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468 Ridgewood Ave 11,000 SF 9% Leased Flex Building Daytona Beach, FL 32117 $1,814,696 CAD ($164.97 CAD/SF) 9.23% Cap Rate
INVESTMENT HIGHLIGHTS
- Mix use, commercial, residential and storage
- Over 1 acre on US 1, with 150 ft of road frontage
- Centrally located
EXECUTIVE SUMMARY
**Unique Investment Opportunity in Holly Hill's Redevelopment Area** Discover an exceptional mixed-use commercial property with incredible potential in Holly Hill's thriving redevelopment zone. This CC1 zoned property offers 150 feet of frontage along US1 and spans 1.03 acres, making it an ideal investment for developers, business owners, or investors seeking income and growth opportunities. **Property Highlights:** - **Prime Location:** Just 4 miles from Halifax Hospital, Daytona International Airport, Daytona International Speedway, Daytona State College/UCF, and Embry Riddle. Easy access to the Beachside A1A Corridor (5 miles), I-95 (6 miles), and I-4 (8 miles). - **Flexible Spaces:** Comprising three stand-alone block buildings totaling over 12,000 sq ft, all featuring new galvanized metal roofs (installed in 2014 and 2017). - **Building 1:** Approximately 10,250 sq ft, two-story structure with two commercial units, seven storage units, an owner's
suite, and four unfinished units. Upgraded with two new HVAC units and four mini-split systems for efficient climate control.
- **Building 2:** Around 1,420 sq ft with three residential units two studio apartments and one one-bedroom apartment ideal for rental income or multi-use purposes.
- **Building 3:** A 640 sq ft one-bedroom residential unit, offering additional rental or owner occupancy options.
- **Additional Features:** A half-acre fenced rear lot currently used for RV, boat, and trailer storage, providing extra income or expansion possibilities.
**Redevelopment & Investment Potential:**
This property is situated in a burgeoning area with access to redevelopment grantscontact the City of Holly Hill for details. Its strategic location and versatile layout make it perfect for commercial, residential, or mixed-use development projects.
**Don't miss out on this rare opportunity to invest in a high-growth area with immediate income potential and future development prospects.**
suite, and four unfinished units. Upgraded with two new HVAC units and four mini-split systems for efficient climate control.
- **Building 2:** Around 1,420 sq ft with three residential units two studio apartments and one one-bedroom apartment ideal for rental income or multi-use purposes.
- **Building 3:** A 640 sq ft one-bedroom residential unit, offering additional rental or owner occupancy options.
- **Additional Features:** A half-acre fenced rear lot currently used for RV, boat, and trailer storage, providing extra income or expansion possibilities.
**Redevelopment & Investment Potential:**
This property is situated in a burgeoning area with access to redevelopment grantscontact the City of Holly Hill for details. Its strategic location and versatile layout make it perfect for commercial, residential, or mixed-use development projects.
**Don't miss out on this rare opportunity to invest in a high-growth area with immediate income potential and future development prospects.**
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$335,021
|
$30.46
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$335,021
|
$30.46
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$69,796
|
$6.35
|
| Net Operating Income |
$265,225
|
$24.11
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $335,021 |
| Annual Per SF | $30.46 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $335,021 |
| Annual Per SF | $30.46 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $69,796 |
| Annual Per SF | $6.35 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $265,225 |
| Annual Per SF | $24.11 |
PROPERTY FACTS
AMENITIES
- Bus Line
- Fenced Lot
- Security System
- Yard
- Air Conditioning
UTILITIES
- Water - City
- Sewer - City
- Heating - Electric
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- C Largo LLC
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| C Largo LLC | - | - | - | - |
1 1
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 4244-01-22-0310 | Improvements Assessment | $456,146 CAD |
| Land Assessment | $266,611 CAD | Total Assessment | $722,757 CAD |
PROPERTY TAXES
Parcel Number
4244-01-22-0310
Land Assessment
$266,611 CAD
Improvements Assessment
$456,146 CAD
Total Assessment
$722,757 CAD
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468 Ridgewood Ave
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