435 S Ridgewood Ave - Office/Residential FOR SALE


Daytona Beach, FL 32114- Greater Daytona
$1,699,999 USD
386-214-7426
435 S Ridgewood Ave, Daytona Beach, FL for Sale
$1,699,999 USD
Office/Residential - FOR SALE
1/28
null | 9% Cap Rate

435 S Ridgewood Ave
Daytona Beach, FL 32114
Greater Daytona


HIGHLIGHTS

  • Excellent Location and Turn Key Investment with long term established tenants.
  • Reception Spaces on both floors
  • High Frontage Exposure on US 1
  • Lobby area on both floors
  • 2026 Daytona Fire Department being built across the street of subject property
  • 42 parking spaces

OVERVIEW

With over 200 feet of front exposure located on the east side of South Ridgewood (US. Hwy1) and just about a mile south of International Speedway Blvd, this professional office building is located in the historic district of Daytona Beach. Get a high ROI and have a turn key income producing property in a fabulous location, being in immaculate condition with the roof replaced in 2020, all 8 HVAC systems/units have been replaced starting from 2014 to 2021. The parking lot (43 spaces plus 4 handicap) was also resurfaced in August of 2021, with the walkways having a miracote coating in December of 2021. The office building features 17 offices on the ground level and 13 office spaces on the 2nd level for a total of 30 office spaces.There are also 2 reception areas, one on the ground floor and the other on the 2nd floor. Your new investment is just a few blocks away from Beach St (downtown Historic Daytona Beach) where the area has been gentrified with new waterfront parks, restaurants, retail shops and condos being built as well. (developer plans to build a 307-unit apartment complex on the north end of Beach Street, between the new Brown & Brown building and Michigan Avenue) In recent years the Brown & Brown Insurance 11-story headquarters in Daytona Beach, Florida, was completed and opened in early 2021, adding even more value to the surrounding area! Across the street from your new investment on the west side of Ridgewood, the city is building the Daytona Beach Fire Station & Administration Building, to be completed in 2026. These improvements in the City of Daytona Beach have further established the area being a hub for professional businesses and offices. All information recorded in the MLS intended to be accurate but cannot be guaranteed.

FOR SALE DETAILS

PRICE

$1,699,999 USD

PRICE/SF

$165 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

435 S. Ridgewood Professional Offices

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

RPUD (Residential PUD)

APN/PARCEL ID

5339-01-12-0023

ASK ABOUT THIS PROPERTY

Peter GraulichNEVER 6 PERCENT REALTY, INCMore Info
386-214-7426

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Peter GraulichNEVER 6 PERCENT REALTY, INCMore Info
386-214-7426

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.