939 Ridgewood AveDaytona Beach, FL 32114

Property Details for 939 Ridgewood Ave

Year built

1981

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.55 AC

Property size (Sq ft)

1,677 SF

Zone code

T3

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5339-64-00-0270

APU

533964000270

Description

This vacant 1,700 square foot commercial property at 939 S Ridgewood Avenue in Daytona Beach, Florida (zip code 32114) presents a unique opportunity. Built in 1981, this mixed-use space is ideal for a variety of businesses, including office, retail, or commissary operations. The property features a well-equipped office area and a fully functional kitchen setup, perfect for food entrepreneurs. Additional benefits include ample storage solutions, making it suitable for food truck vendors needing secure storage. A large fenced-in yard area provides extra space. While currently a work in progress, the building boasts excellent structural integrity and requires minimal completion to transform it into a customized culinary space. The property benefits from US Highway 1 frontage and a prominent monument sign. A new roof has recently been installed. The lot size is not specified. The asking price is $324,900.

• CAP approach

  CAP return

  Valuation

  6%

  $436,756

  6.5%

  $403,159

  7%

  $374,362

• Comparable approach

  Method

  Valuation

  Relative Method

  $383,760

  Geo Method

  $290,165

• Alternative Use

  Use

  Valuation

  Residential

  $403,159

  Hospitality

  $369,292

  Educational

  $307,246

  Medical

  $317,813

  Retail

  $477,939

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.1944

Longitude

-81.0134

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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