5840 Ridgewood Ave Port Orange, FL 32127
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High-traffic US-1 location, three income streams.
Property Features for 5840 Ridgewood Ave
General Information
- Property type
- Specialty properties
Building Details
- Year Built
- 1973
Listing Agency: watson realty corp. Listing Agent: Robert Brewster
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional Port Orange investment property, located on a high-traffic section of US Highway 1, presents a compelling opportunity for savvy investors. The property, which has been owned by the same family for 50 years and is now offered for sale for the first time, comprises approximately 0.9 acres and features three distinct income-producing centers, all currently leased under net-net-net (NNN) leases. Building 1, a 3,000-square-foot structure, houses a flooring business. Building 2 and the associated parking lot encompass 13,000 square feet and currently accommodate an auto dealership. Additionally, a 10,000-square-foot area is designated for RV parking. Built in 1973, this special-purpose property offers significant potential for increased income or redevelopment. The asking price is $895,000, representing an attractive cap rate of 8% or more. This property is ideally suited for a 1031 exchange, making it an even more attractive proposition for investors seeking tax-advantaged opportunities. The property's prime location and diverse income streams make it a truly exceptional investment opportunity in a thriving Florida market. The address is 5840 S Ridgewood Avenue, Port Orange, FL 32127.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Port Orange
- County
- Volusia
- State
- Florida
- Longitude
- -80.973681
- Latitude
- 29.1098083
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FAQs
What type of property is this?
Specialty property - High-traffic US-1 location, three income streams.
Where is this specialty property located?
The property is located at 5840 Ridgewood Ave Port Orange, FL.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Exceptional Port Orange investment property on high-traffic US Highway 1.; 0.9-acre site with three income-producing buildings under NNN leases.; Buildings total 26,000 square feet, including a flooring business (3,000 SF), auto dealership (13,000 SF), and RV parking (10,000 SF).