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610 S Ridgewood Avenue
Daytona Beach, FL 32114

$650,000

1 Photos

Listing Details

  • $650,000
  • MLS# O6436253
  • Type Commercial - Multiple
  • Status Active
  • 2,400
    Square Feet
  • 0.200 acres
    Lot Size
  • 1915
    Year Built

Listed By

Agency Name: CHARLES RUTENBERG REALTY ORLANDO
Agency Contact: 407-622-2122

Shown By

Agency Title: Pupello Realty Company, LLC
Agency Phone: (386) 216-8338

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Home Value Estimate


Description

Rare corner-lot investment opportunity at the intersection of S Ridgewood Ave & Cedar St, in the heart of a rapidly gentrifying Downtown Daytona Beach corridor. This 5-unit property is priced to move at roughly $125K/door as-is, offering an immediate cash-flowing asset in a location surrounded by ongoing redevelopment and rising rents.But the real story here is the upside: the sale includes an adjacent parcel, bringing total assemblage to approximately 0.40 acres - situated within Downtown zoning that permits up to 40 units per acre. That opens the door to a long-term redevelopment play of an estimated 12-16 units on the combined site (buyer...read more

Features

  • Wall/Window Unit(s)
  • 2.0 Stories
  • $2,919 Taxes
  • Built in 1915

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