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934 S Ridgewood Ave 9,012 SF Specialty Building Offered at $1,500,000 in Daytona Beach, FL 32114
Investment Highlights
- Positioned on highly visible Ridgewood Avenue with close proximity to the beach, retail, dining, and major thoroughfares
- Turnkey, scalable, and strategically located opportunities like this are rare in today's market.
- This asset is built for strong occupancy and consistent returns.
Executive Summary
**Historic Multi-Unit Investment Opportunity | 9,012 SF | 25 Bedrooms + 5 Apartments**
Exceptional opportunity to acquire a fully renovated multi-unit investment property in the heart of Daytona Beach's rapidly evolving redevelopment corridor. Originally constructed in 1910 as the private residence of a prominent local physician, this landmark property has been thoughtfully restored and repositioned as a turnkey income-producing asset offering multiple investment strategies.
The approximately **9,012-square-foot** building features **25 bedrooms**, many with private en-suite bathrooms, plus **five fully independent apartments**, creating a flexible layout suitable for a variety of residential and hospitality uses.
A comprehensive renovation has modernized the property with a **new roof, new windows, updated electrical, plumbing, and HVAC systems**, significantly reducing near-term capital expenditure requirements.
The property's adaptable floor plan supports numerous potential uses, including workforce housing, student housing, co-living, corporate housing, assisted living, transitional housing, short-term rentals (subject to local regulations), boutique hospitality, and traditional multifamily operations.
Positioned along highly visible **South Ridgewood Avenue (US-1)**, the property offers convenient access to Downtown Daytona Beach, the beachside district, Bethune-Cookman University, Daytona State College, Embry-Riddle Aeronautical University, major medical facilities, shopping, dining, and Interstate 95.
Located just one block from Daytona Beach's active redevelopment area, the property benefits from continued public and private investment that is driving long-term growth throughout the surrounding market.
This is a rare opportunity to acquire a historically significant asset that combines architectural character with modern infrastructure, operational flexibility, and substantial income-producing potential in one of Central Florida's emerging investment markets.
Exceptional opportunity to acquire a fully renovated multi-unit investment property in the heart of Daytona Beach's rapidly evolving redevelopment corridor. Originally constructed in 1910 as the private residence of a prominent local physician, this landmark property has been thoughtfully restored and repositioned as a turnkey income-producing asset offering multiple investment strategies.
The approximately **9,012-square-foot** building features **25 bedrooms**, many with private en-suite bathrooms, plus **five fully independent apartments**, creating a flexible layout suitable for a variety of residential and hospitality uses.
A comprehensive renovation has modernized the property with a **new roof, new windows, updated electrical, plumbing, and HVAC systems**, significantly reducing near-term capital expenditure requirements.
The property's adaptable floor plan supports numerous potential uses, including workforce housing, student housing, co-living, corporate housing, assisted living, transitional housing, short-term rentals (subject to local regulations), boutique hospitality, and traditional multifamily operations.
Positioned along highly visible **South Ridgewood Avenue (US-1)**, the property offers convenient access to Downtown Daytona Beach, the beachside district, Bethune-Cookman University, Daytona State College, Embry-Riddle Aeronautical University, major medical facilities, shopping, dining, and Interstate 95.
Located just one block from Daytona Beach's active redevelopment area, the property benefits from continued public and private investment that is driving long-term growth throughout the surrounding market.
This is a rare opportunity to acquire a historically significant asset that combines architectural character with modern infrastructure, operational flexibility, and substantial income-producing potential in one of Central Florida's emerging investment markets.
Property Facts
| Price | $1,500,000 | Lot Size | 1.01 AC |
| Price Per SF | $166.44 | Building Size | 9,012 SF |
| Sale Type | Investment or Owner User | No. Stories | 3 |
| Property Type | Specialty | Year Built | 1910 |
| Property Subtype | Sorority/Fraternity House | Parking Ratio | 1.78/1,000 SF |
| Building Class | B | ||
| Zoning | T2 - Can be used for office, hotel,motel,restaurant and so on. Priviously been used as apartment, assist living,bed and breakfast | ||
| Price | $1,500,000 |
| Price Per SF | $166.44 |
| Sale Type | Investment or Owner User |
| Property Type | Specialty |
| Property Subtype | Sorority/Fraternity House |
| Building Class | B |
| Lot Size | 1.01 AC |
| Building Size | 9,012 SF |
| No. Stories | 3 |
| Year Built | 1910 |
| Parking Ratio | 1.78/1,000 SF |
| Zoning | T2 - Can be used for office, hotel,motel,restaurant and so on. Priviously been used as apartment, assist living,bed and breakfast |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5339-03-68-0040 | Improvements Assessment | $809,047 |
| Land Assessment | $244,904 | Total Assessment | $1,053,951 |
Property Taxes
Parcel Number
5339-03-68-0040
Land Assessment
$244,904
Improvements Assessment
$809,047
Total Assessment
$1,053,951
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934 S Ridgewood Ave