$850,000
5840 S Ridgewood Avenue Port Orange, FL 32127
For Sale MLS# V4945217
3,504 sq ft Commercial
Details for 5840 S Ridgewood Avenue
MLS# V4945217
Description for 5840 S Ridgewood Avenue, Port Orange, FL, 32127
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.
Listing Information
Property Type: Commercial, Business
Status: Active
Lot Size: 0.71 Acres
Square Feet: 3,504 sq ft
Year Built: 1973
Construction: Block
Subdivision: Baywood
Foundation: Slab
County: Volusia
Utilities
Water: Public
Sewer: Public Sewer
Cooling: Central Air, Zoned
Driving Directions
I-95 exit to US 92 East to 1/2 Mile past Nova Road.
Financial Considerations
Tax/Property ID: 3689551
Tax Amount: 6019
Tax Year: 2024
A broker reciprocity listing courtesy: WATSON REALTY CORP.
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 5840 S Ridgewood Avenue
Sales History
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Tax Summary
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Schools
Schools nearby 5840 S Ridgewood Avenue
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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