619-623 Ridgewood Ave Daytona Beach, FL 32114
This exceptional Daytona Beach investment opportunity encompasses two adjacent lots totaling 8,276.4 square feet, situated at 619-623 S Ridgewood Avenue, in the heart of the city's historic business district. Zoned T-2, this property allows for a wide array of uses, including multi-family housing, tourist accommodations, office space, restaurants, retail establishments, and residential development. Its prime location directly on US1 offers unparalleled visibility and accessibility. The lots are cleared and ready for development, with readily available water, sewer, and electricity connections. The property's proximity to the Halifax River, marina, riverfront parks, beaches, shops, and restaurants enhances its desirability. This is a remarkable chance to acquire a versatile property in the National Historic District, just a short drive from Daytona Beach's vibrant attractions. Potential buyers are encouraged to conduct their own due diligence, contacting the zoning department to discuss specific development plans and verify all acceptable zoning uses, measurements, and city requirements. The asking price is $180,000, with the possibility of a reduced price for a package deal including the adjacent lot. This is a compelling investment for discerning buyers seeking a prime location with diverse development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.