Edgewater Portfolio | 39,000 SF | Retail Retail FOR SALE


Edgewater, FL
$5,900,000 USD
904-672-1443
, Edgewater, FL for Sale
$5,900,000 USD
Retail - FOR SALE
1/39
null | 7.35% Cap Rate

Edgewater Portfolio | 39,000 SF | Retail
Edgewater, FL


HIGHLIGHTS

  • Located Along Highly Trafficked US-1 Federal Highway | S Ridgewood Ave
  • Value Add Opportunity Through Triple Net Lease Conversion and raising current leases to market rate
  • 36 Total Units, Each Unit is 850 SF
  • 10 New Residential Developments in a 5 Mile Radius by Dr Horton, Lennar, and Local Builders
  • Diverse And Established Tenants Catering To Local Demand
  • Priced Below Replacement Cost at $152 Per Square Foot

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire the Belmont & Edgewater Portfolio, two prime shopping strips strategically located at 2102 & 2120 S Ridgewood Ave, Edgewater, FL 32141. Situated along the high-traffic Ridgewood Ave corridor, this well-established portfolio benefits from exceptional visibility, a strong and diversified tenant mix, and an advantageous location in one of Edgewater’s fastest-growing commercial districts. This portfolio is anchored by a mix of established tenants catering to the daily needs of both local residents and visitors. Positioned near major residential neighborhoods, schools, and downtown Edgewater, the properties enjoy consistent foot traffic and offer ample parking. Flexible lease terms and untapped potential for future tenant improvements or redevelopment present a compelling opportunity for investors seeking long-term stable income and significant value-add potential.

ASK ABOUT THIS PROPERTY

Simon GrigoryanMarcus & Millichap | Simon Retail GroupMore Info
904-672-1443

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Simon GrigoryanMarcus & Millichap | Simon Retail GroupMore Info
904-672-1443

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.