610 S RIDGEWOOD AVENUE
Daytona Beach, FL 32114
$650,000
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.
Listing Courtesy of: CHARLES RUTENBERG REALTY ORLANDO
407-622-2122
| Listing Id: | O6436253 |
|---|---|
| List Price: | $650,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Multi-Family 5+ |
| Status: | Active |
| Living Area: | 1,860 |
| Tax Annual Amount: | $2,920 |
| Lot Size Square Feet: | 8,777 |
| Lot Size Acres: | 0.2 |
| Waterfront?: | No |
| City: | Daytona Beach |
| County Or Parish: | Volusia |
| Subdivision Name: | Marshall Blk 15 Daytona |
| Postal Code: | 32114 |
| Year Built: | 1915 |
| Number Of Units Total: | 5 |
| Additional Parcels?: | Yes |
| Building Area Source: | Public Records |
| Building Area Total: | 2400 |
| Building Area Units: | Square Feet |
| Foundation Details: | Block, Pillar/Post/Pier |
| Construction Materials: | Cedar, Frame |
| Cooling: | Wall/Window Unit(s) |
| Gross Scheduled Income: | $60,840 |
| Directions: | I4 TO DAYTONA |
| Gross Income: | $60,840 |
| Listing Contract Date: | 2026-08-24 |
| Ownership: | Fee Simple |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.2 |
| Lot Size Dimensions: | 63x140 |
| Postal Code Plus4: | 5064 |
| MLS Area Major: | 32114 - Daytona Beach |
| MLS Area Major: | 32114 - Daytona Beach |
| Net Operating Income: | $44,840 |
| Original List Price: | $650,000 |
| Parcel Number: | 5339-16-00-0020 |
| Stories Total: | 2 |
| Township: | 15S |
| Road Frontage Type: | Interstate |
| Road Surface Type: | Paved |
| Listing Terms: | Cash, Owner Financing, Private Financing Available |
| Tax Year: | 2025 |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Additional Parcels Description: | 533916000021 |
| Number Of Lots: | 2 |
| Public Survey Range: | 33E |
| Public Survey Section: | 39 |
| Zoning: | 02T2 |
| Alternate Key Folio Num: | 533916000020 |
| Annual Expenses: | 16000 |
| Annual Income Type: | Actual |
| Building Area Total Srch Sq M: | 222.97 |
| Calculated List Price By Calcula: | 270.83 |
| Flood Zone Code: | X |
| Future Land Use: | T2 |
| Green Verification Count: | 0 |
| Living Area Meters: | 172.80 |
| Lot Size Square Meters: | 815 |
| Sale Includes: | Building(s) and Land, Leases |
| Sdeo yn: | No |
| Total Acreage: | 0 to less than 1/4 |
| Total Num Buildings: | 2 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Attribution Contact: | 407-622-2122 |
| Originating System Name : | Stellar MLS |
| Between Us 1 River Yn: | No |
| Green Energy Generation Yn: | No |
| Tenant Count: | 5 |
| Vacancy Rate: | 55.00 |
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Property Last Updated: October 08, 2026 06:32 PM - ET
