468 Ridgewood AveHolly Hill, FL 32117

Property Details for 468 Ridgewood Ave

Year built

1947

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.03 AC

Property size (Sq ft)

10,248 SF

Zone code

B4

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

4244-01-22-0310

APU

424401220310

Description

This exceptional 1,000-square-foot commercial property, located at 468 Ridgewood Avenue in Holly Hill, Florida, presents a remarkable opportunity for a diverse range of businesses. Situated on a 1.03-acre lot (APN 4244-01-22-0310), this single-tenant space boasts prime visibility on the busy US 1 highway, ensuring high traffic exposure. The property's CC1 mixed-use zoning allows for a wide array of potential uses, making it ideal for retail, office, or service-oriented businesses. The unit itself offers approximately 1,000 square feet of usable space, complemented by convenient garage bays and outdoor storage options for company vehicles and additional storage needs. All utilities are included, simplifying operations and reducing overhead. Its central Holly Hill location provides easy access to major interstate routes, local hospitals, beautiful beaches, and a variety of restaurants, making it an attractive location for both employees and customers. This property offers a compelling blend of location, flexibility, and amenities, representing an excellent investment opportunity in a thriving area. The property is a single-suite building on a single lot.

• CAP approach

  CAP return

  Valuation

  6%

  $2,328,513

  6.5%

  $2,149,397

  7%

  $1,995,868

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,962,858

  Geo Method

  $1,773,176

• Alternative Use

  Use

  Valuation

  Residential

  $2,149,397

  Hospitality

  $1,968,836

  Educational

  $1,638,048

  Medical

  $1,694,383

  Retail

  $2,548,075

Location Insight

City

Daytona Beach

County

Volusia

State

Florida

Latitude

29.2336

Longitude

-81.0357

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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