About 5840 South Ridgewood Avenue
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.
Features of 5840 South Ridgewood Avenue
| MLS® # | V4945217 |
|---|---|
| Price | $850,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,504 |
| Acres | 0.71 |
| Year Built | 1973 |
| Type | Commercial Sale |
| Sub-Type | Business |
| Status | Active |
Community Information
| Address | 5840 South Ridgewood Avenue |
|---|---|
| Area | Port Orange/Ponce Inlet/Daytona Beach |
| Subdivision | BAYWOOD |
| City | PORT ORANGE |
| County | Volusia |
| State | FL |
| Zip Code | 32127 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Cooling | Central Air, Zoned |
|---|---|
| Fireplace | No |
Exterior
| Foundation | Slab |
|---|
Additional Information
| Date Listed | October 2nd, 2025 |
|---|---|
| Days on Market | 32 |
| Zoning | AUTO SALES |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | WATSON REALTY CORP. |
|---|