Commercial Sale · Multi Family (5+)
610 S RIDGEWOOD AVENUE, DAYTONA BEACH, FL, 32114
Active36 days on marketListed Sep 8, 2026MLS #O6436253
About this property
The property at a glance
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.
2,400
Building sq ft
$271
Price / sq ft
0.2
Lot acres
1915
Year built
5
Units
2
Buildings
02T2
Zoning
Multi Family (5+)
Property type
The numbers
Investment snapshot
6.8%
Cap rate
$44,840
Net operating income
$60,840
Gross income (yr)
$130,000
Price / unit
5
Units
Estimated payment (illustrative)
Estimated payment
$3,326/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Anthony to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
36,984
Population
$39,906
Median income
32.2
Median age
2.1
Avg household
$174,900
Median home value
$1,171/mo
Median rent
3,080
Households w/ kids
Recent sales
What actually sold near 610 S RIDGEWOOD AVENUE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$530,000
715 HARVEY AVENUE
1,980 sqft · $268/sqft · Sold Jun 11, 2026
$665,000
609-611 ORA STREET
2,842 sqft · $234/sqft · Sold May 4, 2026
$850,000
330 ORANGE BLOSSOM DRIVE
5,120 sqft · $166/sqft · Sold Jan 24, 2025
Your team
The pros in your corner
Your agent
Anthony Richardson
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 610 S RIDGEWOOD AVENUE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 610 S RIDGEWOOD AVENUE.
See it in person
Schedule a tour
Live availability from Anthony's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of CHARLES RUTENBERG REALTY ORLANDO · Husain Jaffer. MLS #O6436253.
IDX information is provided exclusively for consumers’ personal, non-commercial 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 accurate by Stellar MLS.
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