5.9+/- Acre Development Site

1701/1707 S Ridgewood Ave South Daytona, FL 32119

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FOR SALE Incentives
Property Type:
Other Land
Amount:
$1,750,000
Last Verified:
Jul 14, 2017

Highlights

  • Premier 5.9 acre development site on Ridgewood Ave (US Hwy 1) in South Daytona
  • Potential for retail, office, automotive, hospitality or mixed-use development
  • Located on a signalized "T" intersection, across from South Daytona City Hall
  • 450+/- feet of frontage on Ridgewood Ave (US Hwy 1)
  • South Daytona has invested many millions in recent improvements to this US Hwy 1 corridor
  • City is open to rezoning to multiple commercial uses
  • One block west of Halifax River (Intracoastal Waterway) and just minutes to the beach
  • Easy access to the airport, Daytona Int'l Speedway, I-95 and I-4

Description

Premier 5.9 acre development site on Ridgewood Ave (US Hwy 1) in South Daytona
Potential for retail, office, automotive, hospitality or mixed-use development
Located on a signalized "T" intersection, across from South Daytona City Hall
450+/- feet of frontage on Ridgewood Ave (US Hwy 1)
Existing buildings on site offer rental income while waiting for redevelopment
South Daytona has invested many millions in recent improvements to this US Hwy 1 corridor
City is open to rezoning to multiple commercial uses
One block west of Halifax River (Intracoastal Waterway) and just minutes to the beach
Easy access to the airport, Daytona Int'l Speedway, I-95 and I-4

S Ridgewood Ave, just south of Beville, across from South Daytona City Hall


Year Built: 0
Building Size: 0.0sq ft
Lot Size: 5.9 acres

Map of 1701/1707 S Ridgewood Ave, South Daytona, FL, 32119

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.