3350 S Ridgewood Avenue, Port Orange, FL 32129 (MLS# 1083162)

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

Overview

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.

Listing Details MLS# 1083162

General Property Information

Number Of Units Total: 2
Building Area Total: 39960
Year Built: 1982
Lot Size Acres: 3.61
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.
List Price/SqFt: 60.06
Sold Price/SqFt: 55.87

Property Features

Business Type: Commercial; Restaurant; Retail Current Use: Retail; Shopping Center Location: Shopping Center Sale Includes: Building & Land

Contract Information

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

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

More Information

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: Yes
Shopping Center: Yes

Business Type

Commercial: Yes
Restaurant: Yes
Retail: Yes

Location

Shopping Center: Yes

Sale Includes

Building & Land: Yes

Listing Office: SVN Alliance Commercial Real Estate Advisors

Last Updated: September - 28 - 2024

Information deemed reliable but not guaranteed.

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