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Shopping Strip

Edgewater and Belmont Plaza

2102 S Ridgewood Ave, Edgewater, FL 32141

Listing Price: $5,900,000

Cap Rate
7.35%
Gross SF
39,008
Rentable SF
39,008
Price/Gross SF
$151.25
Lot Size
5.38 acres
Year Built
1985

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the Belmont & Edgewater Portfolio, two prime shopping strips strategically located at 2102 & 2120 S Ridgewood Ave, Edgewater, FL 32141. Situated along the high-traffic Ridgewood Ave corridor, this well-established portfolio benefits from exceptional visibility, a strong and diversified tenant mix, and an advantageous location in one of Edgewater’s fastest-growing commercial districts.
This portfolio is anchored by a mix of established tenants catering to the daily needs of both local residents and visitors. Positioned near major residential neighborhoods, schools, and downtown Edgewater, the properties enjoy consistent foot traffic and offer ample parking. Flexible lease terms and untapped potential for future tenant improvements or redevelopment present a compelling opportunity for investors seeking long-term stable income and significant value-add potential.

Investment Highlights

  • Located Along Highly Trafficked S Ridgewood Ave In Edgewater, FL
  • Diverse And Established Tenants Catering To Local Demand
  • Highly Visible Property With Accessible Parking For Customers
  • Priced Below Replacement Cost at $176 Per Square Foot.
  • 24 out of 26 Tenants on Gross Leases With Significantly Below Market Rates
  • 36 Total Units, Each Unit is 850 SF
  • Value Add Opportunity Through Triple Net Lease Conversion

Exclusively Listed By

Financing By

Shopping Strip

Edgewater and Belmont Plaza

Listing Price: $5,900,000

Cap Rate
7.35%
Gross SF
39,008
Rentable SF
39,008
Price/Gross SF
$151.25
Lot Size
5.38 acres
Year Built
1985

Investment Highlights

  • Located Along Highly Trafficked S Ridgewood Ave In Edgewater, FL
  • Diverse And Established Tenants Catering To Local Demand
  • Highly Visible Property With Accessible Parking For Customers
  • Priced Below Replacement Cost at $176 Per Square Foot.
  • 24 out of 26 Tenants on Gross Leases With Significantly Below Market Rates
  • 36 Total Units, Each Unit is 850 SF
  • Value Add Opportunity Through Triple Net Lease Conversion

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the Belmont & Edgewater Portfolio, two prime shopping strips strategically located at 2102 & 2120 S Ridgewood Ave, Edgewater, FL 32141. Situated along the high-traffic Ridgewood Ave corridor, this well-established portfolio benefits from exceptional visibility, a strong and diversified tenant mix, and an advantageous location in one of Edgewater’s fastest-growing commercial districts. This portfolio is anchored by a mix of established tenants catering to the daily needs of both local residents and visitors. Positioned near major residential neighborhoods, schools, and downtown Edgewater, the properties enjoy consistent foot traffic and offer ample parking. Flexible lease terms and untapped potential for future tenant improvements or redevelopment present a compelling opportunity for investors seeking long-term stable income and significant value-add potential.

Exclusively Listed By

Financing By

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