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… Read More 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. Read Less
Courtesy of CHARLES RUTENBERG REALTY ORLANDO 407-622-2122
Listing Snapshot
Days Online
15
Last Updated
Property Type
Multi-Family 5+
Square Ft.
2,400
Lot Size
0.2 Acres
Year Built
1915
MLS Number
O6436253
Additional Details
Property Access
Frontage Type: Interstate, Road Surface: Paved
Building
Built in 1915, Living area: 1860, Living area units: Square Feet, 2 stories, Construction Materials: Cedar, Frame
Cooling
Wall/Window Unit(s)
Foundation
Block, Pillar/Post/Pier
Income
Gross Income: $60,840, Gross ScheduledIncome: $60,840, Net Operating Income: $44,840
Lot
0.2 acres, Dimensions: 63x140
Taxes
Additional parcels description:, Parcel Number: 5339-16-00-0020, Public Survey Range: 33E, Public Survey Section: 39, Annual Amount: $2,919.51, Tax Block: 15, Tax Book Number: 4-191, Legal Description: 39-15-33 S 37.5 LOT 2 & INC N 1/2 OF LOT 3 EXC HWY MARSHALL SUB BLK 15 DAYTONA MB 15 PG 123 PER OR 4378 PG 2450 PER OR 7092 PG 0998 PER OR 7284 PG 4413 PER OR 7308 PG 3825 & 3826 PER OR 8125 PG 3763, Lot: 2, Year: 2025, Zoning: 02T2
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Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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