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Business Opportunity - ALLANDALE for Sale

5310 S RIDGEWOOD, PORT ORANGE, FL 32127

Asking Price$489,000 Change Price$900

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  • Days on market:

    42 day(s)
  • Original Price:

    $519,000
  • Price per sqft:

    $197.34
  • Tax Legal Description:

    LOTS 1 & 28 BLK 16 ALLANDALE MB 4 PG 146 PER OR 4813 PG 0599 PER OR 7074 PG 4520 PER OR 7718 PG 3632 PER OR 8269 PG 4714
  • Tax Year:

    2024
  • Property Type:

    Business Opportunity
  • Construction Type:

    StuccoBlock
  • Cooling Description:

    Central AirWall/Window Unit(s)
  • Special Listing Conditions:

    None

Description

$489,000 • living size area 2478 sqft

Property is located within the ridgewood development district, which is designed to encourage the development and redevelopment of the ridgewood avenue corridor. it is intended to accommodate a mixture of office, commercial, warehouse/storage, and limited industrial uses. please see attached list of permitted uses. the property is currently leased as 3 apartments plus a large storage yard that has an rv pad with full water, electric, and sewer hookups. commercial zoning, approved for mixed-use including hotel/motel, retail, apartments, storage, and residential. apt 1, featuring 1 bed/1 bath, is currently leased at $995. apt 2, offering the same layout, commands $950/month. apt 3, boasting 2 beds/2 baths is leased at $1,595 monthly. storage yard was leased at $700 per month. landlord pays water and tenants pay electric.
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