1615 Ridgewood AveHolly Hill, FL 32117

Property Details for 1615 Ridgewood Ave

Year built

1974

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.50 AC

Property size (Sq ft)

4,324 SF

Zone code

B4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

4242-20-09-0080

APU

424220090080

Description

This exceptional offering presents a rare opportunity to lease fully-equipped executive office suites in Daytona Beach, Florida. Located on high-traffic Ridgewood Avenue (US Hwy 1), this prime location ensures excellent visibility and accessibility. The property comprises two Class B buildings, totaling 9,706 square feet, constructed in 1974 and extensively renovated in 2021. Currently, approximately 1,000 square feet of space is available for lease. The suites boast 8-foot ceilings, 120V power, and modern amenities including LED lighting and surveillance systems. Leases are gross, meaning utilities are included in the monthly rent. Several turn-key options are available, featuring fresh carpet, flooring, and paint. The spaces are ideal for small businesses or individuals seeking a convenient and cost-effective workspace. Available units include: Building 1615, Unit 108 (12x12, $425/month)

• CAP approach

  CAP return

  Valuation

  6%

  $912,682

  6.5%

  $842,476

  7%

  $782,299

• Comparable approach

  Method

  Valuation

  Relative Method

  $748,167

  Geo Method

  $748,167

• Alternative Use

  Use

  Valuation

  Residential

  $842,476

  Hospitality

  $771,703

  Educational

  $642,048

  Medical

  $664,129

  Retail

  $998,741

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2569

Longitude

-81.0471

CBSA code

19660

CBSA name

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

Property Tax & Assessments

FAQs

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