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    1501 Ridgewood Ave Holly Hill, FL 32117

    Sponsored
    For Sale
    $1,400,000

    Prime Volusia County retail building, high-traffic location.

    Property size:
    14,492 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional value-add opportunity presents a two-story, 14,492 square foot retail building situated at 1501 Ridgewood Ave, Daytona Beach, FL 32117, in Volusia County. Currently operating as a multi-tenant property with 25 units, this Class B building offers significant upside potential. Constructed in 1987 and renovated in 1993, the property features concrete block construction and benefits from a 2005 roof installation. The building boasts excellent visibility and signage opportunities on high-traffic US-1 (24,000 ADT), and includes solar panels to reduce operating costs. An elevator ensures ADA compliance. The first floor comprises eight separate units, while the second floor offers smaller offices with shared restrooms and a conference room. A large rear parking lot provides ample space. The asking price is $1,400,000, translating to $96.61 per square foot. This property is zoned B4 and presents an ideal investment for those seeking to increase rental income through renovations and lease adjustments. The proximity to Daytona International Speedway and the beach further enhances its appeal. Many long-standing tenants are in place, and a large electronic sign offers additional advertising potential. This is a rare opportunity to acquire a well-located, income-producing property with substantial growth potential.

    Property Features for 1501 Ridgewood Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    14,492 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1987/1993
    Buildings
    1
    Stories
    2
    Units
    25

    HighLights

    • Reduced operating costs via on‑site solar panels.
    • High visibility and signage on US‑1 (24,000 ADT).
    • ADA‑compliant elevator and strong tenant occupancy.
    • 2005 roof installation.
    • Large electronic sign for advertising opportunities.
    Property Profile Location Intelligence

    Current Use by Public Records

    DLP Property Management Real Estate Agency Dr. Jayne Kwiatkowski Chiropractor PHLEBS'R'US LLC Training Centre First Look Property ... Property Management Company The Aesthetics Parlour Inc Waxing Hair Removal Service

    Suggested Use

    Realty agency Law Firm Restaurant 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
    Holly Hill
    County
    Volusia
    State
    Florida
    Longitude
    -81.0451079
    Latitude
    29.2527699

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    FAQs

    What type of property is this?
    Individual retail property - Prime Volusia County retail building, high-traffic location.
    Where is this individual retail property located?
    The property is located at 1501 Ridgewood Ave Holly Hill, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Reduced operating costs via on-site solar panels.; High visibility and signage on US-1 (24,000 ADT).; ADA-compliant elevator and strong tenant occupancy.
    Request Owner's contact information
    1501 Ridgewood Ave 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
    1501 Ridgewood Ave Holly Hill, FL 32117
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