5993 Ridgewood Ave Port Orange, FL 32127-6803
This exceptional commercial property, located at 5993 Ridgewood Avenue in Port Orange, Florida, 32127, presents a unique investment opportunity. The 15,902 square foot space sits on a 20,908.8 square foot lot and boasts a diverse range of potential uses, including auto shop, bar, convenience store, restaurant, hotel, warehouse, and executive office space. Built in 1949, the property's versatile layout allows for various business configurations. Its prime location offers high visibility and accessibility, situated in a high-traffic area with convenient access to major roadways and local amenities. The property benefits from the thriving Port Orange market, presenting significant growth potential for investors and businesses alike. Currently, the property includes a restaurant and a watersports business as tenants, providing a steady income stream. The property's proximity to the beach and Rose Bay offers breathtaking views, creating a desirable and inspiring work environment. This is an ideal opportunity for expansion, new ventures, or a lucrative investment in a dynamic and growing community. The property consists of two parcels, #631403170010 and #631403160250. This multifaceted property offers a blend of established businesses and significant potential for future development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B4 · Port Orange, FLPort Orange. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.