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  4. 5840 Ridgewood Avenue, PORT ORANGE, FL 32127
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5840 Ridgewood Avenue
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PRICED AT ONLY: $850,000

Address: 5840 Ridgewood Avenue, PORT ORANGE, FL 32127

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.

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  • MLS#: V4945217 ( Commercial Sale )
  • Street Address: 5840 Ridgewood Avenue
  • Viewed: 20
  • Price: $850,000
  • Price sqft: $243
  • Waterfront: No
  • Year Built: 1973
  • Bldg sqft: 3504
  • Days On Market: 151

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.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 3504.00
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Zoned
  • Road Frontage Type: State Road
  • Sewer: Public Sewer
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Legal Description: LOTS 12 TO 18 INC EXC RD RWY BLK 1 BAYWOOD MB 23 PGS 14 & 15 PER OR 4421 PG 2394 PER OR 5338 PG 4409 PER OR 5338 PG 4411
  • Area Major: 32127 - Port Orange/Ponce Inlet/Daytona Beach
  • Occupant Type: Tenant
  • Parcel Number: 3689551
  • Views: 20
  • Zoning Code: AUTO SALES
Nearby Subdivisions
Depot Add Allandale   Not In Subdivision   Virginia Heights  
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