2111 Ridgewood AveSouth Daytona, FL 32119
- Mixed-use properties
- 12,610 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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