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    240 North Ridgewood Ave Daytona Beach, FL 32114

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    For Sale
    $1,350,000

    Two office buildings in downtown Daytona Beach available for sale.

    Property size:
    12,058 SF

    Property Features for 240 North Ridgewood Ave

    General Information

    Size
    12,058 SF

    Building Details

    Year built
    1980

    Source: Carl W. Lentz IV, MBA, CCIM Agent Carl W. Lentz IV, MBA, CCIM

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

    Overview

    Downtown Daytona Beach Office Buildings

    Two office buildings are available for purchase in downtown Daytona Beach, situated on one parcel just north of International Speedway Boulevard (ISB) and across from the Justice Center. The buildings feature concrete construction and secure parking with over 33 spaces. The first building, located at 240 Ridgewood, was built in 1956 and contains 7,466 square feet. This two-story building is currently vacant and suitable for an end user, and includes an elevator, a new HVAC system, and hurricane windows. The second building, located at 244 Ridgewood, was built in 1980 and contains 4,592 square feet. This building is occupied by two small tenants. The properties are zoned RDD3 in the City of Daytona Beach, allowing for office, retail, and medical uses. The real estate tax was $8,617 in 2021, and insurance is approximately $10,000. The property is located on the west side of North US 1, between ISB and Main Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Queenz Circle Social Services Organization Therese J. Leeds, ... Massage Therapist _yeah_nailz_llc Nail Salon Elizabeth Koman Massage Therapist Krystal Haworth Massage Therapist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0335827
    Latitude
    29.2304022

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    FAQs

    What type of property is this?
    Office building - Two office buildings in downtown Daytona Beach available for sale.
    Where is this office building located?
    The property is located at 240 North Ridgewood Ave Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Two office buildings in downtown Daytona Beach on one parcel.; - Secure parking with 33+ spaces.; - **New HVAC system and hurricane windows in the 7,466 SF building.**
    (386) 566-3726
    Request Owner's contact information
    240 North Ridgewood Ave Daytona Beach, FL 32114
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    Daytona Beach, FL 32114
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 North Ridgewood Ave Daytona Beach, FL 32114
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