5840 S RIDGEWOOD AVENUE at

5840 S RIDGEWOOD AVENUE

For sale Days on market 1

$850,000

$243/sq ft

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Overview

Year Built

1973

Sqft

3504

Property Type

Business

Property Description

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.

Property Details

MLS#

V4945217

Address

5840 RIDGEWOOD S

City

Port Orange

State/county

Zip/Postal Code

32127

Area

Baywood

Country

United States

HOA

Yes

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$6,019

Maint Fee

$--

Tax Year

2024

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