5840 Ridgewood Ave, Port Orange, FL 32127-6423
- Retail space
- 3,000 SF
- 0.71 lot acres
Current Use by Public Records
- Retail space
Property Details for 5840 Ridgewood Ave
- Year built
- 1973
- Construction
- WOOD
- Lot size
- 0.71 lot acres
- Zone code
- B5
- Property type
- Retail space
- APN
- 6340-02-01-0120
- APU
- 634002010120
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 14, 2004 | $367,300 | Richard W Hilliard | Hilliard,w L | Grant Deed · related | $346k · Southtrust Bank NA |
| Jul 27, 1998 | $111,700 | Richard W Hilliard | Hilliard,wallace L | Grant Deed · related | $116k · Commercial Bank |
| — | — | Wallace L Hilliard | — | Deed Of Trust · related | $30k · Commercial Bank |
| — | — | Richard W Hilliard | — | Deed Of Trust · related | $263k · Wells Fargo Bank |
Description
This exceptional Port Orange investment property, located on a high-traffic section of US Highway 1, presents a compelling opportunity for savvy investors. The property, which has been owned by the same family for 50 years and is now offered for sale for the first time, comprises approximately 0.9 acres and features three distinct income-producing centers, all currently leased under net-net-net (NNN) leases. Building 1, a 3,000-square-foot structure, houses a flooring business. Building 2 and the associated parking lot encompass 13,000 square feet and currently accommodate an auto dealership. Additionally, a 10,000-square-foot area is designated for RV parking. Built in 1973, this special-purpose property offers significant potential for increased income or redevelopment. The asking price is $895,000, representing an attractive cap rate of 8% or more. This property is ideally suited for a 1031 exchange, making it an even more attractive proposition for investors seeking tax-advantaged opportunities. The property's prime location and diverse income streams make it a truly exceptional investment opportunity in a thriving Florida market. The address is 5840 S Ridgewood Avenue, Port Orange, FL 32127.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Port Orange
- County
- Volusia
- State
- Florida
- Longitude
- -80.9736
- Latitude
- 29.1095
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
