700 Ridgewood Avenue 100-210, Holly Hill, FL 32117
$3,500,000
Property Type:
Commercial Sale
Lot Size (sq. ft.):
71,874
Status:
Closed
Current Price:
$3,500,000
List Date:
10/25/2023
Last Modified:
9/28/2024
Description
Outstanding commercial investment property! With tilt wall construction, impact-resistant glass storefront and metal roofs, this property offers almost 20,000 square feet of space. Zoned CC-1, property is suitable for a wide range of uses including retail, light industrial, and warehouse. Solid, newer construction lends itself to low maintenance and is insurance friendly. Situated in a prime location with strong traffic counts, this property has excellent visibility. In addition, the property was developed with an on-site underground retention system, an environmentally conscious feature that also enhances space utilization and drainage efficiency. This commercial property is a value-add opportunity, with 25% of space currently leased well below market.
Seller would prefer owner finan
More Information MLS# 1115499
General Property Information
Lot Size Acres: 1.65
Number Of Units Total: 17
Association YN: No
Water Body Access YN: No
Waterfront YN: No
Directions: Quarter mile south of LPGA on the west side of US1
Public Remarks: Outstanding commercial investment property! With tilt wall construction, impact-resistant glass storefront and metal roofs, this property offers almost 20,000 square feet of space. Zoned CC-1, property is suitable for a wide range of uses including retail, light industrial, and warehouse. Solid, newer construction lends itself to low maintenance and is insurance friendly. Situated in a prime location with strong traffic counts, this property has excellent visibility. In addition, the property was developed with an on-site underground retention system, an environmentally conscious feature that also enhances space utilization and drainage efficiency. This commercial property is a value-add opportunity, with 25% of space currently leased well below market.
Seller would prefer owner finan
Lot Size Dimensions: 260x276
Year Built: 2014
Location, Tax, and Legal
Country: US
Parcel Number: 4244-01-16-0120
Tax Annual Amount: 38703
Tax Year: 2022
Tax Legal Description: LOTS 12 & 13 EXC RD BLK 16 M & C HOLLY HILL PER OR 5263 PG 0984 PER OR 7708 PG 3112 PER OR 7722 PGS 3579-3581 PER OR 7791 PG 4256
Zoning Description: Other
Currently Not Used
Unit Number: 100-210
Year Built: 2014
Accessibility Features YN: Yes
Status Change Information
Contingent Date: 2024-02-05
Major Change Timestamp: 2024-04-02T17:23:24Z
Major Change Type: Status Change
Purchase Contract Date: 2024-02-05
Close Date: 2024-04-01
Close Price: 3500000
Construction Materials
Concrete: 1
Cooling
Multi Units: 1
Current Use
Industrial: 1
Mixed Use: 1
Retail: 1
Shopping Center: 1
Electric
200+ Amp Service: 1
220 Volts: 1
440 Volts: 1
Underground: 1
Heating
Varies by Unit: 1
Income and Expenses
Gross Income: 299355.7
Net Operating Income: 228164.7
Listing Terms
Other: 1
Owner Pays
Electricity: 1
Exterior Maintenance: 1
Grounds Care: 1
Insurance: 1
Management: 1
Other Tax: 1
Pest Control: 1
Repairs: 1
Road Frontage Type
City Street: 1
Highway: 1
Other: 1
Roof
Metal: 1
Security Features
Security Fence: 1
Sewer
Public Sewer: 1
Utilities
Separate Electric Meters: 1
Separate Water Meters: 1
Sewer Available: 1
Water Source
Public: 1
Building Features
Overhead Crane: 1
Private Restroom: 1
Showroom: 1
Vac Off/Retail SqFt: 8081
Vac Warehouse SqFt: 11614
Business Type
Business Park: 1
Commercial: 1
Industrial: 1
Manufacturing: 1
Mixed: 1
Professional Service: 1
Professional/Office: 1
Recreation: 1
Restaurant: 1
Retail: 1
Warehouse: 1
Wholesale: 1
Existing Lease Type
NNN: 1
Location
Commerce Park: 1
Shopping Center: 1
Sale Includes
Building & Land: 1
Historical Information
Public Historical Remarks 1: Ceiling Height: 21 - 25 Feet High,Varied Height; Bldg Type/Location: Free Standing; Interior Improvement: Display Window, Ground Level Door, Truck Drive in Door; Income/Operating Inc: NOI: 228164.7; Included in Sale: Signs - Owned; Lease Provisions: 3 - 5 Years; Meters: # Electric Meters: 19, # Water Meters: 18; Parking: Lighted, Paved; SqFt: Occupied SqFt: 19563; Site Improvements: Curb/Sidewalks, Gutters, Infrastructure In, Road Cut; Utilities at Site: Easement, Single Phase, Three Phase; Confidential Listing: N; % Occupancy: 100.00; Financial Package: No; Franchise Opt In: No
Contract Information
Current Price: $3,500,000
Sold Price: $3,500,000
Status: Closed
Listing Contract Date: 2023-10-24
Property Sub Type: Business
Location Tax and Legal
Street Number: 700
Street Name: Ridgewood
Street Suffix: Avenue
County: Volusia
State: FL
Postal Code: 32117
MLS Area Major: 35 - Mason to LPGA E of 95
Property Features
Building Features: Overhead Crane; Private Restroom; Showroom
Business Type: Business Park; Commercial; Industrial; Manufacturing; Mixed; Professional Service; Professional/Office; Recreation; Restaurant; Retail; Warehouse; Wholesale
Construction Materials: Concrete
Cooling: Multi Units
Current Use: Industrial; Mixed Use; Retail; Shopping Center
Electric: 200+ Amp Service; 220 Volts; 440 Volts; Underground
Existing Lease Type: NNN
Heating: Varies by Unit
Listing Terms: Other
Location: Commerce Park; Shopping Center
Owner Pays: Electricity; Exterior Maintenance; Grounds Care; Insurance; Management; Other Tax; Pest Control; Repairs
Road Frontage Type: City Street; Highway; Other
Roof: Metal
Sale Includes: Building & Land
Security Features: Security Fence
Sewer: Public Sewer
Utilities: Separate Electric Meters; Separate Water Meters; Sewer Available
Water Source: Public
Listing Office:
Coldwell Banker Commercial Benchmark
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.