1615 Ridgewood AveHolly Hill, FL 32117

This exceptional multi-tenant investment opportunity, located at 1615 Ridgewood Avenue in Daytona Beach, Florida, presents a compelling value-add proposition. The property, known as the Holly Hill Corporate Center, consists of two buildings totaling 9,706 square feet situated on a 21,579.62 square foot lot. The Class B property features 23 units with an impressive 85% occupancy rate, generating a 7.00% cap rate at an asking price of $950,000. Built in 1974, this two-story complex offers a mix of office and retail spaces, ideal for a diverse tenant base. The property benefits from a gross lease structure and boasts numerous recent upgrades, including new carpeting, flooring, and paint throughout many units. Modernizations also include the installation of energy-efficient LED lighting and a comprehensive surveillance system. The majority of the units are smaller office spaces, attracting a stable roster of long-term tenants. Strategically located on high-traffic Ridgewood Avenue (US Highway 1), this property enjoys excellent visibility and accessibility, making it an attractive investment for both seasoned and emerging investors. The property's strong occupancy, recent renovations, and prime location combine to create a compelling investment opportunity with significant potential for future growth. The property is zoned for office and retail use.