Property profile

2323 S Ridgewood Ave South Daytona, FL 32119

FOR SALE
Grocery and convenience stores
Property ID
US19-0381422
2,407 SF 0.66 ac lot Built 1962
Entity Owned 11-yr Hold Free & Clear
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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

Location

2323 S Ridgewood Ave South Daytona, FL 32119
South Daytona metro Census 82401 DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2014
5 recorded transactions
2014
$680,000
2007
$565,000
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BA · South Daytona, FL

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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