Mixed-Use Property with Storage
468 Ridgewood Avenue Holly Hill, FL 32117
For Sale
$1,200,000
COMMERCIAL - Holly Hill, FL
Property Size12,518 SF
Lot Size1.03 Acres
Price / SF$95.86
Days on Market419
Property Features for 468 Ridgewood Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Gated, Garage, Secured, Off Street, RV, Parking Lot
Fencing
Chain Link
Standard status
Active
APN
4244-01-22-0310
Size
12,518 SF
Lot size
1.03 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
37-15-33 LOTS 31 & 32 EXC RD BLK 22 MASON & CARSWELLS HOLLY HILL DB O PG 312 MB 14 PG 21 RESUB OF MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3-4 PER OR 4495 PG 2336 PER OR 7434 PGS 0144-0145 PER OR 8212 PG 2221 PER OR 8281 PG 0835 PER OR 8399 PG 47
Tax Annual Amount
9912
Utilities
Sewer type
Public Sewer
Heating system
Varies by Unit (Heating), Electric (Heating), Central
Cooling system
Electric, Wall Unit(s), Ceiling Fan(s), Central Air, Multi Units, Separate Meters
Water source
Public
Building Details
Year built
1947
Flooring type
Carpet, Concrete, Laminate, Tile
Building materials
Block, Stucco
Roof type
Metal
Listing Agency:
Oceans Luxury Realty Full Service LLC
(386) 236-3700
Listed By:
Sean Hurley
(386) 566-6031
Added: Jun 6, 2025
Changed: Jul 24
Last Checked: Jul 29 at 11:06PM
MLS# 1214269
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.
This mixed-use commercial property is improved with three stand-alone masonry buildings totaling over 12,000 square feet, each with newer galvanized metal roofing installed in 2014 and 2017. Building 1 is approximately a two-story structure configured with two commercial suites, seven storage units, a private owner’s residence, and four unfinished units. Building 1 is supported by two recently installed HVAC systems and four supplemental mini-split units. Building 2 is approximately 1,420 square feet and includes three residential units: two studios and one one-bedroom. Building 3 is approximately 640 square feet and provides a stand-alone one-bedroom residence suitable for owner occupancy or additional rental income.
The property sits on a 1.03-acre parcel with approximately 150 feet of frontage along US-1. A fully fenced rear yard currently operates as a managed RV, boat, and trailer storage facility, with room to expand or reposition.
The asset is described as CC1-zoned and located within Holly Hill’s designated redevelopment district. Prospective buyers are advised to confirm eligibility for municipal redevelopment grants and economic incentives with the City of Holly Hill.
The property sits on a 1.03-acre parcel with approximately 150 feet of frontage along US-1. A fully fenced rear yard currently operates as a managed RV, boat, and trailer storage facility, with room to expand or reposition.
The asset is described as CC1-zoned and located within Holly Hill’s designated redevelopment district. Prospective buyers are advised to confirm eligibility for municipal redevelopment grants and economic incentives with the City of Holly Hill.
Key Highlights
- CC1‑zoned mixed‑use property with 150 ft of frontage on US‑1 across a 1.03‑acre parcel
- Three stand‑alone masonry buildings totaling 12,000+ SF: Building 1 ~10,250 SF, Building 2 ~1,420 SF, Building 3 ~640 SF
- Newer metal roof installations on each building (2014 and 2017) plus metal roof on the improvements
Financial Insights For Multifamily LT 5
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 | $174.3k | $13.92 |
| − Vacancy | −$17.4k | −$1.39 |
| EGI | $156.9k | $12.53 |
| − OpEx | −$47.1k | −$3.76 |
| NOI | $109.8k | $8.77 |
12,518 SF · lease $13.92/SF/yr · vacancy 9.97% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$2.21M
$1.93M – $2.58M
NOI $154,629 @ 7.0% cap · market cap 12.89%
Second Best
Self Storage
$1.77M
$1.54M – $2.06M
NOI $123,553 @ 7.0% cap · market cap 10.30%
Theoretical Best
Office A
$3.69M
$3.23M – $4.31M
NOI $258,372 @ 7.0% cap · market cap 21.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property on a 1.03-acre parcel with three masonry buildings and a fenced rear yard for RV, boat, and trailer storage.
Where is this mixed-use property located?
The property is located at 468 Ridgewood Avenue Holly Hill, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: CC1‑zoned mixed‑use property with 150 ft of frontage on US‑1 across a 1.03‑acre parcel; Three stand‑alone masonry buildings totaling 12,000+ SF: Building 1 ~10,250 SF, Building 2 ~1,420 SF, Building 3 ~640 SF; Newer metal roof installations on each building (2014 and 2017) plus metal roof on the improvements
