9.77 /- acres site recently approved for multi-family, located in Edgewater, FL. Situated on a major thoroughfare, US Highway 1 (Ridgewood Avenue); less than half mile South of Indian River Blvd (US Highway 442). Zoned B-3 Highway Commercial. With the potential of developing an apartment complex of 100 units. A variety of uses include also automobile services, sales and leasing, boat sales and leasing, day care – children or adult, financial institution, garden & yard supplies, hotel / motel, machine shop / repair, medical / dental offices, recreational uses, restaurants, retail – general, shopping centers. Nearby businesses include Dunkin, Chick-fil-A, Publix, Winn-Dixie, Wells Fargo, CVS, Jiffy Lube and Best Western. Anticipated Deering Park Center will be located less than 5 miles away and has been approved for 1,362 homes.