5840 S Ridgewood Ave Port Orange, FL 32127
Income-producing property with development potential on high-traffic US Highway 1.
Lot size:
0.71 AcresProperty Features for 5840 S Ridgewood Ave
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.71 Acres
Building Details
- Year built
- 1973
Source:
Elliman
Listing Agent: Bob Brewster
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
High-Traffic Income Property For Sale
This property presents an opportunity for a 1031 exchange with potential for income or development. Situated in a location with high traffic on US Hwy 1/S Ridgewood, the 0.9-acre land includes two to three income centers, all currently leased under N/N/N leases. The property has been under the same family ownership for 50 years, offering flexible income-producing options. Building 1, comprising 3,000 square feet, is leased and has been recently remodeled and updated. Building 2 and the parking lot are also leased. There is room for additional tenants. The total income is $7,000 per month or $84,000 per year. The property is being sold in 'AS IS' condition. Tenant leases include new property owner termination clauses, if required.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Port Orange
- County
- Volusia
- State
- Florida
- Longitude
- -80.9736676
- Latitude
- 29.1098285
Nearby Similar for Sale
FAQs
What type of property is this?
1031 exchange property - Income-producing property with development potential on high-traffic US Highway 1.
Where is this 1031 exchange property located?
The property is located at 5840 S Ridgewood Ave Port Orange, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: - High-traffic location on US Hwy 1/S Ridgewood offers **excellent visibility and accessibility**.; - Current N/N/N leases generate **$84,000 annual income**.; - 0.9-acre land with two-three income centers provides flexible income potential.
