2111 Ridgewood AveSouth Daytona, FL 32119

Property Details for 2111 Ridgewood Ave

Year built

1978

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.56 AC

Property size (Sq ft)

12,610 SF

Zone code

BR

Property type

Investment properties

Property subtype

Retail residential properties

APN

5344-16-00-0242

APU

534416000242

Description

This exceptional 12,610-square-foot former bank building presents a unique investment opportunity in South Daytona, Florida. Situated on a 2.2-acre lot, this two-story freestanding structure offers significant potential for redevelopment or adaptive reuse. The ground floor features a vestibule with elevator and stairs, a preserved vault and teller booths, and two restrooms. Plans are in place to convert the open area into five offices. The second floor comprises eleven offices, a large conference room, two restrooms, and a breakroom. Ample parking is available on-site. The expansive lot allows for the possibility of constructing an additional building. The property boasts excellent visibility and accessibility, with frontage on Ridgewood Avenue and McDonald Street, and convenient proximity to Beville Road and Dunlawton Avenue. The building is zoned BGC (Volusia County). The property's APN is 5344-16-00-0242

• CAP approach

  CAP return

  Valuation

  6%

  $3,499,104

  6.5%

  $3,229,942

  7%

  $2,999,232

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,122,072

  Geo Method

  $2,181,864

• Alternative Use

  Use

  Valuation

  Residential

  $3,229,942

  Hospitality

  $2,958,609

  Educational

  $2,461,528

  Medical

  $2,546,184

  Retail

  $3,829,044

Location Insight

City

South Daytona

County

Volusia

State

Florida

Latitude

29.1722

Longitude

-81.0016

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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