468 Ridgewood Avenue, Daytona Beach, FL 32117
- $1,200,000
- 12,306
- SqFt
- List Price
- $1,200,000
- Status
- Active
- Days on Market
- 34
- MLS#
- V4949280
- Property Style
- Mixed Use
- Year Built
- 1947
- Living Area
- 12,306
- Lot Size
- 45,000
- Acres
- 1.03
- Total Acreage
- 1 to less than 2
- Legal Subdivision Name
- Mason & Carswells Holly Hill
- MLS Area Major
- Daytona Beach
Property Description
Premier Mixed-Use Commercial Holding -- Holly Hill US-1 Redevelopment Corridor An institutional-caliber investment opportunity in one of Volusia County's most actively repositioning submarkets. This CC1-zoned, mixed-use asset commands 150 linear feet of frontage along US-1 across a 1.03-acre parcel, and is improved with three stand-alone masonry buildings totaling in excess of 12,000 square feet, each fitted with newer galvanized metal roofing (2014 and 2017 installation). The property is strategically positioned within a four-mile radius of Halifax Health Medical Center, Daytona Beach International Airport, Daytona International Speedway, Daytona State College/UCF, and Embry-Riddle Aeronautical University, with direct connectivity to the A1A beachside corridor, I-95, and I-4. The improvements support a diversified, multi-stream income profile. Building 1 (approximately 10,250 SF, two-story) is configured with two commercial suites, seven storage units, a private owner's residence, and four unfinished units offering meaningful value-add upside, supported by two recently installed HVAC systems and four supplemental mini-split units. Building 2 (approximately 1,420 SF) delivers three residential units -- two studios and one one-bedroom -- well suited to long-term or short-term tenancy. Building 3 (approximately 640 SF) comprises a stand-alone one-bedroom residence ideal for owner occupancy or supplemental rental income. A fully fenced half-acre rear yard currently produces ancillary revenue as a managed RV, boat, and trailer storage facility, with capacity for expansion or repositioning. Located within Holly Hill's designated redevelopment district, the property may be eligible for municipal redevelopment grants and economic incentives (prospective buyers to confirm with the City of Holly Hill). The combination of flexible CC1 zoning, in-place cash flow, prominent US-1 visibility, and proximity to the region's principal employment, education, healthcare, and tourism drivers positions this offering as a compelling acquisition for developers, owner-operators, and long-horizon investors seeking durable income with substantial appreciation potential. Private tours available by appointment.
/u.realgeeks.media/themillerrealtygroup/Logo_-_white_border.jpg){kind=logo}
Additional Information
- Taxes Annual
- $9929
- Community Features
- No Deed Restriction
- Zoning
- 09B4
- Floor
- Carpet, Concrete, Laminate, Tile
- Utilities
- Electricity Available, Water Connected
- Heating
- Central, Electric
- Air Conditioning
- Central Air
- Exterior Construction
- Block, Stucco
- Roof
- Metal
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Other, RV Access/Parking, Secured
- Flood Zone Code
- X
- Parcel ID
- 4244-01-22-0310
- Legal Description
- 37-15-33 LOTS 31 & 32 EXC RD BLK 22 MASON & CARSWELLS HOLLY HILL DB O PG 312 MB 14 PG 21 RESUB OF MASON & CARSWELLS HOLLY HILL MB 2 PG 90 MB 12 PGS 3-4 PER OR 4495 PG 2336 PER OR 7434 PGS 0144-0145 PER OR 8212 PG 2221 PER OR 8281 PG 0835 PER OR 8399 PG 47
Listing courtesy of OCEANS LUXURY REALTY FULL SVC. 386-236-3700
Mortgage Calculator
StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on