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    424 Ridgewood Ave Daytona Beach, FL 32114

    Sponsored
    For Sale
    $289,000

    Prime US-1 location, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    398
    This exceptional commercial land offering in Daytona Beach, Florida presents a unique investment opportunity. Encompassing three parcels totaling 10,454.4 square feet (.24 acres) and boasting 136 feet of frontage on US-1/N Ridgewood Avenue, this property benefits from approximately 29,000 cars passing daily. Zoned Business Professional (BP), the site allows for a wide array of uses, including but not limited to multifamily dwellings, hotels/motels, assisted living facilities, daycare centers, restaurants, and various retail establishments. A comprehensive list of permitted uses is available upon request. The property's strategic 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. Its proximity to colleges, banks, restaurants, parks, the International Speedway, and major events such as Bike Week and NASCAR further enhances its appeal. The property includes parcel numbers 533832000360, 5338-32-00-0340, and 533832000350. The asking price is $289,000. All information is deemed reliable but not guaranteed and should be independently verified.

    Property Features for 424 Ridgewood Ave

    General Information

    Property type
    Land

    HighLights

    • $289,000 asking price.
    • 10,454.4 sq ft lot size.
    • Business Professional (BP) zoning.
    • Three parcels (420, 424, and 428 N Ridgewood Ave) totaling approximately 0.24 acres with 136 feet of frontage on US‑1/N Ridgewood Ave.
    • High traffic location (approx. 29,000 cars daily).
    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
    -81.027328
    Latitude
    29.218699

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    FAQs

    What type of property is this?
    Land - Prime US-1 location, high traffic.
    Where is this land located?
    The property is located at 424 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.; 10,454.4 sq ft lot size.; Business Professional (BP) zoning.
    (386) 261-9507
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    424 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
    424 Ridgewood Ave Daytona Beach, FL 32114
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