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- LoopNet Team
555 Ridgewood Ave
Daytona Beach, FL 32117
Regions Bank: Daytona Beach, FL · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
ABOUT 555 RIDGEWOOD AVE , DAYTONA BEACH, FL 32117
Located just outside of Daytona Beach, Florida in the Holly Hill neighborhood, the Property is situated along U.S. Highway 1 (locally known as Ridgewood Avenue), which runs the entire length of Florida’s east coast. The 3,269 square feet branch shares its hard corner location with Dollar General and is passed by roughly 30,000 vehicles per day. The building was built in 1961 and the substantial 1.32- acre site offers a multitude of future uses with 58 parking spaces and four covered drive-thru banking lanes. In addition to no landlord obligations or any cancellation options, the Regions’ lease is subject to attractive 2.50% annual escalations. The Tenant is currently paying an annual net rent of $108,476, which equates to a net rental rate of $33.18 per square foot.
PROPERTY TAXES
| Parcel Number | 4244-01-23-0011 | Improvements Assessment | $495,029 |
| Land Assessment | $418,539 | Total Assessment | $913,568 |
PROPERTY TAXES
