For Sale
$1,700,000

435 Ridgewood AveDaytona Beach, FL 32114

Prime location, 27 units, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Daytona Beach commercial property, located at 435 S Ridgewood Avenue, presents a lucrative investment opportunity. The 16,570 square foot building sits on a 38,938.28 square foot lot and boasts 27 units, currently fully rented, ensuring immediate cash flow. Built in 1990, the property has undergone significant recent upgrades, including a new roof (2020), replacement of all eight air conditioning units (2014-2021), and updated water heaters (2010 & 2017). Further enhancing its appeal, the parking lot was resurfaced in August 2021, and walkways received Miracote coating in December 2021. The well-maintained property features two reception areas, multiple restrooms, a tenant kitchen and lounge, and ample parking (42 spaces, including 4 handicap spaces). Two convenient entrances, one from a side street and one from the main road, provide easy access. The seller is offering owner financing with a substantial down payment. Proof of funds is required before scheduling a viewing. This meticulously maintained property represents a rare opportunity for investors seeking a strong return on investment in a desirable Daytona Beach location (Zip code 32114).

Property Details for 435 Ridgewood Ave

Property type
Retail properties, Office properties
Square Feet
16,570 SF
Year Built
1990
Units
27

Location Insight

City
Daytona Beach
County
Volusia
State
Florida
Latitude
29.2041533
Longitude
-81.0188547
435 Ridgewood Ave, Daytona Beach, Florida

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435 Ridgewood Ave
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