700 Ridgewood Avenue 100-210, Holly Hill, FL 32117 (MLS# 1115499)

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

Overview

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

Listing Details MLS# 1115499

General Property Information

Number Of Units Total: 17
Year Built: 2014
Lot Size Acres: 1.65
Lot Size Dimensions: 260x276
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

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

Contract Information

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

Status Change Information

Major Change Timestamp: 2024-04-02T17:23:24Z
Major Change Type: Status Change
Contingent Date: 2024-02-05
Purchase Contract Date: 2024-02-05
Close Date: 2024-04-01
Close Price: 3500000

Building Features

Vac Off/Retail SqFt: 8081
Vac Warehouse SqFt: 11614
Overhead Crane: Yes
Private Restroom: Yes
Showroom: Yes

More Information

Income and Expenses

Gross Income: 299355.7
Net Operating Income: 228164.7

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

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

Construction Materials

Concrete: Yes

Cooling

Multi Units: Yes

Current Use

Industrial: Yes
Mixed Use: Yes
Retail: Yes
Shopping Center: Yes

Electric

200+ Amp Service: Yes
220 Volts: Yes
440 Volts: Yes
Underground: Yes

Heating

Varies by Unit: Yes

Listing Terms

Other: Yes

Owner Pays

Electricity: Yes
Exterior Maintenance: Yes
Grounds Care: Yes
Insurance: Yes
Management: Yes
Other Tax: Yes
Pest Control: Yes
Repairs: Yes

Road Frontage Type

City Street: Yes
Highway: Yes
Other: Yes

Roof

Metal: Yes

Security Features

Security Fence: Yes

Sewer

Public Sewer: Yes

Utilities

Separate Electric Meters: Yes
Separate Water Meters: Yes
Sewer Available: Yes

Water Source

Public: Yes

Business Type

Business Park: Yes
Commercial: Yes
Industrial: Yes
Manufacturing: Yes
Mixed: Yes
Professional Service: Yes
Professional/Office: Yes
Recreation: Yes
Restaurant: Yes
Retail: Yes
Warehouse: Yes
Wholesale: Yes

Existing Lease Type

NNN: Yes

Location

Commerce Park: Yes
Shopping Center: Yes

Sale Includes

Building & Land: Yes

Listing Office: Coldwell Banker Commercial Benchmark

Last Updated: September - 28 - 2024

Information deemed reliable but not guaranteed.

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