Waterfront Commercial Property on Sunset
6292 S Ridgewood Avenue Port Orange, FL 32127
6292 S Ridgewood Avenue, Port Orange, FL, 32127
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For Sale
Contact for pricing
High and dry waterfront property with commercial zoning and residential units.
Property Size4,852 SF
Lot Size1.00 Acre
Price / SF$247.32
Days on Market683
Property Features for 6292 S Ridgewood Avenue
General Information
- Standard status
- Active
- Size
- 4,852 SF
- Lot size
- 1.00 Acre
- Property subtype
- Mixed Use, Retail, Multifamily
Building Details
- Year Built
- 1920
Listing Agency
Land And Sea Realty
(386) 314-8509
Listed by
Gwendolyn Schwoerer · License #BK685966
Source
Crexi
Added: Sep 3, 2024 Checked: Jul 16 at 5:12 am
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 Land And Sea Realty
Investment Insights
Based on property information with market context.
This waterfront property, approximately 1 acre in size, is located on Sunset Island in the Spruce Creek Preserve, bordered by Strickland Bay and state-owned lands. Zoned B7 Commercial Marina, the property offers potential uses such as a marina, restaurant, hotel, fishing lodge, bed and breakfast, and watercraft rentals. It features approximately 250 feet of frontage on US1/Ridgewood, with a dedicated turn lane from the north and a crossover from the south. The property includes two grandfathered-in residential units: a 2-bedroom, 2-bathroom home and a 1-bedroom, 1-bathroom apartment rebuilt in 2015. Additionally, there is a commercial building of approximately 1700 square feet, a storage and laundry building, and a separate garage. Two septic systems have been updated in recent years. With over 275 feet of water frontage, the property is situated at the headwaters of Spruce Creek, providing access to Turnbull Bay. It is also located on the Florida Trail, a canoe/kayak trail developed by the state, and is part of the St Johns River to Sea route. The property size is 4852 square feet.
Key Highlights
- Waterfront property with approximately 275' of water frontage and access to Spruce Creek, Turnbull Bay, and the St Johns River to Sea route.
- Zoned B7 Commercial Marina, allowing for diverse business opportunities.
- +/- 1 acre property in the Spruce Creek Preserve, surrounded by Strickland Bay and state‑owned lands.
Local Financial Insights For Mixed Use
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 | $104.8k | $21.60 |
| − Vacancy | −$8.9k | −$1.84 |
| EGI | $95.9k | $19.76 |
| − OpEx | −$36.0k | −$7.41 |
| NOI | $59.9k | $12.35 |
4,852 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$856.2K
$749.2K – $998.9K
NOI $59,934 @ 7.0% cap · market cap 4.99%
Second Best
Retail
$652.8K
$571.2K – $761.7K
NOI $45,699 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,145 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - High and dry waterfront property with commercial zoning and residential units.
Where is this mixed-use property located?
The property is located at 6292 S Ridgewood Avenue Port Orange, 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: Waterfront property with approximately 275' of water frontage and access to Spruce Creek, Turnbull Bay, and the St Johns River to Sea route.; Zoned B7 Commercial Marina, allowing for diverse business opportunities.; +/- 1 acre property in the Spruce Creek Preserve, surrounded by Strickland Bay and state‑owned lands.
