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    FOR SALE
    Grocery and convenience stores

    2323 S Ridgewood Ave, South Daytona, FL 32119

    2,407 SF 0.66 ac lot Built 1962
    Entity Owned 11-yr Hold Free & Clear
    Property ID
    US19-0381422
    Property summary
    AI-generated overview

    This exceptional South Daytona, Florida commercial property presents a lucrative investment opportunity. Located at 2323 S Ridgewood Avenue, this 2,407 square foot retail building sits on a prominent corner lot with high visibility and exceptional traffic counts, boasting 28,500 AADT. Currently operating as a convenience store under a triple net (NNN) lease extending until 2035, this property offers immediate income potential. The building, constructed in 1962, is ideally situated across from Publix and Sunshine Park Mall, ensuring consistent customer flow. The property's zoning allows for a variety of uses, including restaurants, retail shops, or offices, providing flexibility for future development. The asking price is $695,000. This is a turnkey operation with a long-term lease, making it an attractive investment for those seeking a stable, income-generating asset. Note that gas stations and automotive uses are prohibited per the lease agreement. The property is situated in Volusia County, Florida, zip code 32119. This prime location offers significant potential for growth and return on investment. The property is offered as-is. Serious inquiries only.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 1962
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 2,407 SF
    Lot 0.66 ac (28,800 SF)
    Zoning code BA
    APN 5344-12-00-0400
    UPID US19-0381422
    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
    • Isalis (Bike/Boat/Book/etc) Store
    • Party City Party Supply Store (Bike/Boat/Book/etc) Store
    • Skunk Funk Big Box & Wholesale Store
    • Carl's Trading Co Hat Shop
    • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Nld Daytona LLC · 11 yrs held
    Nld Daytona LLC
    since 2014
    5 recorded transactions
    2014
    $680,000
    2007
    $565,000
    1969
    1969
    1969
    Zoning & alternative use
    BA · South Daytona, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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