2323 Ridgewood AveSouth Daytona, FL 32119
- Retail properties
- 2,407 SF
Property Details for 2323 Ridgewood Ave
- Year built
- 1962
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.66 AC
- Property size (Sq ft)
- 2,407 SF
- Zone code
- BA
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
- APN
- 5344-12-00-0400
- APU
- 534412000400
Description
This exceptional South Daytona, Florida commercial property presents a lucrative investment opportunity. Located at 2323 S Ridgewood Avenue, this 2,407 square foot retail building sits on a prominent corner lot with high visibility and exceptional traffic counts, boasting 28,500 AADT. Currently operating as a convenience store under a triple net (NNN) lease extending until 2035, this property offers immediate income potential. The building, constructed in 1962, is ideally situated across from Publix and Sunshine Park Mall, ensuring consistent customer flow. The property's zoning allows for a variety of uses, including restaurants, retail shops, or offices, providing flexibility for future development. The asking price is $695,000. This is a turnkey operation with a long-term lease, making it an attractive investment for those seeking a stable, income-generating asset. Note that gas stations and automotive uses are prohibited per the lease agreement. The property is situated in Volusia County, Florida, zip code 32119. This prime location offers significant potential for growth and return on investment. The property is offered as-is. Serious inquiries only.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $791,862
- 6.5%
- $730,950
- 7%
- $678,739
-
Comparable approach
- Method
- Valuation
- Relative Method
- $968,985
- Geo Method
- $677,107
-
Alternative Use
- Use
- Valuation
- Residential
- $616,583
- Hospitality
- $564,787
- Educational
- $469,896
- Medical
- $486,057
- Retail
- $730,950
Location Insight
- City
- South Daytona
- County
- Volusia
- State
- Florida
- Latitude
- 29.168
- Longitude
- -80.9995
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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