1635 S Ridgewood Avenue, South Daytona, FL 32119 (MLS# 1117888)

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

Overview

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.

Listing Details MLS# 1117888

General Property Information

Number Of Units Total: 34
Building Area Total: 15171
Year Built: 1987
Lot Size Acres: 0.84
Lot Size Dimensions: 200x183
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.
List Price/SqFt: 111.73
Sold Price/SqFt: 98.87

Property Features

Business Type: Professional Service; Professional/Office Sale Includes: Building & Land

Contract Information

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

Building Features

Vac Off/Retail SqFt: 15171

More Information

Historical Information

Public Historical Remarks 1: Zoning (Text): BGC; SqFt - Total: 15171.00; Confidential Listing: N; Franchise Opt In: No

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

Business Type

Professional Service: Yes
Professional/Office: Yes

Sale Includes

Building & Land: Yes

Listing Office: SVN Alliance Commercial Real Estate Advisors

Last Updated: January - 30 - 2025

Information deemed reliable but not guaranteed.

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