITY ZONE PROPERTY!
- 13.5+/- acres are high and dry
- Existing zoning allows friendly permitting in the City of Edgewater
- Previously entitled, infill development site in Edgewater, FL
- Engineered plans call for 130 two-story townhouse units (20' wide typical)
- Utility capacity and all concurrency was previously approved
Executive Summary
Located on the NWC of N Ridgewood Ave (US Hwy 1) & Pearl St
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
Existing zoning allows friendly permitting in the City of Edgewater
Property Facts Under Contract
| Price | $1,300,000 | Property Subtype | Residential |
| Sale Type | Investment | Total Lot Size | 13.50 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | $1,300,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 13.50 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $1,300,000 | Lot Size | 13.50 AC |
| Price Per AC | $96,296.30 |
| Price | $1,300,000 |
| Price Per AC | $96,296.30 |
| Lot Size | 13.50 AC |
Located on the NWC of N Ridgewood Ave (US Hwy 1) & Pearl St. Previously entitled infill development site. Project was once fully engineered and approved for 130 two-story townhouses.
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. 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 Existing zoning allows friendly permitting in the City of Edgewater
PROPERTY TAXES
| Parcel Number | 7452-01-00-0200 | Improvements Assessment | $0 |
| Land Assessment | $226,500 | Total Assessment | $226,500 |
PROPERTY TAXES
zoning
| Zoning Code | R-4/R-5 (Residential) |
| R-4/R-5 (Residential) |
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N Ridgewood Ave - Edgewater Oaks
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