NNN Commercial Building on Hard Corner Edgewater FL
2905 Indian River Blvd Indian River Boulevard
Edgewater, FL 32132
FOR SALE
NNN Property
Property Type:
Single Tenant OfficeAmount:
$995,000
Cap Rate:
7.00%Last Verified:
Nov 06, 2024Daily Email Blast
1 time
Daily Blasts Dates
Nov 06, 2024 16:01:19
Located at 2905 W Indian River Blvd in Edgewater, FL, this fully leased 0.43-acre commercial property provides a stable investment opportunity. Currently occupied by an insurance company, the site offers 18,731 SF of flat, usable land with a 2,275 SF single-story office building built in 1993. Positioned on a corner with 130 ft frontage on W Indian River Blvd and 168 ft on Air Park Rd, the property enjoys high visibility and accessibility with over 18,900 daily vehicle views, supported by nearby signalized intersections. Zoned for Highway Commercial (B-3), it is well-suited for high-traffic office or retail uses, with surrounding enhancements like sidewalks, lighting, and paved roads. This property is located in flood Zone X, free from flood risks, and features 10 surface parking spaces with a ratio of 4.4 per 1,000 SF. Edgewater is a vibrant area near New Smyrna Beach and Orlando, known for its industrial base and recreational appeal, including the Parktowne Industrial Center and scenic Riverwalk along the Indian River.