Edgewater Oaks, a residential development project

$1,300,000

N Ridgewood Ave & Pearl St, Edgewater, FL 32132

For Sale

Land Residential

Active

Last Updated: 12/10/2024

Details:

Lot Area: 13.5 acres

Offered by

Chris Butera

Principal

SVN | Alliance

Request Info to Unlock

Highlights:

OPPORTUNITY ZONE PROPERTY!
Previously entitled, infill development site in Edgewater, FL
13.5+/- acres are high and dry
Engineered plans call for 130 two-story townhouse units (20' wide typical)
Townhouses are approximately 1,800 SF with single car garages (can be revised)
Perfect location for 55+ senior or workforce housing
Can be developed as fee simple townhouse or a rental project
Utility capacity and all concurrency was previously approved
Existing zoning allows friendly permitting in the City of Edgewater

Description:

Located in an OPPORTUNITY ZONE! Edgewater Oaks is a 13.5+/- acre previously entitled, infill development site located in Edgewater, FL. The project was once fully engineered and approved for 130 two-story townhouses (20' wide typical). Ideally located on the NWC of N Ridgewood Ave (US Hwy 1) & Pearl St, just one mile south of New Smyrna Beach. This project would be perfect for a 55+ senior or workforce housing community. Edgewater Oaks is surrounded by development with easy access to retail, recreation and medical providers.

Located on the NWC of N Ridgewood Ave (US Hwy 1) & Pearl St