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138 S Ridgewood Avenue, Daytona Beach, FL 32114

$1,050,000
Property Type: Commercial Sale Square Footage: 1,456 Lot Size (sq. ft.): 37,649 Status: Closed
Current Price: $1,050,000 List Date: 9/10/2024 Last Modified: 2/25/2025

Overview

Description

Greyhound NNN Lease - State of the Art 2022 Construction Strategically Located in Downtown Daytona Beach, FL Minimal Landlord Responsibilities - Lease Extension Through 10/20/2029 No Extension Options Available 3.5% Annual Base Rent Increases - 7.75% Cap Rate At Acquisition 1,456 SF Bus Terminal on 0.86 Acres Greyhound Has Been a Tenant at This Location for Over 20 Years Just South of New Wawa and International Speeday Blvd

Listing Details MLS# 1203712

General Property Information

Building Area Total
1456
Lot Size Acres
0.8643
Association YN
No
Water Body Access YN
No
Waterfront YN
No
Directions
Just South of International Speedway Blvd on the West Side of US Highway 1
Public Remarks
Greyhound NNN Lease - State of the Art 2022 Construction Strategically Located in Downtown Daytona Beach, FL Minimal Landlord Responsibilities - Lease Extension Through 10/20/2029 No Extension Options Available 3.5% Annual Base Rent Increases - 7.75% Cap Rate At Acquisition 1,456 SF Bus Terminal on 0.86 Acres Greyhound Has Been a Tenant at This Location for Over 20 Years Just South of New Wawa and International Speeday Blvd
List Price/SqFt
885.99
Sold Price/SqFt
721.15

Property Features

Lot Features: Other Parking Features: Other Sale Includes: Building & Land

Contract Information

Listing Contract Date
2024-09-10
Property Sub Type
Business

Location Tax and Legal

Street Number
138
Street Direction Prefix
S
Street Name
Ridgewood
Street Suffix
Avenue
County
Volusia
State
FL
Postal Code
32114
MLS Area Major
34 - Daytona ISB to Mason, E of 95

Status Change Information

Major Change Timestamp
2025-02-25T15:21:10Z
Major Change Type
Status Change
Purchase Contract Date
2025-01-07
Close Date
2025-02-24
Close Price
1050000

Location, Tax, and Legal

Country
US
Parcel Number
5339-01-20-0020
Tax Annual Amount
8991
Tax Year
2023
Tax Legal Description
39-15-33 LOT 2 EXC W 117.73 FT OF S 50.25 FT & EXC HWY R/W BLK 20 HODGMANS DAYTONA MB 12 PGS 13-15 PER OR 2953 PG 1027 PER OR 8138 PG 0561 PER OR 8353 PG 2073

More Information

Lot Features

Other
Yes

Parking Features

Other
Yes

Sale Includes

Building & Land
Yes
Listing Office: SVN Alliance Commercial Real Estate Advisors
Last Updated: February - 25 - 2025
Information deemed reliable but not guaranteed.

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