Mixed-Use Redevelopment
468 Ridgewood Avenue Holly Hill, FL 32117
For Sale
$1,200,000
MULTI_FAMILY - Holly Hill, FL
Property Size12,518 SF
Lot Size1.03 Acres
Price / SF$95.86
Days on Market395
Property Features for 468 Ridgewood Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
9
Rooms
Bathroom 2, Bathroom 7, Bedroom 4, Bathroom 4, Bathroom 6, Bathroom 5, Bedroom 2, Bathroom 1, Bathroom 9, Bedroom 5, Bathroom 8, Bathroom 3, Bedroom 1, Bedroom 3
Parking features
Off Street, Guest, Parking Lot, Gated, RV, Driveway, Secured, Assigned, Garage
Fencing
Chain Link, Fenced
Appliances
Tankless Water Heater, Refrigerator, Microwave, Instant Hot Water, Electric Water Heater, Electric Oven
Standard status
Active
APN
4244-01-22-0310
Size
12,518 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
37-15-33 LOTS 31 & 32 EXC RD BLK 22 MASON & CARSWELLS HOLLY HILL DB O PG 312 MB 14 PG 21 RESUB OF MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3-4 PER OR 4495 PG 2336 PER OR 7434 PGS 0144-0145 PER OR 8212 PG 2221 PER OR 8281 PG 0835 PER OR 8399 PG 47
Tax Annual Amount
9912
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Hot Water(Heating), Central
Cooling system
Window Unit(s), Electric, Separate Meters, Varies by Unit, Central Air, Multi Units, Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1947
Floors in Building
2
Number of units
12
Flooring type
Tile, Carpet, Laminate
Building materials
Block, Stucco
Roof type
Metal
Additional Structures
Workshop
Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 236-3700
Listed By:
Sean Hurley
(386) 566-6031
Added: Jul 1, 2025
Changed: Jul 24
Last Checked: Jul 30 at 5:06AM
MLS# 1215168
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.
This mixed-use redevelopment property is improved with three stand-alone masonry buildings totaling more than 12,000 square feet. Each building has newer galvanized metal roofing installed in 2014 and 2017. Building 1 is a two-story structure configured with two commercial suites, seven storage units, a private owner’s residence, and four unfinished units, supported by two recently installed HVAC systems and four supplemental mini-split units. Building 2 contains three residential units, including two studios and one one-bedroom unit. Building 3 is a stand-alone one-bedroom residence suited for owner occupancy or additional rental income.
The property is situated on a 1.03-acre parcel with 150 feet of frontage along US-1 and is within Holly Hill’s designated redevelopment district. It is described as being within a four-mile radius of Halifax Health Medical Center, Daytona Beach International Airport, Daytona International Speedway, Daytona State College/UCF, and Embry-Riddle Aeronautical University, with connectivity to the A1A beachside corridor, I-95, and I-4.
A fully fenced half-acre rear yard is currently used as a managed RV, boat, and trailer storage facility, and is described as having capacity for expansion or repositioning. The property is identified as CC1-zoned, and buyers are encouraged to confirm potential municipal redevelopment grants and economic incentives with the City of Holly Hill.
The property is situated on a 1.03-acre parcel with 150 feet of frontage along US-1 and is within Holly Hill’s designated redevelopment district. It is described as being within a four-mile radius of Halifax Health Medical Center, Daytona Beach International Airport, Daytona International Speedway, Daytona State College/UCF, and Embry-Riddle Aeronautical University, with connectivity to the A1A beachside corridor, I-95, and I-4.
A fully fenced half-acre rear yard is currently used as a managed RV, boat, and trailer storage facility, and is described as having capacity for expansion or repositioning. The property is identified as CC1-zoned, and buyers are encouraged to confirm potential municipal redevelopment grants and economic incentives with the City of Holly Hill.
Key Highlights
- CC1‑zoned mixed‑use property with 150 linear feet of frontage on US‑1 across a 1.03‑acre parcel
- Three stand‑alone block and stucco masonry buildings totaling 12,000+ SF, with newer metal roofs installed in 2014 and 2017
- Building 1: approx. 10,250 SF (two‑story) with two commercial suites, seven storage units, a private owner’s residence, and four unfinished units
Financial Insights For Apartment 5plus
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 | $193.8k | $15.48 |
| − Vacancy | −$20.3k | −$1.63 |
| EGI | $173.4k | $13.85 |
| − OpEx | −$78.0k | −$6.23 |
| NOI | $95.4k | $7.62 |
12,518 SF · lease $15.48/SF/yr · vacancy 10.50% · expense 45.00%
Alternative Uses
Best Use
Retail
$1.68M
$1.47M – $1.97M
NOI $117,901 @ 7.0% cap · market cap 9.83%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,388 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$3.69M
$3.23M – $4.31M
NOI $258,372 @ 7.0% cap · market cap 21.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Three stand-alone masonry buildings totaling 12,000+ SF sit on a 1.03-acre parcel with US-1 frontage.
Where is this apartment building located?
The property is located at 468 Ridgewood Avenue Holly Hill, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: CC1‑zoned mixed‑use property with 150 linear feet of frontage on US‑1 across a 1.03‑acre parcel; Three stand‑alone block and stucco masonry buildings totaling 12,000+ SF, with newer metal roofs installed in 2014 and 2017; Building 1: approx. 10,250 SF (two‑story) with two commercial suites, seven storage units, a private owner’s residence, and four unfinished units
