Fully Rented Retail
2355 S Ridgewood Avenue South Daytona, FL 32119
2355 S Ridgewood Avenue, South Daytona, FL, 32119
$648,000
For Sale
$648,000
COMMERCIAL - South Daytona, FL
Property Size3,900 SF
Lot Size0.33 Acres
Price / SF$166.15
Days on Market549
Property Features for 2355 S Ridgewood Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
- Parking features
- Parking Lot, Driveway
- Standard status
- Active
- APN
- 5344-11-00-0310
- Size
- 3,900 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT 31 EXC PART IN ST RD 5 WEST SHORE PARK SEC 2 MB 9 PG287 PER OR 5204 PG 2595 PER OR 7300 PG 0762
- Tax Annual Amount
- 4383
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Multi Units
- Water source
- Public
Building Details
- Year built
- 1982
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Carpet, Tile
- Building materials
- Block, Brick, Stucco
- Roof type
- Shingle
Listing agency
Beachside Realty of Vol Cty
(386) 427-1212
Listed by
Colleen Pearson
(407) 255-5862
Added: Jan 20, 2025 Updated: Jun 26 at 9:08AM Checked: Jul 23 at 7:06AM
MLS# 1208266
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Clock Tower Plaza is being offered for sale at 2355 S Ridgewood Avenue in South Daytona, Florida. The retail plaza is fully rented, with tenants on month-to-month terms. One unit includes a kitchen and a fire alarm system, and tenants pay base rent plus additional charges for water.
The property sits across from Sunshine Plaza. A retention pond is located on the south side of the building.
The adjacent parcel at 2335 S Ridgewood Avenue is being offered together with this property.
The property sits across from Sunshine Plaza. A retention pond is located on the south side of the building.
The adjacent parcel at 2335 S Ridgewood Avenue is being offered together with this property.
Key Highlights
- Clock Tower Plaza is fully rented with tenants on month‑to‑month terms
- Base rent is $2,378/month; tenants pay extra for water
- Construction materials include block, brick, and stucco; roof is shingle
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.5k | $15.00 |
| − Vacancy | −$6.0k | −$1.55 |
| EGI | $52.5k | $13.46 |
| − OpEx | −$15.7k | −$4.04 |
| NOI | $36.7k | $9.42 |
3,900 SF · lease $15.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$524.7K
$459.2K – $612.2K
NOI $36,732 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,496 @ 7.0% cap · market cap 12.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Clock Tower Plaza is fully rented, with month-to-month tenants and a retention pond on the south side.
Where is this strip mall located?
The property is located at 2355 S Ridgewood Avenue South Daytona, FL.
What is the asking price?
The asking price for this property is $648,000.
What are key features of this property?
This property features: Clock Tower Plaza is fully rented with tenants on month‑to‑month terms; Base rent is $2,378/month; tenants pay extra for water; Construction materials include block, brick, and stucco; roof is shingle
