SQUARE FEET2,400
MLS#O6436253
STATUSActive
PROPERTY TYPECommercial - Multiple
SUBDIVISIONMARSHALL BLK 15 DAYTONA
Property 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 to verify with the City of Daytona Beach Planning Division), essentially tripling the unit count from what's on the ground today.Whether you're an investor looking for stabilized income now with a built-in expansion runway, or a developer eyeing infill density in one of Daytona's fastest-growing submarkets, this corner offers both. Walking distance to the Halifax River, downtown core, and the beachside corridor - in a location where new construction and renovation activity keep pushing values upward.Hold it, lease it, or reposition it. Opportunities to acquire this much upside on a single corner in Downtown Daytona don't come around often.
Property Features
Property Type: Commercial - Multiple
Cooling: Wall/Window Unit(s)
Lot Size: 0.20 Acres
Stories: 2.0
Taxes: $2,919
Year Built: 1915
Feature Descriptions
Days on Site: 32
Directions: I4 TO DAYTONA
Exterior: Cedar, Frame
Flood Zone Code: X
Foundation: Block, Pillar/Post/Pier
Home Warranty Y/N: No
Listing Terms: Cash, Owner Financing, Private Financing Available
Lot Dimensions: 0.2
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Multi-Family 5+
Sale Includes: Building(s) and Land, Leases
Showing Instructions: Coming Soon - Allowing Showings
Special Sale Provisions: None
Units: 5
Water Access Y/N: No
Zoning: 02T2
Listed By / Shown By
Listed By
Agency Name: CHARLES RUTENBERG REALTY ORLANDO
Agency Contact: 407-622-2122
Shown By
Agent Name: Len Renaud
Agent Phone: Cell: (315) 391-0726
Agency Title: Adams Cameron & Co. REALTORS
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610 S Ridgewood Avenue | MLS# O6436253
This commercial property located at 610 S Ridgewood Avenue, Daytona Beach, FL 32114 is currently listed for sale with an asking price of $650,000. Search Daytona Beach real estate on lenrenaud.adamscameron.com today.