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747 S Ridgewood Avenue, Daytona Beach, FL 32114

$2,050,000
Property Type: Commercial Sale Lot Size (sq. ft.): 91,476 Status: Closed
Current Price: $2,050,000 List Date: 12/03/2021 Last Modified: 9/28/2024

Overview

Description

Professional office buildings Solid Brick and Concrete Block, well maintained with Private 71 space concrete parking lot. High quality dependable tenants. Please Do not disturb tenants. Repurposed from Historic School, rec'd multiple awards for project 20 yr warranty on both roofs 2 buildings 85% occupied, 7% rate of return as leased. At 100% occupancy rate of return 8+%. Buildings are 2 stories large windows in all offices, sec cams and fire sprinks. 747 bldg solid brick with 11ft-12ft ceilings & elevator/LULA- 15,803sq ft. ADA ramp,ADA restrooms, common conf & kitchen. The 737 bldg is concrete block-5,863sq ft, 10 ft Ceilings. Land- *325 ft on South Ridgewood Ave *2.19 acres *PUD includes 2 adj parcels(see docs) *full irrigation *extra land for more building-5 resid units prev approved

Listing Details MLS# 1091143

General Property Information

Number Of Units Total
12
Year Built
1916
Lot Size Acres
2.1
Association YN
No
Water Body Access YN
No
Waterfront YN
No
Public Remarks
Professional office buildings Solid Brick and Concrete Block, well maintained with Private 71 space concrete parking lot. High quality dependable tenants. Please Do not disturb tenants. Repurposed from Historic School, rec'd multiple awards for project 20 yr warranty on both roofs 2 buildings 85% occupied, 7% rate of return as leased. At 100% occupancy rate of return 8+%. Buildings are 2 stories large windows in all offices, sec cams and fire sprinks. 747 bldg solid brick with 11ft-12ft ceilings & elevator/LULA- 15,803sq ft. ADA ramp,ADA restrooms, common conf & kitchen. The 737 bldg is concrete block-5,863sq ft, 10 ft Ceilings. Land- *325 ft on South Ridgewood Ave *2.19 acres *PUD includes 2 adj parcels(see docs) *full irrigation *extra land for more building-5 resid units prev approved

Property Features

Building Features: Elevator; Public Restroom; Showroom Business Type: Business Park; Church; Mixed; Professional Service; Professional/Office Construction Materials: Block; Brick; Concrete Cooling: Central Air; Zoned Current Use: Mixed Use Electric: 200+ Amp Service Heating: Electric; Zoned Location: Commerce Park Roof: Other Sale Includes: Building & Land Security Features: Fire Sprinkler System Sewer: Public Sewer Water Source: Public

Contract Information

Listing Contract Date
2021-12-03
Property Sub Type
Business

Location Tax and Legal

Street Number
747
Street Direction Prefix
S
Street Name
Ridgewood
Street Suffix
Avenue
County
Volusia
State
FL
Postal Code
32114
MLS Area Major
32 - Daytona Beville to ISB, E of 95

Status Change Information

Major Change Timestamp
2022-10-19T00:47:25Z
Major Change Type
Status Change
Price Change Timestamp
2022-06-07T20:20:06Z
Contingent Date
2022-09-14
Purchase Contract Date
2022-08-03
Close Date
2022-10-18
Close Price
2050000

Building Features

Ceiling Eve Height
11 - 14 Feet High
Elevator
Yes
Public Restroom
Yes
Showroom
Yes

More Information

Historical Information

Public Historical Remarks 1
Zoning (Text): Pcd; Financing: OWC - 1st; # Parking: 71; Interior Improvement: Ground Level Door; Included in Sale: Business Name, Good Will, Signs - Owned; Lease Provisions: Year - Year; Parking: Lighted, Paved; Utilities at Site: Three Phase; Confidential Listing: N; % Occupancy: 85.00; Commercial Property Name: 747 Office Suites; Franchise Opt In: No

Location, Tax, and Legal

Country
US
Parcel Number
5339-03-65-0020
Tax Annual Amount
12166
Tax Year
2020
Tax Legal Description
W 1/2 OF LOTS 2 & 3 S OF CENTERLINE OF VACATED SOUTH CANAL PER ORD #92-479 & LOT 4 & N 90 FT OF W 185 FT OF LOT 5 BLK 65 DAYTONA PER OR 5336 PG 4428 PER OR 5575 PGS 0045-0046
Zoning Description
Other

Currently Not Used

Year Built
1916
Accessibility Features YN
Yes

Construction Materials

Block
Yes
Brick
Yes
Concrete
Yes

Cooling

Central Air
Yes
Zoned
Yes

Current Use

Mixed Use
Yes

Electric

200+ Amp Service
Yes

Heating

Electric
Yes
Zoned
Yes

Roof

Other
Yes

Security Features

Fire Sprinkler System
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

Business Type

Business Park
Yes
Church
Yes
Mixed
Yes
Professional Service
Yes
Professional/Office
Yes

Location

Commerce Park
Yes

Sale Includes

Building & Land
Yes
Listing Office: Country Club Properties of Spruce Creek
Last Updated: September - 28 - 2024
Information deemed reliable but not guaranteed.

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