1326 Ridgewood AveDaytona Beach, FL 32114

Property Details for 1326 Ridgewood Ave

Year built

1988

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.04 AC

Property size (Sq ft)

1,800 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

5340-29-00-0110

APU

534029000110

Description

This exceptional executive office space, located at 1326 S Ridgewood Avenue in Daytona Beach, Florida, 32114, presents a fantastic investment opportunity. Priced at $124,500, this 871.2 square foot commercial property boasts a highly desirable location near shopping, banking, and dining establishments. Built in 1987 and extensively renovated in 2014, the space features new wood flooring, fresh interior paint, and a newly installed AC system. The roof was replaced in 2023, ensuring long-term building integrity. The interior layout includes a convenient utility closet, a kitchenette perfect for employee use, a welcoming reception area, and four private offices, providing ample space for a variety of business needs. Accessibility is ensured with a handicap-accessible bathroom and shower. Two designated parking spaces are guaranteed, with additional guest parking available. The property is part of a condo association, with monthly common area fees of $287 and annual property taxes of $1,011.55. This turnkey office space is ready for immediate occupancy and offers a blend of modern amenities and a convenient location, making it an ideal choice for businesses seeking a thriving environment in Daytona Beach. The property is classified as Retail, Land, and Office.

• CAP approach

  CAP return

  Valuation

  6%

  $468,874

  6.5%

  $432,807

  7%

  $401,892

• Comparable approach

  Method

  Valuation

  Relative Method

  $412,000

  Geo Method

  $311,448

• Alternative Use

  Use

  Valuation

  Residential

  $432,807

  Hospitality

  $396,449

  Educational

  $329,841

  Medical

  $341,184

  Retail

  $513,085

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.1873

Longitude

-81.0106

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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