3350 S Ridgewood Avenue, Port Orange, FL 32129
$2,232,500
Property Type:
Commercial Sale
Square Footage:
39,960
Lot Size (sq. ft.):
157,252
Status:
Closed
Current Price:
$2,232,500
List Date:
4/26/2021
Last Modified:
9/28/2024
Description
Income Producing Retail Plaza For Sale.
100% occupied.
7.25% Cap Rate.
39,960 SF Retail Center in Port Orange.
Built in 1982 on 3.61+/- acres with 268+/ feet on Ridgewood Avenue.
Well maintained and recently painted exterior.
Approximately 81 parking spaces.
Tenants include: American Freight of Central Florida, Inc and Harvest Time International, Inc.
The 5-mile trade area is supported by a population of nearly 111,650 residents with an average household income of $66,624.
Supplements: Income Producing Retail Plaza For Sale. 100% occupied. 39,960 SF Retail Center in Port Orange. Built in 1982 on 3.61+/- acres with 268+/ feet on Ridgewood Avenue. Well maintained and recently painted exterior. Approximately 81 parking spaces.
More Information MLS# 1083162
General Property Information
Lot Size Acres: 3.61
Number Of Units Total: 2
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: Located on the west side of Ridgewood Avenue just south of ENCLAVE AT 3230 a new 256 luxury apartment complex
Public Remarks: Income Producing Retail Plaza For Sale.
100% occupied.
7.25% Cap Rate.
39,960 SF Retail Center in Port Orange.
Built in 1982 on 3.61+/- acres with 268+/ feet on Ridgewood Avenue.
Well maintained and recently painted exterior.
Approximately 81 parking spaces.
Tenants include: American Freight of Central Florida, Inc and Harvest Time International, Inc.
The 5-mile trade area is supported by a population of nearly 111,650 residents with an average household income of $66,624.
Building Area Total: 39960
List Price/SqFt: 60.06
Sold Price/SqFt: 55.87
Year Built: 1982
Location, Tax, and Legal
Country: US
Parcel Number: 6303-00-00-0010
Tax Annual Amount: 22867
Tax Year: 2020
Tax Legal Description: 03 16 33 LOT 1 W OF RIDGEWOOD AVE & N OF CANAL EXC IRREG PARCEL BEING N 409.1 FT AS MEAS ON THE W/L & BEING 867.3 FT MEAS ON THE S/L & EXC IRREG PARCEL BEING 466.19 FT ON N/L & MEAS 200 FT ON THE W/L OF US HWY 1 & EXC THE W 1/2 OF THIS PARCEL MEAS 310 FT ON THE W/L & MEAS 380 FT ON THE N/L & MEAS 367.69 ON THE E/L PER OR 2261 PG 1226 PER OR 7309 PGS 4116-4117
Zoning Description: Retail
Currently Not Used
Year Built: 1982
Current Use
Retail: 1
Shopping Center: 1
Business Type
Commercial: 1
Restaurant: 1
Retail: 1
Location
Shopping Center: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Zoning (Text): RD; Bldg Type/Location: Free Standing; SqFt - Total: 39960.00; Confidential Listing: N; Commercial Property Name: Retail Plaza; Franchise Opt In: No
Contract Information
Current Price: $2,232,500
Sold Price: $2,232,500
Status: Closed
Listing Contract Date: 2021-04-26
Property Sub Type: Business
Location Tax and Legal
Street Number: 3350
Street Direction Prefix: S
Street Name: Ridgewood
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32129
MLS Area Major: 24 - Port Orange N of Dunlawton, E of 95
Status Change Information
Major Change Timestamp: 2022-02-16T15:01:11Z
Major Change Type: Status Change
Purchase Contract Date: 2021-10-20
Close Date: 2022-02-15
Close Price: 2232500
Property Features
Business Type: Commercial; Restaurant; Retail
Current Use: Retail; Shopping Center
Location: Shopping Center
Sale Includes: Building & Land
Listing Office:
SVN Alliance Commercial Real Estate Advisors
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.