Active

112 E Park Avenue

Edgewater, FL 32132

$849,900 $3,583/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

716

Sqft

Description

An investment opportunity is only as valuable as the number of ways it can create returns. This three-parcel assemblage in the heart of Edgewater delivers exactly that. Offered as a single sale, 108, 112, and 114 E Park Avenue encompass approximately 25,850 square feet (0.59± acres) of contiguous land just moments from the Indian River, creating a rare mixed-use opportunity in one of East Volusia County's most active waterfront corridors. Whether your strategy is cash flow, redevelopment, business expansion, or long-term land appreciation, this package offers multiple paths to value creation. The commercial anchor at 108 E Park Avenue is currently operating as a 1,592-square-foot bait and tackle shop, thoughtfully divided into three functional spaces and positioned on the direct route to George R. Kennedy Memorial Park's public boat launch, fishing pier, and kayak launch, where anglers, boaters, and paddlers access the Indian River Lagoon every day. Edgewater has also earned recognition as Volusia County's first designated Blueway Community, drawing outdoor recreation enthusiasts year-round. The existing business benefits from built-in waterfront traffic, but the commercial zoning creates opportunities far beyond its current use. A marine supply store, kayak or paddleboard outfitter, fishing charter headquarters, waterfront café, grab-and-go seafood market, boat accessory retailer, bicycle rental operation, outdoor apparel shop, or specialty convenience concept could all capitalize on the property's location. Alternatively, the structure may be converted back to residential use (subject to applicable approvals), allowing investors to incorporate it into a three-home rental portfolio. Adjacent to the commercial parcel, 112 E Park Avenue features a charming 1925-built, 2-bedroom, 1-bath residence offering 716 square feet on a 50' × 139' lot, while 114 E Park Avenue (1940-built) includes a 947-square-foot, 2-bedroom, 1-bath home with a bonus room, private pool, and sits on a 100' × 139' double lot. The additional land creates immediate flexibility for expansion, construction of an additional residence (subject to approvals), enhanced outdoor amenities, or future redevelopment. The true value, however, lies in the assemblage itself. Opportunities to acquire nearly 0.60 acres of contiguous property in Edgewater's established waterfront district are increasingly difficult to replicate. Investors can continue operating the existing improvements for immediate income while planning future development, reposition the entire site into a cohesive residential rental portfolio, modernize the commercial component to serve the area's growing boating community, or pursue a comprehensive redevelopment strategy for new commercial or residential construction, subject to municipal approvals. Location further strengthens the investment thesis. The property sits minutes from the Indian River Lagoon and Intracoastal Waterway, with convenient access to Menard-May Park, George Kennedy Memorial Park, and additional public boat ramps that support one of Florida's most active boating and inshore fishing communities. Nearby restaurants, local businesses, parks, and waterfront recreation continue to draw both residents and visitors, while New Smyrna Beach, Canal Street, and I-95 remain just a short drive away. The combination of waterfront recreation, year-round outdoor tourism, and Edgewater's continued residential and commercial growth continues to fuel demand for both housing and neighborhood-serving businesses. For investors seeking more than a single asset, this offering represents a strategic acquisition with multiple existing income streams, commercial flexibility, redevelopment potential, and a location positioned to benefit from the continued growth of Florida's Indian River corridor. Opportunities with this level of optionality rarely come to market as one contiguous package.

Property Details

Property Type : Residential

Price : $849,900

AD Id : 88080026

MLS Id : 1228659

Beds : 2

Living Area Size : 716

Year Built : 1925

County : Volusia

Subdivision: Not In Subdivision

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 2

Bathroom Information

Total Baths: 1 Full Baths: 1

Room Information

Other Rooms: 2
Roofing Information

Other
Interior Features

Roof: Other Appliances: Refrigerator, Microwave, Electric Range
Heating & Cooling

Heating: Electric Cooling: Multi Units, Wall/Window Unit(s) WaterSource: Public

Building Information

Year Built: 1925 Construction Materials: Wood Siding, Other Roof: Other Foundation Details: Block
Exterior Features

Foundation Details: Block
Road Types

Asphalt

City Street

Lot Information

Stories: 1 Main Square Feet: 716

Property Information

Property Type: Residential Sub Type: Single Family Residence SQ ft (Living Area): 716 Subdivision: Not In Subdivision MLS Area Minor: 80 - Edgewater Source Neighborhood: Not In Subdivision Construction Materials: Wood Siding, Other Property Age: 101

Listing Price Information

Listing Id: 1228659 ist Price: $849,900 List Price Tot SqFt: $1,187 Listing Terms Cash, Conventional
Listing Information

Possession: Close Of Escrow

Tax Information

Parcel Number: 745214000070 Taxes: LOT 7 FERNALD & CHADWICKS HAWKS PARK MB 4 PG 192 PER OR 4957 PG 2480

Parking Information

Carport, Detached

Utility Information

Cable Available, Electricity Connected, Water Connected
Location Information

Direction: From I-95 S take the exit for 10th Street and follow it to S Dixie Freeway/N Ridgewood Avenue. Turn right onto S Dixie Freeway/N Ridgewood Avenue and continue following N Ridgewood Avenue for about one mile. Then, turn left onto E Park Avenue. Continue a short distance, and your destination, 112 E Park Ave, Edgewater, FL 32132, will be on the right.

Sell a home like this and save $50,495 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
TBD Lime Tree Drive, Edgewater, FL, 32132	$418,990	5	2	2,052	2,052 SqFt
203 Parkwood Lane, Edgewater, FL, 32132	$665,000	2	2	1,222	1,222 SqFt
203 Parkwood Lane, Edgewater, FL, 32132	$665,000	2	2	1,222	1,222 SqFt
1800 S Riverside Drive, Edgewater, FL, 32132	$924,900	7	5	6,270	6,270 SqFt
1602 S Riverside Drive, Edgewater, FL, 32132	$799,000	4	4	2,984	2,984 SqFt
1312 2nd Street, Edgewater, FL, 32132	$439,900	3	2	1,612	1,612 SqFt
1803 Evergreen Drive, Edgewater, FL, 32132	$392,000	4	2	1,736	1,736 SqFt
911 New York Street, Edgewater, FL, 32132	$221,000	2	1	875	875 SqFt
500 S Riverside Drive, Edgewater, FL, 32132	$898,000	3	3	2,286	2,286 SqFt
500 S Riverside Drive, Edgewater, FL, 32132	$898,000	3	3	2,286	2,286 SqFt

Similar Homes To 112 E Park Avenue

Nearby For Sale

112 E Park Avenue

Property Details

Map

What's Nearby

Nearby Areas

Features

Interior Features

Exterior Features

Property / Lot Details

Listing Information

Taxes / Assessments

Virtual Tour, Parking, Multi-Unit Information & Homeowners Association

School, Utilities & Location Details

How much is this property worth?

Nearby Home Value

Similar Homes To 112 E Park Avenue

More Cities with for Sale by Owner Homes

Homes around $849,900

Tour with a ByOwner Agent

Verify Your Email