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    420 Ridgewood Ave Daytona Beach, FL 32114

    Sponsored
    For Sale
    $289,000

    Prime .24-acre commercial lot, US-1 frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This exceptional commercial property, totaling 10,833 square feet (.24 acres), is strategically located on US-1/N Ridgewood Avenue in Daytona Beach, Florida, boasting 136 feet of frontage. Zoned Business Professional (BP), this offering presents a wealth of development opportunities. The property comprises three vacant parcels (420, 424, and 428 N Ridgewood Ave), identified by parcel numbers 533832000360 and 533832000350, and benefits from high daily traffic volume of approximately 29,000 cars. Permitted uses are diverse and include, but are not limited to, multifamily dwellings and complexes, hotel/motel development, assisted living facilities, daycare centers, employment/travel agencies, and a variety of restaurants and specialty dining establishments. Its prime location offers unparalleled convenience, situated just 1.5 miles from the Daytona Beach Pier, 3.8 miles from Daytona Beach International Airport, and 5.1 miles from Tanger Outlets. Nearby amenities include colleges, banks, restaurants, parks, the International Speedway, and proximity to major events such as Bike Week and NASCAR races. The asking price for this exceptional investment opportunity is $289,000. All information is deemed reliable but not guaranteed and should be independently verified.

    Property Features for 420 Ridgewood Ave

    General Information

    Property type
    Land

    HighLights

    • $289,000 asking price for a prime commercial property.
    • Business Professional (BP) zoning allows diverse development options.
    • .24‑acre lot (10,833 sq ft) with 136 feet of frontage on US‑1/N Ridgewood Ave.
    • High traffic count: approximately 29,000 vehicles daily.
    • Three vacant parcels (420, 424, and 428 N Ridgewood Ave) available.
    • Permitted uses include multifamily, hotel/motel, assisted living, daycare, restaurants, and more.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.027263
    Latitude
    29.218593

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    FAQs

    What type of property is this?
    Land - Prime .24-acre commercial lot, US-1 frontage.
    Where is this land located?
    The property is located at 420 Ridgewood Ave Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: $289,000 asking price for a prime commercial property.; Business Professional (BP) zoning allows diverse development options.; .24-acre lot (10,833 sq ft) with 136 feet of frontage on US-1/N Ridgewood Ave.
    (386) 261-9507
    Request Owner's contact information
    420 Ridgewood Ave Daytona Beach, FL 32114
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    Daytona Beach, FL 32114
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    420 Ridgewood Ave Daytona Beach, FL 32114
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