737-747 S Ridgewood Avenue

    Daytona Beach, FL 32114
    • $2,750,000
    • STATUS: Active
    • ON SITE: 236 days
    • MLS #: 1055649
    UPDATED: 63 min ago
    $2,750,000
    • 0
      BEDS
    • 2.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,266
      SQFT
    • $118
      $/SQFT
    Type:
    Commercial
    Built:
    1916
    County:

    School Ratings & Info

    Description

    Professional office buildings Solid Brick and Concrete Block, well maintained with Private 71 space concrete parking lot. High quality dependable tenants. Please Do not disturb tenants.Repurposed from Historic School, rec'd multiple awards for project20 yr warranty on both roofs2 buildings 85% occupied, 6.5% rate of return as leased. At 100% occupancy rate of return 8%. Buildings are 2 stories large windows in all offices, sec cams and fire sprinks.747 bldg solid brick with 11ft-12ft ceilings & elevator/LULA- 15,803sq ft. ADA ramp,ADA restrooms, common conf & kitchen. The 737 bldg is concrete block-5,863sq ft, 10 ft Ceilings. Land-*325 ft on South Ridgewood Ave*2.19 acres*PUD includes 2 adj parcels (see docs)*full irrigation system*extra land for more building-

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    © 2019 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cook Group Luxury Real Estate. Data last updated: 2019-11-20T10:23:51.673.
    www.cookgroupdaytona.com/homes/93151805

    737-747 S Ridgewood Avenue Daytona Beach, FL 32114

    • Price: $2,750,000
    • Status: Active
    • Updated: 63 min ago
    • MLS #: 1055649
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.19
    Acres
    23,266
    SQFT
    $118
    $/SQFT
    1916
    Built
    Neighborhood:
    Daytona Beville to ISB, E of 95
    County:
    Volusia
    Area:
    Daytona Beville to ISB, E of 95
    Property Description
    Professional office buildings Solid Brick and Concrete Block, well maintained with Private 71 space concrete parking lot. High quality dependable tenants. Please Do not disturb tenants.Repurposed from Historic School, rec'd multiple awards for project20 yr warranty on both roofs2 buildings 85% occupied, 6.5% rate of return as leased. At 100% occupancy rate of return 8%. Buildings are 2 stories large windows in all offices, sec cams and fire sprinks.747 bldg solid brick with 11ft-12ft ceilings & elevator/LULA- 15,803sq ft. ADA ramp,ADA restrooms, common conf & kitchen. The 737 bldg is concrete block-5,863sq ft, 10 ft Ceilings. Land-*325 ft on South Ridgewood Ave*2.19 acres*PUD includes 2 adj parcels (see docs)*full irrigation system*extra land for more building-
    Exterior Features

    Construction BrickConcrete Block Depth 317.00 Parking LightedLotSee Remarks Parking Spaces 71 Road Frontage 325.00 Roof Built-Up

    Interior Features

    Air Conditioning See RemarksZoned Ceiling Height 12.0000 Heating CentralZoned Interior Improvement Passenger ElevatorPrivate RestroomsPublic RestroomsSecurity SystemSprinkler System Sq Ft Total 21139.00

    Property Features

    Access Transport 4 LaneDividedUs Highway Annual Escalation 2.50 As Is Condition Yes Building Type Location Business ParkCommercialOffice Building Business Income Opportunity Commercial Business Type Professional/Office Cam Charge 2.92 Commercial Property Name 747 Office Suites Commercial Style Comm-Land & Bldg Incl Current Number Of Tenants 10.0000 Current Use Professional Office Electric Meters 1 Financial Package No Financing Owc - 1StOwc - Financing Franchise Opt In No Homestead Exemption No Included In Lease Ac MaintenanceAlarm Smoke/FireElectricity ExteriorElectricity InteriorExterminatorInsurance ExteriorInsurance InteriorJanitorial ServiceLawn CareMaintenance ExteriorReal Estate TaxesSales/Use TaxTrash RemovalWater Includedin Sale BuildingFixturesFurnitureInventoryLandSigns - Owned Lease Provisions 2 - 3 Years3 - 5 YearsRenewal OptionYear - Year Lease Type Net Lease Net Operating Income 181500.00 Nrr Req No Percent Occupancy 85.00 Possible Use ChurchGeneral OfficeOffice/ShowroomPersonal ServiceProfessionalProfessional ServiceRestaurantSchool Sewer Public Sewer Special Conditions Agent Owned Special Contingency No Sq Ft Source Property Appraiser Tax Year 2018 Taxes 12620.00 Utilities On Site 1000+ Amps220 Volt SvcThree Phase Water City Water Meters 1 Zoning Text Pcd

    Listing courtesy of Susan Holmes of Country Club Properties Of Spruce Creek.


    © 2019 Daytona Beach Area Association of Realtors®, Inc.All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Cook Group Luxury Real Estate. Data last updated: 2019-11-20T10:23:51.673.
     
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