2355 S Ridgewood Avenue, South Daytona, FL 32119
COMMERCIAL - South Daytona, FL
- Added:
- Jan 20, 2025
- Days on Market:
- 525
- Last Refresh:
- Jun 29 at 12:06 am
Property Features for 2355 S Ridgewood Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3
- Parking features
- Parking Lot, Driveway
- Standard status
- Active
- APN
- 5344-11-00-0310
- Size
- 3,900 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LOT 31 EXC PART IN ST RD 5 WEST SHORE PARK SEC 2 MB 9 PG287 PER OR 5204 PG 2595 PER OR 7300 PG 0762
- Tax Annual Amount
- 4383
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Multi Units
- Water source
- Public
Building Details
- Year built
- 1982
- Floors in Building
- 1
- Number of units
- 4
- Flooring type
- Carpet, Tile
- Building materials
- Block, Brick, Stucco
- Roof type
- Shingle
Listing agent Colleen Pearson (407) 255-5862
Listing office Beachside Realty of Vol Cty 315 Flagler Ave, New Smyrna Beach, FL (386) 427-1212
Listing date Jan 20, 2025
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.
HighLights
- Fully rented property providing immediate income.
- Prime location across from Sunshine Plaza.
- Clock Tower Plaza - well‑known landmark.
- One unit equipped with a kitchen and fire alarm system.
- Base rent of $2378.00 with tenants paying extra for water.
- Adjacent property at 2335 S Ridgewood Avenue also available for purchase.
Overview
The property is located at 2355 S Ridgewood Avenue in South Daytona, Florida, and is described as being across from Sunshine Plaza. The offering includes 3,900 square feet on approximately 0.33 acres.
For investors or owner-operators seeking an occupied retail asset, this center provides current tenancy with month-to-month arrangements and clear utility charge responsibility, based on the information provided. The presence of a dedicated kitchen and fire alarm system in at least one unit may also support certain tenant operating needs within a retail configuration. The adjacent 2335 S Ridgewood Avenue is noted as available as part of the overall offering.
Local Financial Insights For 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 | $58.5k | $15.00 |
| − Vacancy | −$6.0k | −$1.55 |
| EGI | $52.5k | $13.46 |
| − OpEx | −$15.7k | −$4.04 |
| NOI | $36.7k | $9.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- South Daytona
- County
- Volusia
- State
- Florida
- Longitude
- -80.999023
- Latitude
- 29.167095
