2111 Ridgewood AveSouth Daytona, FL 32119

  • Mixed-use properties
  • 12,610 SF
For Sale
$2,900,000 View listing

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
Mixed-use properties
Property subtype
Other investment 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

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
2111 Ridgewood Ave, South Daytona, Florida

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

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
$20,971
$237,388
$807,364
$1,044,752
-
$237,388
$807,364
$1,044,752

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