For Sale
$1,400,000

1501 Ridgewood AveHolly Hill, FL 32117

Prime Volusia County retail building, high-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional value-add opportunity presents a two-story, 14,492 square foot retail building situated at 1501 Ridgewood Ave, Daytona Beach, FL 32117, in Volusia County. Currently operating as a multi-tenant property with 25 units, this Class B building offers significant upside potential. Constructed in 1987 and renovated in 1993, the property features concrete block construction and benefits from a 2005 roof installation. The building boasts excellent visibility and signage opportunities on high-traffic US-1 (24,000 ADT), and includes solar panels to reduce operating costs. An elevator ensures ADA compliance. The first floor comprises eight separate units, while the second floor offers smaller offices with shared restrooms and a conference room. A large rear parking lot provides ample space. The asking price is $1,400,000, translating to $96.61 per square foot. This property is zoned B4 and presents an ideal investment for those seeking to increase rental income through renovations and lease adjustments. The proximity to Daytona International Speedway and the beach further enhances its appeal. Many long-standing tenants are in place, and a large electronic sign offers additional advertising potential. This is a rare opportunity to acquire a well-located, income-producing property with substantial growth potential.

Highlights

  • Reduced operating costs via on-site solar panels.
  • High visibility and signage on US-1 (24,000 ADT).
  • ADA-compliant elevator and strong tenant occupancy.
  • 2005 roof installation.
  • Large electronic sign for advertising opportunities.

Property Details for 1501 Ridgewood Ave

Property type
Retail properties, Retail space
Square Feet
14,492 SF
Class
B
Year Built/Renovated
1987/1993
Buildings
1
Stories
2
Units
25

Location Insight

City
Holly Hill
County
Volusia
State
Florida
Latitude
29.2527699
Longitude
-81.0451079
1501 Ridgewood Ave, Holly Hill, Florida

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1501 Ridgewood Ave
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