2538 Ridgewood AveSouth Daytona, FL 32119

  • Land
  • 3,877 SF
For Sale
$749,000 View listing

Property Details for 2538 Ridgewood Ave

Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
2.46 AC
Property size (Sq ft)
3,877 SF
Zone code
BR
Property type
Land
Property subtype
Commercial land
APN
5333-07-00-0010
APU
533307000010

Description

This exceptional 6.43-acre commercial property, located at 2538 S Ridgewood Avenue in South Daytona, Florida (32119), presents a unique investment opportunity. The expansive 107,244.72 square foot lot boasts frontage on both Ridgewood Avenue to the east and Carmen Street to the west, offering excellent visibility and accessibility. Zoned for high-density development, this land is ideally suited for a multifamily project, with potential for upwards of 150 apartment units. The property's location in the business-friendly city of South Daytona, adjacent to the International Academy, ensures a strong potential tenant base. The seller is open to collaborating with qualified developers, making this an attractive proposition for those seeking a partnership opportunity. This is a rare chance to acquire a significant parcel of land in a thriving area with substantial development potential. The total square footage of the property is 279,655 square feet. Serious inquiries only.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $993,207
    Hospitality
    $909,772
    Educational
    $756,920
    Medical
    $782,951
    Retail
    $1,177,431
2538 Ridgewood Ave, South Daytona, Florida

Location Insight

City
South Daytona
County
Volusia
State
Florida
Latitude
29.1621
Longitude
-80.9994
CBSA code
19660
CBSA name
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,637
$131,376
-
$131,376
-
$131,376
-
$131,376

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