468 Ridgewood Ave - Light Distribution FOR SALE


Daytona Beach, FL 32117- Greater Daytona
$1,400,000 USD
386-566-6031
468 Ridgewood Ave, Daytona Beach, FL for Sale
$1,400,000 USD
Light Distribution - FOR SALE
1/6
null | 8.57% Cap Rate

468 Ridgewood Ave
Daytona Beach, FL 32117
Greater Daytona


HIGHLIGHTS

  • Mix use, commercial, residential and storage
  • Centrally located
  • Over 1 acre on US 1, with 150 ft of road frontage

OVERVIEW

**Unique Investment Opportunity in Holly Hill's Redevelopment Area** Discover an exceptional mixed-use commercial property with incredible potential in Holly Hill's thriving redevelopment zone. This CC1 zoned property offers 150 feet of frontage along US1 and spans 1.03 acres, making it an ideal investment for developers, business owners, or investors seeking income and growth opportunities. **Property Highlights:** - **Prime Location:** Just 4 miles from Halifax Hospital, Daytona International Airport, Daytona International Speedway, Daytona State College/UCF, and Embry Riddle. Easy access to the Beachside A1A Corridor (5 miles), I-95 (6 miles), and I-4 (8 miles). - **Flexible Spaces:** Comprising three stand-alone block buildings totaling over 12,000 sq ft, all featuring new galvanized metal roofs (installed in 2014 and 2017). - **Building 1:** Approximately 10,250 sq ft, two-story structure with two commercial units, seven storage units, an owner's suite, and four unfinished units. Upgraded with two new HVAC units and four mini-split systems for efficient climate control. - **Building 2:** Around 1,420 sq ft with three residential units two studio apartments and one one-bedroom apartment ideal for rental income or multi-use purposes. - **Building 3:** A 640 sq ft one-bedroom residential unit, offering additional rental or owner occupancy options. - **Additional Features:** A half-acre fenced rear lot currently used for RV, boat, and trailer storage, providing extra income or expansion possibilities. **Redevelopment & Investment Potential:** This property is situated in a burgeoning area with access to redevelopment grantscontact the City of Holly Hill for details. Its strategic location and versatile layout make it perfect for commercial, residential, or mixed-use development projects. **Don't miss out on this rare opportunity to invest in a high-growth area with immediate income potential and future development prospects.**

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$127 USD /SF

CAP RATE

8.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Storefront Retail/Residential, Warehouse, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

UTILITIES

Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

1.03

LAND SF

44,867

ZONING

CC1

APN/PARCEL ID

4244-01-22-0310

ASK ABOUT THIS PROPERTY

Sean HurleyOceans CommercialMore Info
386-566-6031

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Sean HurleyOceans CommercialMore Info
386-566-6031

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