1635 S Ridgewood Avenue, South Daytona, FL 32119
$1,500,000
Property Type:
Commercial Sale
Square Footage:
15,171
Lot Size (sq. ft.):
36,590
Status:
Closed
Current Price:
$1,500,000
List Date:
1/09/2024
Last Modified:
1/30/2025
Description
Fully stabilized, concrete block construction office building for sale in high traffic, growing area.
Currently 95% occupied with upside to continue to increase rents to market rate.
The property consists of 8 first floor office spaces with 26 small, executive suites on the second floor.
Just minutes from Daytona Beach, Daytona International Speedway, and Daytona Beach International Airport.
Take advantage of an opportunity to purchase a property that is performing, has upside, and no looming deferred maintenance.
Supplements: Foam roof (top of the building) is 10 years old. Silicone coating applied in 2023 rated for 15 years. Steel roof is 10 years old. Sure-Cril Acrylic coating applied in 2023. 10/12 air conditioning units have been replaced in the past two years. The property is equipped with a commercial elevator.
More Information MLS# 1117888
General Property Information
Lot Size Acres: 0.84
Number Of Units Total: 34
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: Located on busy S. Ridgewood Avenue (US-1) in South Daytona just south of Beville Road.
Public Remarks: Fully stabilized, concrete block construction office building for sale in high traffic, growing area.
Currently 95% occupied with upside to continue to increase rents to market rate.
The property consists of 8 first floor office spaces with 26 small, executive suites on the second floor.
Just minutes from Daytona Beach, Daytona International Speedway, and Daytona Beach International Airport.
Take advantage of an opportunity to purchase a property that is performing, has upside, and no looming deferred maintenance.
Building Area Total: 15171
Lot Size Dimensions: 200x183
List Price/SqFt: 111.73
Sold Price/SqFt: 98.87
Year Built: 1987
Location, Tax, and Legal
Country: US
Parcel Number: 5344-16-00-0588
Tax Annual Amount: 19768
Tax Year: 2023
Tax Legal Description: W 200 FT OF LOT K EXC ST RD BLAKE PER OR 3944 PGS 4277 & 4280 PER OR 6668 PG 0490 PER OR 8225 PG 0427
Currently Not Used
Year Built: 1987
Building Features
Vac Off/Retail SqFt: 15171
Business Type
Professional Service: 1
Professional/Office: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): BGC; SqFt - Total: 15171.00; Confidential Listing: N; Franchise Opt In: No
Contract Information
Current Price: $1,500,000
Sold Price: $1,500,000
Status: Closed
Listing Contract Date: 2024-01-09
Property Sub Type: Business
Location Tax and Legal
Street Number: 1635
Street Direction Prefix: S
Street Name: Ridgewood
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32119
MLS Area Major: 25 - Daytona S of Beville, E of Nova
Status Change Information
Major Change Timestamp: 2025-01-30T13:59:00Z
Major Change Type: Status Change
Price Change Timestamp: 2024-08-13T15:17:08Z
Purchase Contract Date: 2024-11-05
Close Date: 2025-01-30
Close Price: 1500000
Property Features
Business Type: Professional Service; Professional/Office
Sale Includes: Building & Land
Listing Office:
SVN Alliance Commercial Real Estate Advisors
Last Updated: January - 30 - 2025
Information deemed reliable but not guaranteed.