5840 S RIDGEWOOD AVE new Save Request In-Person Tour Request Virtual Tour
Port Orange,FL 32127
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 3,504 sqft
Price per Sqft $242
Subdivision Baywood
MLS Listing ID V4945217
HOA Y/N No
Year Built 1973
Annual Tax Amount $6,019
Lot Size 0.710 Acres
Acres 0.71
Property Sub-Type Business
Source Stellar MLS
Property Description
WOW! EXCELLENT 1031 EXCHANGE PROPERTY WITH MAJOR POTENTIALS FOR INCOME OR DEVELOPMENT. Excellent CAP RATE!! INVESTOR ALERT! Great location on High Traffic US Hwy 1/S Ridgewood. . 0 .9 ACRE Land with Two-Three Income Centers. Presently all leased. N/N/N Leases. Property owned by same family for 50 years. Very flexible income producing property. Building 1 3,000sf leased. Building 2 & Parking Lot Leased. Room for additional tenants
Private Remarks: All tenant leases N/N/N Total income $7K/mo /$84K/yr. Building 1 recently remodeled and updated. Potential for development in high traffic area., Being sold in ''AS IS'' condition. Buyers must have proof of funds or show 1031 Exchange funds. Tenant leases have new property owner termination clauses, if required.
Location
State FL
County Volusia
Community Baywood
Area 32127 - Port Orange/Ponce Inlet/Daytona Beach
Zoning AUTO SALES
Interior
Cooling Central Air,Zoned
Building
Foundation Slab
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Ownership Sole Proprietor
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/V4945217