520 Ridgewood AveDaytona Beach, FL 32114

Property Details for 520 Ridgewood Ave

Year built

1903

Construction

WOOD

Lot size

0.23 AC

Property size (Sq ft)

4,440 SF

Property type

Residential income properties

Property subtype

Residential income homes

APN

5338-20-03-0060

APU

533820030060

Description

This exceptional 4,200-square-foot industrial flex space, located at 520 Ridgewood Ave in Daytona Beach, Florida, 32117, presents a unique investment opportunity. Built in 1985, the property boasts 150 feet of frontage on a busy US1 location, offering excellent visibility and signage potential. The space is currently configured as a successful automotive shop, having operated there for the past 15 years. The layout includes a functional 2,000-square-foot warehouse area featuring a large 12-foot roll-up bay door and impressive 17-foot high ceilings. In addition, there is approximately 2,200 square feet of office/showroom space, which is adaptable to suit various business needs and can be scaled down to reduce operational costs. The property includes two bathrooms, one of which has a shower. Ample parking is available with approximately 40 spaces. The property is available for occupancy on August 1st. This single-tenant property is classified as Industrial, Special Purpose, with subtypes including Flex, Manufacturing, and Warehouse. Its prime location and versatile layout make it ideal for a variety of businesses. Contact the property manager for a showing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,155,508

  6.5%

  $1,066,623

  7%

  $990,436

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,015,107

  Geo Method

  $768,238

• Alternative Use

  Use

  Valuation

  Residential

  $1,066,623

  Hospitality

  $977,021

  Educational

  $812,870

  Medical

  $840,826

  Retail

  $1,264,465

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.22

Longitude

-81.0281

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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