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115 N Ridgewood Ave Daytona Beach, FL 32114

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15-unit property with land for 8 additional units.

Property Features for 115 N Ridgewood Ave

General Information

Standard status
Active

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Listing Contact
Dino Dodani
Source: Crexi

Listing Agency: SERHANT Listing Agent: Dino Dodani

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Multifamily Property with Development Potential

This multifamily property features 15 units, consisting of a mix of one, two, and three-bedroom units, including three single-family homes and twelve apartments. The units are spread across seven parcels. There is an opportunity for additional development with land available to build up to 8 more units. On-site laundry is available. The property is located along S. Ridgewood Avenue, offering visibility and accessibility to shopping, dining, schools, and public transit. The city’s population within a 5-mile radius exceeds 113,000. The property has city water and flat/shingle roofs.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Real Estate Agency Building Supply Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Daytona Beach
County
Volusia
State
Florida
Longitude
-81.023073
Latitude
29.212032

FAQs

What type of property is this?
Apartment building - 15-unit property with land for 8 additional units.
Where is this apartment building located?
The property is located at 115 N Ridgewood Ave Daytona Beach, FL.
What are key features of this property?
This property features: - High pro forma cap rate: 8.6% indicates strong potential return on investment.; - Development opportunity: Land available to build up to 8 additional units.; - Mix of unit types: Includes 1, 2, and 3-bedroom units and single-family homes.
More about this property
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