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240-244 Ridgewood, Daytona Beach, FL 32114

The property combines vacant office space with an occupied building and offers a range of office, retail, and medical uses.

Space Size7,466 SF
Days on Market6

Property Features for 240-244 Ridgewood

General Information

Standard status Active
Size 7,466 SF
Net Rentable 7,466 SF
Total Parking Spaces 33
Elevators Yes
Property subtype OFFICE
Zoning RDD3
Lease Type NNN

Space & Availability

Available Space 7,466 SF
Contiguous Space 7,466 SF
Space Use Office

Lease Terms

Lease Rate $3.25 /SF/YR
Monthly Rent $2,022
Rent per SF/Year $3.25

Building Details

Year Built 1956
Stories 2
Construction concrete

Spaces For Lease

at 240-244 Ridgewood
240 Ridgewood $12/SF/Yr
Size 7,466 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE, Now
Sublease No
- 2 Office Buildings in Downtown Daytona Beach- 1 Parcel ID - Located Just North of ISB - Across the Street From the Justice Center - Concrete Construction With Secure Parking- 33+ Spaces - 240 Ridgewood- 7,466 SF Built in 1956- Currently Vacant For End User - 2 Stories With Elevator - New HVAC System and Hurricane Windows - 244 Ridgewood- 4,592 SF Built in 1980-2 Small Tenants - RDD3 Zoning in the City of Daytona Beach - Office/Retail/Medical - $3.25/SF NNN
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Listing Agency: SVN | Alliance Commercial Real Estate Advisors
Listed By: Carl W. Lentz IV · License #3068067
Source: Moodyscre
Added: Oct 21 Changed: Oct 25 Last Checked: Oct 24 at 5:04PM

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

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Investment Insights

Based on property information with market context.

Two concrete office buildings on one parcel provide a combined 12,058 SF. The 240 Ridgewood building contains 7,466 SF, was built in 1956, and is vacant. It has two stories, an elevator, a recently installed HVAC system, and hurricane windows. The 244 Ridgewood building was built in 1980 and contains 4,592 SF, with two small tenants in place.

The property is in downtown Daytona Beach, just north of ISB and across from the Justice Center. Secure parking includes 33+ spaces. RDD3 zoning in the City of Daytona Beach is identified for office, retail, and medical use.

Key Highlights

  • Two office buildings on one parcel, totaling 12,058 SF
  • 240 Ridgewood: 7,466 SF, built in 1956; currently vacant
  • 244 Ridgewood: 4,592 SF, built in 1980, with 2 small tenants

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Pharmacy Parking Lot & Garage (Bike/Boat/Book/etc) Store Real Estate Agency Gym & Fitness Center Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$0.49 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

980
Businesses Nearby

Demographics for 32114, FL

34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value

Market

Lease Benchmarks for Daytona Beach, FL

$11.25 /SF/Yr
Avg Asking Price
$7–$14 /SF/Yr
Price Range
15,126 SF
Avg Space Size

This space is priced 71% below the average of $11.25 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - The property combines vacant office space with an occupied building and offers a range of office, retail, and medical uses.
Where is this office building located?
The property is located at 240-244 Ridgewood Daytona Beach, FL.
What is the lease rate?
The lease rate is $3.25 SF/Yr.
What are key features of this property?
This property features: Two office buildings on one parcel, totaling 12,058 SF; 240 Ridgewood: 7,466 SF, built in 1956; currently vacant; 244 Ridgewood: 4,592 SF, built in 1980, with 2 small tenants
(386) 566-3726 Call to check price and availability
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