639 North Ridgewood Avenue, Daytona Beach, FL 32114 For Sale

Rent Info:

Potential Gross Rent: $16,600/month

Potential NOI: $172,500

Asking price: $649,000 with OWNER FINANCING option

Down Payment: $249,000 (due at closing)

Note: $400,000

Payments to Seller: $2,661.21/ $31,934.52

Interest Rate: 7% with a 4-year balloon

Amortization period: 30 Years

No prepayment Penalty

Deal Highlights

🏢 10,700 SF Mixed-Use Portfolio - Includes a retail building with 7 commercial units plus 4 residential rental units, creating diversified income streams on a 0.62-acre parcel.

📍 Prime Daytona Beach Frontage - Located along N Ridgewood Ave with ≈26,500 vehicles/day, offering strong exposure and tenant demand in a growing coastal market.

💰 Strong Income Potential - Projected gross rent of $16,600/month with estimated NOI of $172,500/year, offering attractive cash flow for investors.

💡 Flexible BR-1 Zoning - Supports a mix of retail, business services, residential, and commercial uses, ideal for value-add conversion, lease-up, or redevelopment strategies.

🔌 Separate Utility Meters - City water and electric separately metered, improving tenant management and operational efficiency.

📈 High-Growth Volusia Market - Daytona Beach continues to see expansion in tourism, residential demand, and commercial development, improving long-term fundamentals.

🌆 Opportunity Zone Advantage - Located within an Opportunity Zone, providing potential tax incentives and long-term investment benefits.

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Disclaimer: Acre Expert LLC is a team of real estate developers and investors. We buy, sell, and hold properties for investment purposes.

We are not licensed real estate brokers. This property is being marketed based on our equitable interest via an assignable contract or as the property owner.

All Information provided is preliminary and subject to change. Acre Expert LLC makes no guarantees regarding accuracy, lease terms, or financials. The buyer must conduct independent due diligence and verify all details.