1635 Ridgewood AveSouth Daytona, FL 32119
- Mixed-use properties
- 15,171 SF
Property Details for 1635 Ridgewood Ave
- Year built
- 1987
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.84 AC
- Property size (Sq ft)
- 15,171 SF
- Zone code
- BR
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 5344-16-00-0588
- APU
- 534416000588
Description
This South Daytona commercial property offers two available office suites in a Class B, two-story building totaling 15,171 square feet situated on a 0.84-acre lot. The suites are located on the second floor and are ideal for small businesses or individual professionals. Suite 224 offers approximately 150 square feet of space for $425 per month, all-inclusive of sales tax and utilities. Suite 212-213 provides approximately 400 square feet for $625 per month, also inclusive of sales tax and utilities. Both suites benefit from access to a large shared conference room, common restrooms, and a lobby area. Ample parking is available, along with excellent signage opportunities. The building features an elevator for convenient access to the second floor. The property is zoned BGC and has a Volusia County APN of 534416000588. The building is under new ownership and management, promising a refreshed and well-maintained environment. Minimum leasable space is 150 square feet, with a maximum contiguous space of 1,000 square feet available. This property presents a fantastic opportunity for businesses seeking flexible and affordable office space in a convenient South Daytona location.
Valuation
by PT Realty methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,952,495
- 6.5%
- $3,648,457
- 7%
- $3,387,853
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,473,215
- Geo Method
- $2,624,985
-
Alternative Use
- Use
- Valuation
- Residential
- $3,648,457
- Hospitality
- $3,341,967
- Educational
- $2,780,477
- Medical
- $2,876,102
- Retail
- $4,325,186
Location Insight
- City
- South Daytona
- County
- Volusia
- State
- Florida
- Latitude
- 29.1824
- Longitude
- -81.0072
- CBSA code
- 19660
- CBSA name
- DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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