Property profile

619-623 Ridgewood Ave Daytona Beach, FL 32114

OFF-MARKET
Office Spaces
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

619-623 Ridgewood Ave Daytona Beach, FL 32114
Daytona Beach metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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