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Property profile & analytics
FOR SALE
Retail space

719 N Ridgewood Ave Daytona Beach, FL 32114

6,300 SF 0.56 ac lot Built 1948
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US18-9765497
Property summary
AI-generated overview

This Daytona Beach, Florida storefront presents a compelling owner-user investment opportunity. The 6,300-square-foot building, situated on a 24,541-square-foot lot, boasts a fully renovated showroom featuring private offices and a conference room. Completed in 2021, renovations included new impact doors and windows, and new Hardi siding. The warehouse area offers high ceilings, two roll-up doors, and an employee bathroom. The property benefits from a 100% occupancy rate and is zoned BR-1. Located on a high-traffic street (28,000 AADT) with excellent visibility, this property enjoys proximity to downtown Daytona Beach, colleges, shopping, and restaurants. The large fenced lot provides ample parking and storage space. Built in 1948, this single-story building represents a turnkey asset in a high-growth area with easy freeway access. The asking price is $1,199,900, translating to $190.46 per square foot. The property's APN is 533801080101. This versatile property is ideal for a variety of retail or warehouse uses.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1948
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,300 SF
Lot 0.56 ac (24,541 SF)
APN 5338-01-08-0101
UPID US18-9765497
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Owner & transaction history
Hanks Enterprise INC · 2 yrs held
Hanks Enterprise INC
since 2023
Last sale
$358,254
3 recorded transactions
2023
$358,254
2021
$42,500
2021
$260,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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