About 4651 S Ridgewood Avenue
Investment Opportunity - National Tenant Occupied!! Secure, hassle-free income in a prime location. This well-maintained commercial property is occupied by a strong national tenant under a long-term NNN style lease with minimal landlord responsibility. The tenant covers all expenses including electric, water, garbage, rental tax, parking lot cleaning, property tax, building and wind insurance - landlord is only responsible for roof and structure maintenance. New roof was installed in 2023 ensures peace of mind for years to come. Current lease has been in place and has 7 years remaining with a 3-year option to renew. Tenant is currently paying $3,114/month. 3% increase per year. This is a turn-key investment opportunity offering steady cash flow and long term stability.
Features of 4651 S Ridgewood Avenue
| MLS® # | 1218955 |
|---|---|
| Price | $849,999 |
| Acres | 0.30 |
| Year Built | 1970 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 4651 S Ridgewood Avenue |
|---|---|
| Area | 22 - Port Orange S of Dunlawton, W of 95 |
| City | Port Orange |
| County | Volusia |
| State | FL |
| Zip Code | 32127 |
Amenities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Parking | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central, Electric |
|---|---|
| Cooling | Central Air, Electric |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | Cleared |
|---|---|
| Construction | Brick Veneer, Concrete |
Additional Information
| Zoning | Commercial |
|---|
Listing Details
| Office | Clayton Realty Group, LLC |
|---|