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Property profile & analytics
OFF-MARKET
Banks

1600 Ridgewood Ave Daytona Beach, FL 32117-1734

4,513 SF 1.17 ac lot Built 1963
Entity Owned 5-yr Hold Free & Clear
Property ID
US18-5171155
Property summary
AI-generated overview

This exceptional 0.65-acre commercial land parcel presents a remarkable investment opportunity in Daytona Beach, Florida. Situated on a high-traffic hard corner at 1600 S Ridgewood Ave, this property boasts unparalleled visibility and accessibility. The BGC (Business General Commercial) zoning allows for a diverse range of commercial uses, making it ideal for a variety of businesses. While located within a Community Redevelopment Area (CRA), there are some restrictions on automotive-related businesses. This prime location offers significant advantages, with proximity to key attractions and amenities. Directly across from the Daytona Beach Golf Club and a Racetrac gas station, this property benefits from high daily traffic volume. Furthermore, its location just two miles from Embry-Riddle Aeronautical University, Daytona Beach International Airport, and Daytona International Speedway ensures consistent exposure to a large and diverse customer base. The asking price for this exceptional property is $575,000. This is a rare opportunity to acquire a strategically located commercial lot with significant development potential in a thriving Florida market. The property's high visibility and convenient location make it an attractive investment for both established businesses and new ventures. Don't miss this chance to secure a prime piece of Daytona Beach real estate. The address is 1600 S Ridgewood Ave, Daytona Beach, FL 32119, Volusia County.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,513 SF
Lot 1.17 ac (51,062 SF)
Zoning code B4
APN 4242-20-10-0010
UPID US18-5171155
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Wells Fargo Bank Atm Bank
  • Wells Fargo ATM Atm
  • Cash4harleyparts.com Auto Parts Store Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
State Of Florida Dept Of Transpor · 5 yrs held
State Of Florida Dept Of Transpor
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
B4 · Daytona Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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