148 S Ridgewood Avenue, Daytona Beach, FL 32114
$675,000
Property Type:
Commercial Sale
Square Footage:
6,296
Lot Size (sq. ft.):
19,602
Status:
Closed
Current Price:
$675,000
List Date:
5/15/2024
Last Modified:
9/28/2024
Description
Gorgeous income producing office building. Needs nothing but a new owner! Historic office tenant building located on high and dry parcel, on high-visibility corner, with long-term lease that includes 2.5% base rent adjustment annually through 2027 and includes 2 optional renewal terms through 2031. Building was extensively renovated to include new HVAC and interiors in 2019 & 2023. Paved parking with 12 lots striped with new stops & additional concrete slab. There is no deferred maintenance or issues. 904 sq ft walk-in basement has additional storage for owner use. Showings must be minimum 24 hours in advance due to nature of tenant's business.
More Information MLS# 1118300
General Property Information
Lot Size Acres: 0.45
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: Follow US-92 E/W International Speedway Blvd towards beach to S Ridgewood Ave; turn right on S Ridgewood; corner lot.
Public Remarks: Gorgeous income producing office building. Needs nothing but a new owner! Historic office tenant building located on high and dry parcel, on high-visibility corner, with long-term lease that includes 2.5% base rent adjustment annually through 2027 and includes 2 optional renewal terms through 2031. Building was extensively renovated to include new HVAC and interiors in 2019 & 2023. Paved parking with 12 lots striped with new stops & additional concrete slab. There is no deferred maintenance or issues. 904 sq ft walk-in basement has additional storage for owner use. Showings must be minimum 24 hours in advance due to nature of tenant's business.
Building Area Total: 6296
Lot Size Dimensions: 110x180
List Price/SqFt: 123.09
Sold Price/SqFt: 107.21
Year Built: 1923
Location, Tax, and Legal
Country: US
Parcel Number: 5339-17-00-0010
Tax Annual Amount: 9349
Tax Year: 2023
Tax Legal Description: LOT 1 EXC HIWAY JAMES LUTHER SUB LOT 1 BLK 20 HODGEMANS MAP OF DAYTONA MB 12 PG 163 PER OR 2206 PG 1354 PER OR 4335 PG 3572 PER OR 6632 PG 1802 PER OR 7663 PG 1723
Currently Not Used
Year Built: 1923
Accessibility Features YN: Yes
Status Change Information
Contingent Date: 2024-05-06
Major Change Timestamp: 2024-07-30T18:15:03Z
Major Change Type: Status Change
Price Change Timestamp: 2024-04-04T18:43:11Z
Purchase Contract Date: 2024-06-24
Close Date: 2024-07-30
Close Price: 675000
Construction Materials
Block: 1
Concrete: 1
Cooling
Central Air: 1
Heating
Central: 1
Listing Terms
Lease Option: 1
Other: 1
Owner Pays
Grounds Care: 1
Insurance: 1
Taxes: 1
Road Frontage Type
City Street: 1
Roof
Shingle: 1
Security Features
Security Fence: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Building Features
Ceiling Eve Height: 11 - 14 Feet High
Kitchen Facilities: 1
Private Restroom: 1
Public Restroom: 1
Showroom: 1
Vac Off/Retail SqFt: 4888
Business Type
Professional Service: 1
Professional/Office: 1
Existing Lease Type
Gross: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): B2; Bldg Type/Location: Free Standing; # Parking: 13; Included in Sale: Signs - Owned; Lease Provisions: 3 - 5 Years, Renewal Option; Parking: Lighted, Paved; SqFt - Total: 4888.00; Confidential Listing: N; % Occupancy: 100.00; Financial Package: Yes; Franchise Opt In: Yes; Current # Tenant: 1.0000
Contract Information
Current Price: $675,000
Sold Price: $675,000
Status: Closed
Listing Contract Date: 2024-01-18
Property Sub Type: Business
Location Tax and Legal
Street Number: 148
Street Direction Prefix: S
Street Name: Ridgewood
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32114
MLS Area Major: 32 - Daytona Beville to ISB, E of 95
Property Features
Building Features: Kitchen Facilities; Private Restroom; Public Restroom; Showroom
Business Type: Professional Service; Professional/Office
Construction Materials: Block; Concrete
Cooling: Central Air
Existing Lease Type: Gross
Heating: Central
Listing Terms: Lease Option; Other
Owner Pays: Grounds Care; Insurance; Taxes
Road Frontage Type: City Street
Roof: Shingle
Sale Includes: Building & Land
Security Features: Security Fence
Sewer: Public Sewer
Water Source: Public
Listing Office:
LPT Realty, LLC
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.