610 S RIDGEWOOD AVE, DAYTONA BEACH, FL, 32114
$650,000
Commercial Sale
Living Area
1,860 Sqft
Lot Size
8,777 Sqft
Rare corner-lot investment opportunity at the intersection of S Ridgewood Ave & Cedar St, in the heart of a rapidly gentrifying Downtown Daytona Beach corridor. This 5-unit property is priced to move at roughly $125K/door as-is, offering an immediate cash-flowing asset in a location surrounded by ongoing redevelopment and rising rents. But the real story here is the upside: the sale includes an adjacent parcel, bringing total assemblage to approximately 0.40 acres — situated within Downtown zoning that permits up to 40 units per acre. That opens the door to a long-term redevelopment play of an estimated 12–16 units on the combined site (buyer to verify with the City of Daytona Beach Planning Division), essentially tripling the unit count from what's on the ground today. Whether you're an investor looking for stabilized income now with a built-in expansion runway, or a developer eyeing infill density in one of Daytona's fastest-growing submarkets, this corner offers both. Walking distance to the Halifax River, downtown core, and the beachside corridor — in a location where new construction and renovation activity keep pushing values upward. Hold it, lease it, or reposition it. Opportunities to acquire this much upside on a single corner in Downtown Daytona don't come around often.
Property Details
Property Features Property Features
MLS ID: MFRO6436253 Year Built: 1915
Construction Materials: Cedar, Frame Cooling: Wall/Window Unit(s)
Country: US County Or Parish: Volusia
Foundation Details: Block, Pillar/Post/Pier Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Owner Financing, Private Financing Available Property Sub Type: Multi-Family 5+
Property Type: Commercial Sale Road Frontage Type: Interstate
Road Surface Type: Paved Showing Requirements: Coming Soon - Allowing Showings
Special Listing Conditions: None Standard Status: Active
State Or Province: FL
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