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    1020 Ridgewood Ave Daytona Beach, FL 32114

    Sponsored
    For Sale
    $2,300,000

    12,720 SF Warehouse - Lease Option

    Property size:
    6,210 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 12,720-square-foot warehouse, situated on a 0.29-acre lot, presents a unique investment opportunity. Located at 3200 Brown Avenue, the property boasts a single-tenant occupancy and is zoned C3, offering considerable flexibility for a variety of uses. The building is a single-story structure, providing convenient access and efficient workflow. The property's previous use suggests suitability for automotive-related businesses, including tire shops, car dealerships, or auto repair facilities. However, its versatile zoning and ample space make it ideal for a range of creative commercial ventures. The lease option provides a 24-month term at a monthly rate of $1,000. Utilities are conveniently located on the lot, minimizing operational complexities. The property's ample space and flexible zoning make it an attractive proposition for entrepreneurs seeking a well-located and adaptable commercial space. The APN is 165134. This is a single-tenant property with no building suites. The property is currently available for lease. This is a fantastic opportunity to establish or expand your business in a prime location. Don't miss out on this chance to secure a versatile and well-positioned commercial property.

    Property Features for 1020 Ridgewood Ave

    General Information

    Property type
    Motels
    Square Feet
    6,210 SF

    Building Details

    Year Built
    1953

    HighLights

    • 12,720 SF industrial building on a 0.29‑acre lot.
    • Single‑tenant occupancy.
    • C3 zoning.
    • APN 165134.
    • Lease option available (24 months, $1,000/month).
    • Utilities on site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Regal Inn Hotel Crosspoint Inn Motel Motel Crosspoint Labor Construction Company

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Daytona Beach
    County
    Volusia
    State
    Florida
    Longitude
    -81.0140789
    Latitude
    29.1927428

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    FAQs

    What type of property is this?
    Motel - 12,720 SF Warehouse - Lease Option
    Where is this motel located?
    The property is located at 1020 Ridgewood Ave Daytona Beach, FL.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: 12,720 SF industrial building on a 0.29-acre lot.; Single-tenant occupancy.; C3 zoning.
    Request Owner's contact information
    1020 Ridgewood Ave 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
    1020 Ridgewood Ave Daytona Beach, FL 32114
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