1015 S RIDGEWOOD AVENUE, EDGEWATER, FL 32132
TURGOT TERRACE MENDALL HOMESTEAD · Volusia County
Key Facts
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 Information
Property Type
Commercial Sale
Year Built
1976
Stories
1
Living Area
2,009 sq ft
Lot Size
0.66 acres
Lot Dimensions
200 x 145
Ownership
Fee Simple
Zoning
COMM. - B3
Days on Market
52
MLS® Listing#
NS1087926
Property Features
Cooling
Heating
Flooring
Lot Features
Construction
Foundation
Sewer
Water Source
Financial Details
Annual Taxes
$6,557
Tax year 2025
Parcel Number
7433-06-01-0010
Directions
South on Ridgewood Ave. to address on the east side at the intersection of Turgot and S. Ridgewood Ave.
Affordability Calculator
$105,000
Estimated monthly payment
$2,794/mo
Principal $420,000 · Est. interest $585,937 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in EDGEWATER, FL
- $332,500
- Median Listing Price
- 66
- Median Days on Market
- 1,649
- Median Sq Ft
- $203
- Median Price / Sq Ft
- 248
- Active Listings
- This home’s price is 58% above the area median.
- Its price per sq ft is 29% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in EDGEWATER, FL.
Location
Points of Interest in EDGEWATER, FL
Showing the EDGEWATER area map.
Nearby Schools
Edgewater Public School
Elementary · 0.4 mi away
Northwest Lineman Center
Secondary · 1.3 mi away
Kid City USA - Edgewater
School · 1.4 mi away
Little Explorers Montessori
Elementary · 1.4 mi away
St Paul's Preschool
School · 1.9 mi away
Coronado Beach Elementary School
Elementary · 2.0 mi away
New Smyrna Beach Middle School
Secondary · 2.0 mi away
Read-Pattillo Elementary School
Elementary · 2.2 mi away
New Smyrna Beach Barracuda Band & Alumni
School · 2.3 mi away
New Smyrna Beach High School
Secondary · 2.3 mi away
Indian River Elementary School
Elementary · 2.5 mi away
Cormeth Day School
School · 3.8 mi away
Chisholm Elementary School
Elementary · 3.8 mi away
Oak Hill Academy
School · 8.7 mi away
Burns Science and Technology Charter School
School · 8.9 mi away
Wise Private School
School · 10.0 mi away
Creekside Middle School
Secondary · 10.3 mi away
Cypress Creek Elementary School
Elementary · 10.3 mi away
Commonwealth Christian Academy
School · 10.4 mi away
Spruce Creek Elementary School
Elementary · 10.6 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2603 TAMARIND DRIVE, EDGEWATER, FL | $367,500 | 3 | 2 | 1,790 |
| 3963 WILLOWBROOK DRIVE, EDGEWATER, FL | $368,999 | 4 | 2 | 1,935 |
| 3963 Willowbrook Drive, Edgewater, FL | $369,000 | 4 | 2 | 1,935 |
| 1809 MYRTLEBROOKE DRIVE, EDGEWATER, FL | $374,900 | 5 | 3 | 2,674 |
| 1809 Myrtlebrooke Drive, Edgewater, FL | $374,900 | 5 | 3 | 2,674 |
| 111 VALENCIA DRIVE, EDGEWATER, FL | $375,000 | 3 | 2 | 1,040 |
Moving Cost Estimate
EXIT Agents in EDGEWATER
Listing Courtesy: THE BARNETT GROUP, INC. - 386-426-7234
Last Updated: 2026-04-14