138 Ridgewood AveDaytona Beach, FL 32114

Property Details for 138 Ridgewood Ave

Year built

2022

Construction

WOOD

Lot size

0.86 AC

Property size (Sq ft)

1,456 SF

Zone code

BR2

Property type

Industrial properties

Property subtype

Other distribution properties

APN

5339-01-20-0020

APU

533901200020

Description

This exceptional investment opportunity presents a 1,456 square foot executive office building located at 138 S Ridgewood Ave, Daytona Beach, Florida, 32114. The property, built in 2022, sits on a 0.86-acre lot and is currently 100% occupied under a NNN lease with Greyhound, a tenant with a history exceeding 20 years at this location. The lease, expiring October 19, 2029, features a 3.5% annual base rent increase, resulting in a strong 7.75% cap rate. The building is classified as Class C and is zoned RDD3. This single-story structure offers minimal landlord responsibilities, making it an attractive investment for passive income seekers. The strategic location in downtown Daytona Beach, just south of a new Wawa and International Speedway Boulevard, ensures high visibility and accessibility. The asking price is $1,190,000. No lease extension options are available. This is a single-tenant property with a proven track record and significant upside potential. The property features state-of-the-art construction and represents a rare opportunity to acquire a well-located, income-producing asset with a strong tenant. The Volusia County property's APN is 533901200020.

• Alternative Use

  Use

  Valuation

  Residential

  $349,871

  Hospitality

  $320,480

  Educational

  $266,636

  Medical

  $275,806

  Retail

  $414,767

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2092

Longitude

-81.0227

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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