610 S RIDGEWOOD AVE, Daytona Beach, FL 32114
$650,000
Est. payment /mo
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1,860 SqFt
Coming Soon

610 S RIDGEWOOD AVE Daytona Beach, FL 32114

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Key Details

Property Type Commercial

Sub Type Multi-Family 5+

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 1,860 sqft

Price per Sqft $349

Subdivision Marshall Blk 15 Daytona

MLS Listing ID O6436253

HOA Y/N No

Year Built 1915

Annual Tax Amount $2,919

Lot Size 8,712 Sqft

Acres 0.2

Lot Dimensions 63x140

Property Sub-Type Multi-Family 5+

Source Stellar MLS

Property Description

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.

Location

State FL

County Volusia

Community Marshall Blk 15 Daytona

Area 32114 - Daytona Beach

Zoning 02T2

Interior

Cooling Wall/Window Unit(s)

Exterior

View Y/N No

Water Access No

Building

Story 2

Foundation Block, Pillar/Post/Pier

Lot Size Range 0 to less than 1/4

Structure Type Cedar,Frame

New Construction false

Others

Ownership Fee Simple

Acceptable Financing Cash, Owner Financing, Private Financing Available

Listing Terms Cash, Owner Financing, Private Financing Available

Special Listing Condition None


Stellar MLS
Listed by Husain Jaffer CHARLES RUTENBERG REALTY ORLANDO

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Kevin Schumacher

Kevin Schumacher

Broker Associate

+1(941) 420-4581

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610 S RIDGEWOOD AVE