|
Available for lease is an 856± square foot office/retail suite ideally located at 2120 S Ridgewood Avenue in Edgewater, Florida, directly on US-1, one of the area’s most prominent and highly traveled commercial corridors. This prime location offers excellent visibility and accessibility, making it a strong choice for businesses seeking consistent exposure and long-term growth potential.
The suite features a functional layout suitable for a wide range of office or retail uses, subject to zoning. The property benefits from convenient access, ample on-site parking, and close proximity to surrounding residential communities and established local businesses. The location also provides quick access to I-95, allowing easy connectivity throughout Edgewater and the greater Volusia County area.
Adding to the appeal, the property is located just minutes from the Deering Park redevelopment, a major area improvement that is expected to attract increased foot traffic, visitors, and economic activity to the surrounding corridor, further enhancing demand and visibility for nearby businesses.
The space is offered on a modified gross lease with 5% annual rental increases, providing a clear and predictable lease structure for tenants.
This is an excellent opportunity for office or retail users looking to secure space in a highly visible US-1 location positioned for future growth.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$15,408
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
|
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $12,326 | $12,326 | $12,326 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 5.875% | 5.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.112% | 6.520% | 5.415% |
| Monthly Tax Payment | $773 | $773 | $773 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $68 | $73 | $98 |
| Total Monthly Payment | $916 | $921 | $946 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.