Description

Under contract-accepting backup offers. With over 200 feet of front exposure located on the east side of South Ridgewood (US. Hwy1) and just about a mile south of International Speedway Blvd, this professional office building is located in the historic district of Daytona Beach. Get a high ROI and have a turn key income producing property in a fabulous location, being in immaculate condition with the roof replaced in 2020, all 8 HVAC systems/units have been replaced starting from 2014 to 2021. The parking lot (43 spaces plus 4 handicap) was also resurfaced in August of 2021, with the walkways having a miracote coating in December of 2021. The office building features 17 offices on the ground level and 13 office spaces on the 2nd level for a total of 30 office spaces.There are also 2 reception areas, one on the ground floor and the other on the 2nd floor. Your new investment is just a few blocks away from Beach St (downtown Historic Daytona Beach) where the area has been gentrified with new waterfront parks, restaurants, retail shops and condos being built as well. (developer plans to build a 307-unit apartment complex on the north end of Beach Street, between the new Brown & Brown building and Michigan Avenue) In recent years the Brown & Brown Insurance 11-story headquarters in Daytona Beach, Florida, was completed and opened in early 2021, adding even more value to the surrounding area! Across the street from your new investment on the west side of Ridgewood, the city is building the Daytona Beach Fire Station & Administration Building, to be completed in 2026. These improvements in the City of Daytona Beach have further established the area being a hub for professional businesses and offices. All information recorded in the MLS intended to be accurate but cannot be guaranteed.