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    1600 Ridgewood Ave Holly Hill, FL 32117

    For Sale
    $1,100,000

    Prime 4,513 SF Bank Building, 1.17 Acres

    Property size:
    4,513 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 4,513-square-foot retail building, situated on a prominent 1.17-acre lot in Holly Hill, Florida, presents a unique investment opportunity. The former bank building, located at 1600 Ridgewood Ave (APN 4242-20-10-0010), boasts a prime location at the northwest corner of Ridgewood Avenue and Flomich Street, offering excellent visibility and accessibility. The property features six drive-thru lanes and ample parking with 27 spaces. Recent upgrades include a roof replacement in 2011, two 4-ton HVAC unit replacements in 2020, and new flooring installed in 2023. The building is well-maintained and ready for immediate occupancy. Zoned CC-1 (Commercial Corridor District), this property offers significant flexibility for a variety of commercial uses, subject to a two-year restriction against use as a financial institution. The building enjoys frontage on three streets: Ridgewood Avenue, Flomich Street, and Espanola Avenue, maximizing exposure. Its strategic location is approximately one mile from LPGA Boulevard and 2.2 miles from Granada Boulevard, ensuring high traffic volume and convenient access. The asking price is $1,100,000 ($243.74 per square foot). Please note that the tenant should not be contacted.

    Property Features for 1600 Ridgewood Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,513 SF
    Lot Size
    50,965 SF

    Building Details

    Year Built
    1963

    HighLights

    • $1,100,000 asking price for this 4,513 SF retail building.
    • Located in Holly Hill, FL, at 1600 Ridgewood Ave, APN 4242‑20‑10‑0010.
    • Features 27 parking spaces and sits on a 1.17‑acre lot zoned CC‑1 (Commercial Corridor District).
    • Building boasts six drive‑thru lanes and benefits from frontage on three streets.
    • Recent improvements include a 2011 roof replacement, 2020 HVAC unit replacement, and 2023 flooring replacement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wells Fargo Bank Atm Wells Fargo ATM Atm Cash4harleyparts.com Motorcycle Parts Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Holly Hill
    County
    Volusia
    State
    Florida
    Longitude
    -81.0473332
    Latitude
    29.2555379

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    FAQs

    What type of property is this?
    Individual retail property - Prime 4,513 SF Bank Building, 1.17 Acres
    Where is this individual retail property located?
    The property is located at 1600 Ridgewood Ave Holly Hill, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: $1,100,000 asking price for this 4,513 SF retail building.; Located in Holly Hill, FL, at 1600 Ridgewood Ave, APN 4242-20-10-0010.; Features 27 parking spaces and sits on a 1.17-acre lot zoned CC-1 (Commercial Corridor District).
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    Holly Hill, FL 32117
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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
    1600 Ridgewood Ave Holly Hill, FL 32117
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