4770 Ridgewood Ave Port Orange, FL 32127
- Investment properties
- 5,240 SF
- 0.60 lot acres
Current Use by Public Records
- Investment properties
Property Details for 4770 Ridgewood Ave
- Year built
- 1983
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.60 lot acres
- Property size
- 5,240 SF
- Zone code
- HC
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 6303-13-03-0090
- APU
- 630313030090
Description
This exceptional 5,000 square foot office building, situated on a 0.59-acre lot (APN 63031030090), presents a unique investment opportunity. Originally constructed in the early 1980s, the building boasts a solid block construction and ample parking, a significant advantage in this desirable location. Its prime position along Ridgewood Avenue in Port Orange's Riverwalk corridor offers excellent visibility and accessibility. The building's convenient location is directly across from the Port Orange Adult Community Center, ensuring high foot traffic and a strong presence within the community. The property features a single tenant occupancy, currently configured as a 2,200 square foot former medical office. This space includes a welcoming lobby, a dedicated reception area, a functional kitchen, six exam rooms, and three private bathrooms, providing a versatile layout adaptable to various professional uses. The remaining 2,800 square feet offers significant potential for expansion or customization to suit specific business needs. The building's solid construction and desirable location make it an attractive investment for both owner-occupiers and investors seeking a stable, high-demand property in a thriving area. This is a rare opportunity to acquire a well-established building in a highly sought-after location. The property's size and layout offer flexibility for a variety of businesses, making it an ideal investment for long-term growth and profitability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $540,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $530,000
- 6.5%
- $495,000
- 7%
- $550,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $470,000
- Geo Method
- $540,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $455,000
- Retail
- $455,000
- Mixed-Use
- $535,000
- Hospitality
- $455,000
- Educational
- $485,000
- Residential Income
- $460,000
- Energy
- $460,000
- Income-Based Land
- $485,000
- Food Service
- $500,000
Location Insight
- Map
- Local Demand
- City
- Port Orange
- County
- Volusia
- State
- Florida
- Longitude
- -80.9843
- Latitude
- 29.1355
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
