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$2,750,000 For Sale

737-747 S Ridgewood Avenue
Daytona Beach, FL 32114

10 units |
23,266 sq ft

Commercial: Office, Comm-Land & Bldg Incl - MLS# 1055649
Property Photo
1/70

Description

Professional office buildings Solid Brick and Concrete Block with Private 71 space concrete parking lot. Do not disturb tenants.Repurposed from Historic School, rec'd multiple awards for project2 buildings 85% occupied, 6.5% rate of return as leased. At 100% occupancy rate of return 8%. Buildings are 2 stories with lots of large windows in all offices, security cams and fire sprinks.The 747 bldg built 1916 is solid brick with 11ft-12ft ceilings and elevator/LULA- 15,803sq ft. ADA ramp,ADA restrooms, common conference and kitchen. The 737 bldg is concrete block-5,863sq ft, built 1956. 10 ft Ceilings. Land-*325 ft on South Ridgewood Ave*2.19 acres*PUD includes 2 adj parcels (see docs)*full irrigation system*extra land for more building-previously approved for Multi

Features

  • # Electric Meters: 1
  • # of Parking Spaces: 71
  • # Water Meters: 1
  • % Occupancy: 85.00
  • Access/Transport: 4 Lane, Divided, Us Highway
  • Air Conditioning: See Remarks, Zoned
  • Annual Escalation: 2.50
  • As Is Cond: Yes
  • Bldg Type/Location: Business Park, Commercial, Office Building
  • Business Income/Oppty: Commercial
  • CAM Charge: 2.92
  • Ceiling Height: 12.0000
  • Commercial Property Name: 747 Office Suites
  • Construction: Brick, Concrete Block
  • County/Area: Volusia County
  • Current # Tenant: 10.0000
  • Depth: 317.00
  • Heating: Central, Zoned
  • Included in Lease: Ac Maintenance, Alarm Smoke/Fire, Electricity Exterior, Electricity Interior, Exterminator, Insuranc
  • Included in Sale: Building, Fixtures, Furniture, Inventory, Land, Signs - Owned
  • Interior Improvement: Passenger Elevator, Private Restrooms, Public Restrooms, Security System, Sprinkler System
  • Lease Type: Net Lease
  • Listing Status: Active
  • Lot Size: 2.19acres
  • Net Operating Income: 181500.00
  • Parking: Lighted, Lot, See Remarks
  • Parking Spaces: 71
  • Property Type: Commercial
  • Road Frontage: 325.00
  • Roof: Built-Up
  • Sewer: Public Sewer
  • Sq.Ft.: 23266
  • SqFt - Bldg: 21139.00
  • SqFt Source: Property Appraiser
  • Sub Type: Office, Comm-Land & Bldg Incl
  • Units: 10
  • Utilities on Site: 1000+ Amps, 220 Volt Svc, Three Phase
  • Water: City
  • Year Built: 1916
  • Zip Code: 32114
  • Zoning: Professional

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Anne Busse-Gandt
Broker/Team Leader
204 Cessna Blvd.

Port Orange, FL 32128
386-756-6105
Anne.sprucecreek@gmail.com

Contact Me





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