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2905 W Indian River Blvd

2,275 SF Office Building Edgewater, FL 32132 £785,055 (£345/SF) 6.81% Net Initial Yield

Executive Summary

This 0.43-acre commercial property at 2905 W Indian River Blvd, Edgewater, FL, currently serves as an office space leased to an insurance company. The site offers 18,731 SF of level, fully usable land with a rectangular shape and on-site drainage. Positioned at a corner with frontage on W Indian River Blvd (130 ft) and Air Park Rd (168 ft), it benefits from signalized intersections nearby, improving accessibility with
a traffic count exceeding 18,900 cars daily. All utilities are available, with surrounding improvements like sidewalks, lighting, and paved roadways. Zoned B-3 for highway commercial use, this property suits hightraffic retail or office developments with no minimum parcel size required. Situated outside the flood hazard area in Zone X, there are no environmental or physical constraints on development. Neighboring residential and vacant lands provide a stable setting for future commercial use.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
2,275 SF
Building Class
B
Year Built
1993
Price
£785,055
Price Per SF
£345
Net Initial Yield
6.81%
NOI
£53,494
Tenancy
Single
Number of Floors
1
Typical Floor Size
2,275 SF
Building FAR
0.12
Land Acres
0.43 AC
Zoning
B3
Parking
10 Spaces (4.4 Spaces per 1,000 SF Leased)

Amenities

  • Fenced Lot
  • Security System
  • Signage
  • Reception
  • Air Conditioning
  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 2,275 SF
  • Office
  • Full Build-Out
  • 90 Days

This 0.43-acre commercial property at 2905 W Indian River Blvd, Edgewater, FL, currently serves as an office space leased to an insurance company. The site offers 18,731 SF of level, fully usable land with a rectangular shape and on-site drainage. Positioned at a corner with frontage on W Indian River Blvd (130 ft) and Air Park Rd (168 ft), it benefits from signalized intersections nearby, improving accessibility with a traffic count exceeding 18,900 cars daily. All utilities are available, with surrounding improvements like sidewalks, lighting, and paved roadways. Zoned B-3 for highway commercial use, this property suits high traffic retail or office developments with no minimum parcel size required. Situated outside the flood hazard area in Zone X, there are no environmental or physical constraints on development. Neighboring residential and vacant lands provide a stable setting for future commercial use.

Space Size Space Use Condition Available
1st Floor 2,275 SF Office Full Build-Out 90 Days

1st Floor

Size
2,275 SF
Space Use
Office
Condition
Full Build-Out
Available
90 Days

1st Floor

Size 2,275 SF
Space Use Office
Condition Full Build-Out
Available 90 Days

This 0.43-acre commercial property at 2905 W Indian River Blvd, Edgewater, FL, currently serves as an office space leased to an insurance company. The site offers 18,731 SF of level, fully usable land with a rectangular shape and on-site drainage. Positioned at a corner with frontage on W Indian River Blvd (130 ft) and Air Park Rd (168 ft), it benefits from signalized intersections nearby, improving accessibility with a traffic count exceeding 18,900 cars daily. All utilities are available, with surrounding improvements like sidewalks, lighting, and paved roadways. Zoned B-3 for highway commercial use, this property suits high traffic retail or office developments with no minimum parcel size required. Situated outside the flood hazard area in Zone X, there are no environmental or physical constraints on development. Neighboring residential and vacant lands provide a stable setting for future commercial use.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8438-01-00-2620
Land Assessment
£51,828 (2024)
Improvements Assessment
£251,026 (2024)
Total Assessment
£302,853 (2024)
  • Listing ID: 33754047

  • Date on Market: 05/11/2024

  • Last Updated:

  • Address: 2905 W Indian River Blvd, Edgewater, FL 32132

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