This property is a great opportunity for either a professional office, a home, or both. Located on a busy corner lot and surrounded by longstanding and successful businesses, it has excellent visibility with convenient access for customers coming from all directions.
The building falls in Edgewater’s B3 Highway Commercial District, which is extremely flexible, allowing for many different business types. The property is also located in the CRA (Community Redevelopment Area), which provides additional incentives to local business owners.
The block building has 2 rooms being used as offices, a large reception area (or living space), a third room as an additional office, and a full kitchen. There are one and a half bathrooms, a garage, a large storage shed, and a fenced yard.
New roof in 2018. New A/C system in 2022. This location allows for high traffic/visibility (25,500+ Average Daily Traffic) but is also close to a slower-paced and more scenic route on Riverside Dr.
409 N Ridgewood AVENUE, Edgewater, FL, 32132
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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