1015 S RIDGEWOOD AVENUE at

1015 S RIDGEWOOD AVENUE

For sale Days on market 52

$525,000

$268/sq ft

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Overview

Year Built

1976

Sqft

1957

Property Type

Restaurant

Property Description

Under contract-accepting backup offers. Opportunity to acquire income-producing investment with a solid lease already in place with a recognized national chain take-out restaurant. Whether you’re an investor seeking investment returns or looking to add a low-maintenance asset to your portfolio, this property delivers strong fundamentals: high-traffic location, quality construction, and a proven national tenant already in place. Located on high-visibility corner lot on US-1 / Ridgewood Ave – one of the busiest corridors in the area with an Annual Average Daily Trip (AADT) of 27,000 and excellent accessibility with a bi-directional median cut. Low maintenance brick commercial building on a corner lot that is nicely landscaped with underground utilities and a newly resurfaced parking lot. The sale includes the building and both parcels with approximately 200’ of Ridgewood Ave. frontage. The property is located in the CRA District as well as the Opportunity Zone. The active lease is fully transferable, providing income cash flow with a nationally recognized tenant. The business operations, equipment, and inventory are owned by the restaurant and are not included in the sale. Information is assumed accurate but not guaranteed.

Property Details

MLS#

NS1087926

Total Floor in Bldg

Address

1015 RIDGEWOOD S

City

EDGEWATER

State/county

Zip/Postal Code

32132

Area

Turgot Terrace Mendall Homestead

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$6,557

Maint Fee

$--

Tax Year

2025

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