About 5840 S 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 S Ridgewood Avenue
| MLS® # | V4945217 |
|---|---|
| Price | $850,000 |
| Square Footage | 3,504 |
| Acres | 0.71 |
| Year Built | 1973 |
| Type | Commercial Sale |
| Sub-Type | Business |
| Status | Active |
Listing Details
| Office | WATSON REALTY CORP. |
|---|
Listing Map
Neighborhood Information for 5840 S Ridgewood Avenue
Low Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Spruce Creek Elementary School Public - Preschool to 5Th Grade - Closest Elementry School |
2 Miles | |
|
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Port Orange Elementary School Public - Kindergarten to 5Th Grade |
3 Miles | |
|
Spruce Creek High School Public - 9Th Grade to 12Th Grade - Closest High School |
3 Miles | |
|
Pathways Early Learning Center Of Port Orange Private - Preschool to 1St Grade |
3 Miles | |
|
Sweetwater Elementary School Public - Kindergarten to 5Th Grade |
3 Miles | |
|
|
Sugar Mill Elementary School Public - Preschool to 5Th Grade |
3 Miles | |
|
|
Silver Sands Middle School Public - 6Th Grade to 8Th Grade - Closest Middle School |
3 Miles |
School data provided by GreatSchools