Retail/Office Building on
1349 Ridgewood Avenue Holly Hill, FL 32117
1349 Ridgewood Avenue, Holly Hill, FL, 32117
$198,500
Pending
For Sale
$198,500
Pending
COMMERCIAL - Holly Hill, FL
Property Size642 SF
Lot Size0.17 Acres
Days on Market831
Property Features for 1349 Ridgewood Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Pending
- APN
- 4242-45-01-0150
- Size
- 642 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- 42-14-32 N 10 FT OF LOT 13 & LOTS 14 THRU 15 EXC RD BLK A HOLLY HEIGHTS PLAT 1 MB 15 PG 122 PER OR 4481 PG 3896 PER OR 7899 PG 2032
- Tax Annual Amount
- 1792
Building Details
- Year built
- 1979
Listing Agency
Costello Realty and Development
(386) 846-2828
314 Sweet Bay Ave., New Smyrna Beach, FL
Listed by
Lucas Costello
(386) 846-2828
Added: Apr 8, 2024 Checked: Jul 17 at 4:06 am
MLS# 1121982
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.
Located in Holly Hill, Florida, this commercial property offers a 642-square-foot building on a 0.17-acre lot. Situated on US1, the property presents an opportunity for a small office or retail store. The building has potential and the owner is motivated to sell. Creative financing options may be available, including potential partial owner financing or a lease option to buy.
Key Highlights
- US1 Location: High‑visibility location on a major thoroughfare.
- Price: Offered at less than $200k.
- Potential: Suitable for office or retail use.
Local Financial Insights For Office B
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 | $13.9k | $21.60 |
| − Vacancy | −$1.0k | −$1.62 |
| EGI | $12.8k | $19.98 |
| − OpEx | −$3.2k | −$5.00 |
| NOI | $9.6k | $14.99 |
642 SF · lease $21.60/SF/yr · vacancy 7.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$137.4K
$120.3K – $160.3K
NOI $9,620 @ 7.0% cap · market cap 4.85%
Second Best
Retail
$86.4K
$75.6K – $100.8K
NOI $6,047 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$189.3K
$165.6K – $220.9K
NOI $13,251 @ 7.0% cap · market cap 6.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Small building with tons of potential on US1.
Where is this storefront property located?
The property is located at 1349 Ridgewood Avenue Holly Hill, FL.
What is the asking price?
The asking price for this property is $198,500.
What are key features of this property?
This property features: US1 Location: High‑visibility location on a major thoroughfare.; Price: Offered at less than $200k.; Potential: Suitable for office or retail use.
