Freestanding Bank Building with
1600 Ridgewood Avenue Holly Daytona Beach, FL 32117
1600 Ridgewood Avenue Holly, Daytona Beach, FL, 32117
$1,100,000
For Sale
$1,100,000
Freestanding former bank building offers six drive-thru lanes, three-street frontage, and recent roof, HVAC, and flooring updates.
Property Size4,513 SF
Lot Size1.17 Acres
Price / SF$243.74
Days on Market153
Property Features for 1600 Ridgewood Avenue Holly
General Information
- Standard status
- Active
- Size
- 4,513 SF
- Lot size
- 1.17 Acres
- Property subtype
- Multi Tenant Office
Building Details
- Year Built
- 1963
Listing agency
SVN | Alliance Commercial Real Estate Advisors
(386) 295-5723
Listed by
John Trost · License ##BK-0160420
(386) 295-5723
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 21 at 1:34AM Checked: Jul 21 at 3:02AM
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 SVN | Alliance Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
The property is a well-maintained, freestanding former bank building offered for sale. The building totals 4,513 SF and sits on 1.17+/- acres. Improvements include a roof replacement in 2011, replacement of two 4-ton HVAC units in 2020, and flooring replacement in 2023.
The site is located on a signalized corner with frontage on three streets: Ridgewood Avenue, Flomich Street, and Espanola Avenue. The building features six drive-thru lanes and 27 parking spaces, supporting convenient vehicle access for day-to-day operations.
There is a restriction against use as a financial institution for two years. Tenant not to be contacted or disturbed, and all communication is to be conducted exclusively through the listing broker.
The site is located on a signalized corner with frontage on three streets: Ridgewood Avenue, Flomich Street, and Espanola Avenue. The building features six drive-thru lanes and 27 parking spaces, supporting convenient vehicle access for day-to-day operations.
There is a restriction against use as a financial institution for two years. Tenant not to be contacted or disturbed, and all communication is to be conducted exclusively through the listing broker.
Key Highlights
- 4,513 SF freestanding former bank building on 1.17+/- acres (built 1963).
- Signalized corner location on the northwest corner of Ridgewood Avenue and Flomich Street, with frontage on three streets.
- Six drive‑thru lanes plus 27 parking spaces.
Local Financial Insights For Specialty Retail
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 | $99.1k | $21.96 |
| − Vacancy | −$7.7k | −$1.71 |
| EGI | $91.4k | $20.25 |
| − OpEx | −$22.8k | −$5.06 |
| NOI | $68.5k | $15.19 |
4,513 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$979.0K
$856.6K – $1.14M
NOI $68,531 @ 7.0% cap · market cap 6.23%
Second Best
Retail
$607.2K
$531.3K – $708.4K
NOI $42,506 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,148 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wells Fargo Bank
Atm
Wells Fargo ATM
Atm
Cash4harleyparts.com
Auto Parts Store
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Freestanding former bank building offers six drive-thru lanes, three-street frontage, and recent roof, HVAC, and flooring updates.
Where is this bank located?
The property is located at 1600 Ridgewood Avenue Holly Daytona Beach, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,513 SF freestanding former bank building on 1.17+/- acres (built 1963).; Signalized corner location on the northwest corner of Ridgewood Avenue and Flomich Street, with frontage on three streets.; Six drive‑thru lanes plus 27 parking spaces.
