1635 S Ridgewood Ave - Office FOR SALE


Daytona Beach, FL 32119
$1,695,000 USD
386-999-1762
1635 S Ridgewood Ave, Daytona Beach, FL for Sale
$1,695,000 USD
Office - FOR SALE
1/23
null | Request Cap Rate

1635 S Ridgewood Ave
Daytona Beach, FL 32119


HIGHLIGHTS

  • Foam roof (top of the building) is 10 years old. Silicone coating applied in 2023 rated for 15 years.
  • Steel roof is 10 years old. Sure-Cril Acrylic coating applied in 2023.
  • 10/12 air conditioning units have been replaced in the past two years.
  • The property is equipped with a commercial elevator.

OVERVIEW

Fully stabilized, concrete block construction office building for sale in high traffic, growing area. Currently 95% occupied with upside to continue to increase rents to market rate. The property consists of 8 first floor office spaces with 26 small, executive suites on the second floor. Just minutes from Daytona Beach, Daytona International Speedway, and Daytona Beach International Airport. Take advantage of an opportunity to purchase a property that is performing, has upside, and no looming deferred maintenance.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$112 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

0.84 AC

LAND SF

36,590 SF

ZONING

BGC

APN/PARCEL ID

5344-16-00-0588

ASK ABOUT THIS PROPERTY

Michael BaxterSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-999-1762

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Michael BaxterSVN | Alliance Commercial Real Estate AdvisorsMore Info
386-999-1762

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.