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    1848 Ridgewood Ave South Daytona, FL 32119

    Sponsored
    For Sale
    $1,799,000

    1.9 Acres, High Traffic, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.9-acre commercial property in South Daytona, Florida, presents a remarkable investment opportunity. Located on South Ridgewood Avenue (US Highway 1), it boasts 300 feet of frontage and enjoys high visibility due to its strategic location adjacent to Warner Christian Academy. The property's prime location benefits from significant traffic volume, with an estimated 29,000 vehicles passing daily in 2022, a substantial increase from the previous year. This growth is further supported by the ongoing development in the area, including new residential and commercial construction, and the upcoming establishment of a large Amazon facility employing over 1,000 workers. The 1.9-acre parcel is conveniently shaped for development and offers excellent accessibility from both northbound and southbound traffic. Its proximity to beaches, the Halifax River, shopping centers, and Daytona Beach International Airport (within a 5-10 minute drive) enhances its appeal for a wide range of businesses. The property is zoned for commercial use and can be subdivided into 0.5-acre or 1-acre parcels, providing flexibility for various development scenarios. The asking price is $1,799,000. This property offers significant potential for investors seeking a high-traffic location in a rapidly growing area. The information provided is from third-party sources and should be independently verified.

    Property Features for 1848 Ridgewood Ave

    General Information

    Property type
    Hotels
    Lot Size
    82,764 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    South Daytona
    County
    Volusia
    State
    Florida
    Longitude
    -81.005045500298
    Latitude
    29.177172607271

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    FAQs

    What type of property is this?
    Hotel - 1.9 Acres, High Traffic, Development Potential
    Where is this hotel located?
    The property is located at 1848 Ridgewood Ave South Daytona, FL.
    What is the asking price?
    The asking price for this property is $1,799,000.
    Request Owner's contact information
    1848 Ridgewood Ave South Daytona, FL 32119
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    South Daytona, FL 32119
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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
    1848 Ridgewood Ave South Daytona, FL 32119
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