719 Ridgewood AveHolly Hill, FL 32114

Property Details for 719 Ridgewood Ave

Year built

1948

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.56 AC

Property size (Sq ft)

6,300 SF

Property type

Retail properties

Property subtype

Retail space

APN

5338-01-08-0101

APU

533801080101

Description

This Daytona Beach, Florida storefront presents a compelling owner-user investment opportunity. The 6,300-square-foot building, situated on a 24,541-square-foot lot, boasts a fully renovated showroom featuring private offices and a conference room. Completed in 2021, renovations included new impact doors and windows, and new Hardi siding. The warehouse area offers high ceilings, two roll-up doors, and an employee bathroom. The property benefits from a 100% occupancy rate and is zoned BR-1. Located on a high-traffic street (28,000 AADT) with excellent visibility, this property enjoys proximity to downtown Daytona Beach, colleges, shopping, and restaurants. The large fenced lot provides ample parking and storage space. Built in 1948, this single-story building represents a turnkey asset in a high-growth area with easy freeway access. The asking price is $1,199,900, translating to $190.46 per square foot. The property's APN is 533801080101. This versatile property is ideal for a variety of retail or warehouse uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,943,525

  6.5%

  $1,794,023

  7%

  $1,665,879

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,341,492

  Geo Method

  $1,772,238

• Alternative Use

  Use

  Valuation

  Residential

  $1,513,326

  Hospitality

  $1,386,198

  Educational

  $1,153,301

  Medical

  $1,192,964

  Retail

  $1,794,023

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2242

Longitude

-81.0295

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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