$650,000
4989 S Ridgewood Avenue
Port Orange, FL 32127
MLS# 1049805
3132 sqft


Looking NE
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Looking NE 4989 S Ridgewood Avenue, Port Orange, FL 32127 4989 S Ridgewood Avenue, Port Orange, FL 32127 4989 S Ridgewood Avenue, Port Orange, FL 32127 4989 S Ridgewood Avenue, Port Orange, FL 32127 4989 S Ridgewood Avenue, Port Orange, FL 32127 4989 S Ridgewood Avenue, Port Orange, FL 32127 4989 S Ridgewood Avenue, Port Orange, FL 32127 4989 S Ridgewood Avenue, Port Orange, FL 32127 4989 S Ridgewood Avenue, Port Orange, FL 32127 4989 S Ridgewood Avenue, Port Orange, FL 32127 4989 S Ridgewood Avenue, Port Orange, FL 32127 4989 S Ridgewood Avenue, Port Orange, FL 32127 4989 S Ridgewood Avenue, Port Orange, FL 32127 4989 S Ridgewood Avenue, Port Orange, FL 32127 4989 S Ridgewood Avenue, Port Orange, FL 32127

Property Description
Excellent $$ investment property with steady year-round income. Fully occupied & leased seven room (1 -Bed/1-Bath each) motel and restaurant on heavy traffic highway, near beaches,the Inter coastal Waterway, restaurants, services, entertainment and highways. Located in booming Port Orange this property is on the main N-S driving route between Ormond Beach and New Smyrna Beach. All seven motel rooms are occupied with six-month leases. The restaurant is under 5-year lease. This property is well-maintained and can easily be managed from a distance or use one of the seven units for a manger or owner to stay. Parking lot is paved with about 25 spaces. Don't miss buying this property. It is the best combination motel & restaurant property in the area. Great income property!

Details
Maps
Contract Information
List Price: $650,000
Current Price: $650,000
List Price/SqFt: 207.54
As Is Cond: Yes
Location, Tax & Legal
Area: 21 - Port Orange S of Dunlawton, E of 95
Street #: 4989
Compass: S
Street Name: Ridgewood
Street Suffix: Avenue
County: Volusia
State/Province: FL
Zip Code: 32127
Year Built: 1956
Style: Comm-Land & Bldg Incl
Tax ID: 6310-20-02-0131
Homestead Exempt: No
General Property Description
Commercial Property Type: Hotel/Motel-Loding/Hospitality
Per Month $: 2650
Business Income/Oppty: Restaurant
Lease Type: Triple Net
Commercial Property Name: First Turn Motel & W
Financial Package: No
% Occupancy: 100
Total # Units: 8
# Parking: 25
SqFt - Total: 4215
Living Area: 3132
SqFt Source: Property Appraiser
Lot Size: 105x143
Zoning: Other
Zoning (Text): Mixed, Store & Off
Road Frontage: 105
Depth: 143
Special Contingency: No
Highway Access: Yes
Rail Access: No
Road Type: Paved - 4 Lane
Current Use: Restaurant & Motel
Current # Tenant: 8
Ceiling Height: 9
Franchise Opt In: No
Status Change Info
Status: Active
Income/Operating Inc
Gross Income: 94200
Net Operating Income: 77000
Average Utilities: 8000
Improvement Allowance: 1000
Meters
# Electric Meters: 2
# Water Meters: 2
Property Features
Bldg Type/Location: Commercial; Free Standing; Hotel/Motel; Mixed Use; See Remarks
Access/Transport: 4 Lane; Divided; US Highway
Construction: Concrete Block
Air Conditioning: Central; Mixed; Wall/Window Units
Heating: Central; Wall/Window Units
Sewer: Public Sewer; Sewer Connection
Interior Improvement: Kitchen Facility; Private Restrooms
Site Improvements: Curb/Sidewalks; Pole Sign
Utilities on Site: Three Phase
Possible Use: General Office; Motel/Hotel; Office/Showroom; Professional; Restaurant
Roof: Flat; Rubber
Ceiling Height: 7 - 10 Feet High
Parking: Guest; Lot; On Street; Paved
Included in Sale: Building; Fixtures; Good Will; Land; Lease (Building); License; Signs - Owned
Supplements
NEW Roofs Motel 2017. NEW A/C Restaurant 2017. NEW A/C units motel units 2017. Parking lot resurfaced 2017.

Listing Office: Watson Realty Corp.

Last Updated: April - 11 - 2019

Listing data provided by the Daytona Beach Area Association of REALTORS®' Internet Data Exchange (IDX) program. Data is believed to be accurate but not warranted.

Monday 20th of May 2019 02:53 PM