468 Ridgewood Avenue
Holly Hill, FL 32117

Listed at $1,200,000

Details

  • MLS# 1215168
  • Multi Unit - Multiple
  • Status Active
  • 5 Bedrooms
  • 9 full Bathrooms
  • 12,518 Square Feet
  • 1.030 acres
  • Built in 1947
  • Local Schools

Description

Premier Mixed-Use Commercial Holding -- Holly Hill US-1 Redevelopment CorridorAn institutional-caliber investment opportunity in one of Volusia County's most actively repositioning submarkets. This CC1-zoned, mixed-use asset commands 150 linear feet of frontage along US-1 across a 1.03-acre parcel, and is improved with three stand-alone masonry buildings totaling in excess of 12,000 square feet, each fitted with newer galvanized metal roofing (2014 and 2017 installation). The property is strategically positioned within a four-mile radius of Halifax Health Medical Center, Daytona Beach International Airport, Daytona International Speedway,...read more Daytona State College/UCF, and Embry-Riddle Aeronautical University, with direct connectivity to the A1A beachside corridor, I-95, and I-4. The improvements support a diversified, multi-stream income profile. Building 1 (approximately 10,250 SF, two-story) is configured with two commercial suites, seven storage units, a private owners residence, and four unfinished units offering meaningful value-add upside, supported by two recently installed HVAC systems and four supplemental mini-split units. Building 2 (approximately 1,420 SF) delivers three residential units -- two studios and one one-bedroom -- well suited to long-term or short-term tenancy. Building 3 (approximately 640 SF) comprises a stand-alone one-bedroom residence ideal for owner occupancy or supplemental rental income. A fully fenced half-acre rear yard currently produces ancillary revenue as a managed RV, boat, and trailer storage facility, with capacity for expansion or repositioning.Located within Holly Hills designated redevelopment district, the property may be eligible for municipal redevelopment grants and economic incentives (prospective buyers to confirm with the City of Holly Hill). The combination of flexible CC1 zoning, in-place cash flow, prominent US-1 visibility, and proximity to the regions principal employment, education, healthcare, and tourism drivers positions this offering as a compelling acquisition for developers, owner-operators, and long-horizon investors seeking durable income with substantial appreciation potential. Private tours available by appointment.

Features

  • Tankless Water Heater
  • Refrigerator
  • Microwave
  • Instant Hot Water
  • Electric Water Heater
  • Electric Oven
  • Central Air, Electric, Multi Units, Separate Meters, S
  • Carpet
  • Laminate
  • Tile
  • Central, Electric, Hot Water, Separate Meters
  • 2.0 Stories
  • $9,911 Taxes
  • Public
  • Built in 1947
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Appliances: Tankless Water Heater, Refrigerator, Microwave, Instant Hot Water, Electric Water Heater, Electric Oven
  • Cooling: Central Air, Electric, Multi Units, Separate Meters, S
  • Days on Site: 323
  • Directions: From US 1 and Mason, go north on US 1, property. of left after 3rd. street
  • Exterior: Block, Stucco
  • Flooring: Carpet, Laminate, Tile
  • Fuel Type: Electric
  • Garage: 7 car attached
  • Heating: Central, Electric, Hot Water, Separate Meters
  • Laundry: Electric Dryer Hookup, Washer Hookup
  • Listing Terms: Cash, Conventional
  • Lot Description: Cleared
  • Lot Dimensions: 150.0 ft x 289.0 ft
  • Lot Size: 1.03 Acres
  • Parcel #: 4244-01-22-0310
  • Parking: Additional Parking, Attached, Garage, Gated, Guest, Off Street, Parking Lot, RV Access/Parking, Secured, Shared Driveway, Unassigned
  • Property Attached Y/N: No
  • Property Sub-Type: Multi Family
  • Road Frontage: City Street, Highway
  • Roof Type: Metal
  • Security Features: Closed Circuit Camera(s), Smoke Detector(s)
  • Sewer: Public Sewer
  • SQFT Total: 12518
  • Stories: 2.0
  • Taxes: $9,911
  • Units: 12
  • Utilities: Cable Not Available, Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Water: Public
  • Year Built: 1947