Versatile Mixed-Use Commercial
529 RIDGEWOOD Ave Daytona Beach, FL 32117
For Sale
$650,000
Pending
Redevelopment zone property with retail, office, and warehouse space.
Property Size7,172 SF
Lot Size0.33 Acres
Days on Market136
Property Features for 529 RIDGEWOOD Ave
General Information
- Standard status
- Pending
- Size
- 7,172 SF
- Lot size
- 0.33 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing Agency:
Calnan Real Estate
(781) 983-4852
Listed By:
Colleen Calnan · License #3173311
(781) 983-4852
Source:
Elliman
Added: Mar 11
Changed: Jul 6
Last Checked: Jul 23 at 4:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Calnan Real Estate
Investment Insights
Based on property information with market context.
This 7,172 sq ft concrete block building is situated on a 0.33-acre corner lot in a high-traffic corridor along Ridgewood Avenue (U.S.-1). Zoned for retail or mixed commercial use, the property offers versatility. The building combines retail, office, and warehouse space, suitable for various business models and divisible into multiple revenue streams. The front retail area, approximately 4,500 sq ft, features a large bar top island, soundproof viewing window, and partial soundproof wall offering visibility into the warehouse area. The warehouse/workshop space, approximately 2,600 sq ft, includes a 12’x12’ automatic garage door (2020) and an open floor area for production, storage, or distribution. It also features a large executive office with a private restroom, plus three additional restrooms (four total) and a kitchenette. The property includes a separate music studio space with a private entrance. Recent upgrades include a new roof (2020), new plumbing (2020), new HVAC (2022), new electric (2019), and new vinyl flooring throughout. Additional features include an insulated attic, ADA-compliant restrooms, and a large, highly visible monument sign. Located within an Opportunity Zone, this property offers potential tax advantages for investors. All improvements are permitted and up to code. Buyer should check zoning for use restrictions. Sq. footage received from the tax rolls. All measurements are approximate.
Key Highlights
- Prime commercial location on a high‑traffic corner lot (0.33 acres) along Ridgewood Avenue (U.S.-1).
- Versatile zoning allows for retail or mixed commercial use.
- Unique layout combining retail (approx. 4,500 sq ft), office, and warehouse (approx. 2,600 sq ft) space, easily dividable.
Financial Insights For Warehouse
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 | $71.4k | $9.96 |
| − Vacancy | −$3.6k | −$0.50 |
| EGI | $67.9k | $9.46 |
| − OpEx | −$10.2k | −$1.42 |
| NOI | $57.7k | $8.04 |
7,172 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.54M
$1.34M – $1.79M
NOI $107,472 @ 7.0% cap · market cap 16.53%
Second Best
Mixed Use
$1.27M
$1.11M – $1.48M
NOI $88,592 @ 7.0% cap · market cap 13.63%
Theoretical Best
Office A
$2.11M
$1.85M – $2.47M
NOI $148,030 @ 7.0% cap · market cap 22.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cook CNC
Industrial Manufacturer
Graphic Sign Design
Marketing & Advertising
Graze Charcuterie FL
Specialty Food Shop
FAQs
What type of property is this?
Mixed-use property - Redevelopment zone property with retail, office, and warehouse space.
Where is this mixed-use property located?
The property is located at 529 RIDGEWOOD Ave Daytona Beach, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime commercial location on a high‑traffic corner lot (0.33 acres) along Ridgewood Avenue (U.S.-1).; Versatile zoning allows for retail or mixed commercial use.; Unique layout combining retail (approx. 4,500 sq ft), office, and warehouse (approx. 2,600 sq ft) space, easily dividable.
