5901 S Ridgewood Avenue, Port Orange, FL

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$799,000

List Status: Active
5901 S Ridgewood Avenue
Port Orange, FL 32127


Top Features
  • Built in  1946
  • Business
Description
GREAT 1031 EXCHANGE PROPERTY - GREAT CAP RATE 7.65% This is a very Productive Income Producing Property with Restauant Lease (3yr+) and Residence (SFR or Duplex). Property is located on very busy US Hwy 1 (Ridgewood) at Intersection 4-way traffic light. High Visibility. Good parking on site and on Palm Ave side street. Rest Bldg has new roof New HVAC New Plumbing New Electric Panels. Residence bldg has New Roof New HVAC New Plumbing New Electric. (Can be converted back to Duplex). Excellent Income. Go Visit!
Property Details
Additional Information
Area Major
21 - Port Orange S of Dunlawton E of 95
Area Minor
21 - Port Orange S of Dunlawton E of 95
Attached Garage YN
false
Bathrooms Total Decimal
0.0
Building Features Ceiling Eve Height
11 - 14 Feet High
Building Features Pool3
Public Restroom, Private Restroom, Kitchen Facilities, Showroom
Business Type Other37
Professional Service, Food Beverage, Bar/Tavern/Lounge, Retail2, Professional/Office, Food \u0026 Beverage, Restaurant2, ProfessionalOffice, Commercial, Commercial2, Restaurant, Retail, BarTavernLounge, Mixed, Wholesale
Construction Materials Other8
Stucco, Block, Concrete
Contract Status Change Date
2023-11-20
Cooling Other7
Multi Units, Central Air
Cooling YN
true
Current Use Other10
Retail, Mixed Use, Residential
Currently Not Used Building Area Total
4504.0
Days On Market
372
Electric Whole House Generator
200+ Amp Service, 200 Amp Service
General Property Information Association YN
No, false
General Property Information Directions
Dnlawton Ave RT on Nova Rd to End at Intersection with Ridgewood Ave
General Property Information List PriceSqFt
177.4
General Property Information Lot Size Dimensions2
138X112X140X119
General Property Information Number Of Units Total2
2, 2.0
General Property Information Waterfront YN
No, false
Heating Other16
Varies by Unit, Varies by Unit2, Central
Heating YN
true
Historical Information Public Historical Remarks 1
Road Type: Paved; Zoning (Text): Rest/Mixed/Retail/Re; Bldg Type/Location: Free Standing; # Parking: 15; Interior Improvement: Display Window; Income/Operating Inc: NOI: 55989; Included in Sale: Good Will Signs - Owned; Lease Provisions: 3 - 5 Years Less than 1 Year Renewal Option; Meters: # Electric Meters: 2 # Water Meters: 2; Parking: Lighted; SqFt: Largest Contiguous: 1744 Occupied SqFt: 3464; SqFt - Total: 16117.00; Site Improvements: Curb/Sidewalks Pole Sign; Utilities at Site: Three Phase; Confidential Listing: N; Highway Access: Divided State & City; Base Lease: 100.00; Road Frontage: 119.00; Depth: 140.00; Franchise Opt In: No; Current # Tenant: 2.0000
Income and Expenses Gross Income
61200.0
Income and Expenses Net Operating Income
55989.0
Internet Address Display YN
true
Internet Automated Valuation Display YN
true
Internet Consumer Comment YN
true
Internet Entire Listing Display YN
true
Listing Contract Date
2023-11-20
Listing Terms Other19
Lease Option
Location Tax and Legal Country
US
Location Tax and Legal Parcel Number
6314-03-14-0160
Location Tax and Legal Tax Annual Amount
2717.0
Location Tax and Legal Tax Legal Description4
LOT 16 EXC E 65.82 FT ON S/L BLK 14 HARBOR OAKS UNIT 1 PER OR 4566 PG 3844-3845 INC PER OR 6233 PG 2850 PER OR 7632 PG 558
Location Tax and Legal Tax Year
2022
Location Tax and Legal Zoning Description
Other
Lot Features Other18
Cleared
Lot Size Area
0.37
Lot Size Square Feet
16117.2
Lot Size Units
Acres
Major Change Timestamp
2024-09-30T20:26:38Z
Major Change Type
Price Reduced
Mls Status
Active
Modification Timestamp
2024-11-26T19:52:44Z
On Market Date
2023-11-21
Price Change Timestamp
2024-09-30T20:26:38Z
Road Frontage Type Other25
City Street, Other25, Highway, Other
Roof Other23
Other23, Metal, Other
Sewer Unknown
Public Sewer
StatusChangeTimestamp
2023-11-21T03:12:13Z
Unit 1 Details # Units (This Type)
1
Unit 1 Details Annual Rent
1600.0
Unit 1 Details Baths Total
2
Unit 1 Details Furnished3
Unfurnished
Unit 1 Details Unit ID
MIXED USE
Unit 1 Details Unit Remarks
Duplex or Offices
Unit 1 Details Unit SqFt
1744.0
Unit 2 Details # Units (This Type)2
1
Unit 2 Details Annual Rent2
3500.0
Unit 2 Details Baths Total2
2
Unit 2 Details Furnished4
Unfurnished
Unit 2 Details Unit ID2
Restaurant
Unit 2 Details Unit Remarks2
Restaurant
Unit 2 Details Unit SqFt2
2760.0
Utilities Other29
Separate Water Meters, Separate Electric Meters
Water Source Other31
Public
Neighborhood Map
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MLS #1116446 Listing courtesy of Watson Realty Corp. provided by Daytona Beach Area Association Of REALTORS.

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