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Multi Family - OAKRIDGE PARK for Sale

501 RIDGEWOOD, DAYTONA BEACH, FL 32117

Asking Price$1,250,000 Change Price$500,000

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  • Days on market:

    48 day(s)
  • Original Price:

    $1,750,000
  • Price per sqft:

    $416.81
  • Tax Legal Description:

    14-32-44 LOTS 1 & 2 EXC ST & LOTS 3 THRU 8 BLK A OAK RIDGE PARK HOLLY HILL MB 7 PG 18 PER OR 6036 PGS 4099-4100 PER OR 6300 PGS 1211-1212 & LOT 5 EXC RD BLK 23 MASON & CARSWELLS HOLLY HILL DB O PG 312 MB 2 PG 90 MB 12 PGS 3-4 INC MB 14 PG 21 PER OR 8 111 P
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Construction Type:

    Concrete
  • Cooling Description:

    Central Air
  • Special Listing Conditions:

    None

Description

$1,250,000 • living size area 2999 sqft

Incredible opportunity on us-1, this high visibility commercial property offers over 1.78 acres of land with excellent signage and frontage along ridgewood avenue in holly hill. located in a designated opportunity zone and zoned cc-1 commercial, the site allows for a wide range of uses including retail, professional or medical offices, multifamily development, and community-based services. the property includes four separate structures: a nearly 10,000 sq ft two-story building, a 1,600 sq ft single-family residence with a detached 2-car garage, a 550 sq ft standalone café/retail building fronting us-1, and additional land with room for future development or expansion. with ample parking, quality construction, and space to build, this property is ideal for redevelopment, owner-occupant use, or investment. while the structures are solidly built, they are ready for modern updates. with approximately 28,000 vehicles daily, strong visibility, and a prominent location on one of holly hill's busiest corridors, this is a rare and valuable acquisition opportunity.

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