$675,000
$775,000
12.9%For more information regarding the value of a property, please contact us for a free consultation.
148 S RIDGEWOOD AVE Daytona Beach, FL 32114
4,888 SqFt
Key Details
Sold Price $675,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 4,888 sqft
Price per Sqft $138
Subdivision Luther Lt 01 Blk 20 Daytona
MLS Listing ID V4934068
Sold Date 07/18/24
HOA Y/N No
Originating Board Stellar MLS
Year Built 1923
Annual Tax Amount $9,349
Lot Size 0.450 Acres
Acres 0.45
Property Description
Gorgeous income producing office building. Needs nothing but a new owner! Historic office tenant building located on high and dry parcel, on high-visibility corner, with long-term lease that includes 2.5% base rent adjustment annually through 2027 and includes 2 optional renewal terms through 2031. Building was extensively renovated to include new HVAC and interiors in 2019 & 2023. Paved parking with 12 lots striped with new stops & additional concrete slab. There is no deferred maintenance or issues. 904 sq ft walk-in basement has additional storage for owner use. Showings must be minimum 24 hours in advance due to nature of tenant's business.
Location
State FL
County Volusia
Community Luther Lt 01 Blk 20 Daytona
Zoning 02BR2
Interior
Heating Central
Cooling Central Air
Flooring Luxury Vinyl, Tile
Appliance Microwave, Refrigerator
Exterior
Roof Type Shingle
Building
Lot Description Corner Lot, City Limits
Entry Level Two
Foundation Basement
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block
New Construction false
Others
Ownership Partnership
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with COLDWELL BANKER PREMIER PROPERTIES