520 Ridgewood AveDaytona Beach, FL 32114

This exceptional Daytona Beach property at 520 N Ridgewood Avenue presents a unique investment opportunity. Boasting 6,120 square feet across three stories, this mixed-use building offers a diverse range of possibilities. The building, constructed in 1903, sits on a 10,010.09 square foot lot and features six units, a blend of commercial and residential spaces. The ground floor includes split units zoned for both business and residential use, accessible from both the main street entrance and a rear alley entrance. The second and third floors are zoned residential. The third floor requires renovation. A notable feature is a two-story loft-style duplex located behind the main building, each unit mirroring the other's layout, complete with kitchen, bath, and walk-in closet. Individual electric meters for each unit provide efficient utility management. The property's prime location on N Ridgewood Avenue, overlooking US1, offers excellent visibility and accessibility. This versatile property is ideal for a savvy investor seeking a high-return portfolio with significant upside potential through strategic renovations and leasing. The property's diverse zoning allows for a variety of uses, from traditional office and retail to residential rentals, making it an attractive option for a wide range of buyers. The existing structure provides a solid foundation for future development and expansion.