AVAILABLE +/- 1475 SF PORT ORANGE OFFICE/CONDO 4240 S. RIDGEWOOD AVE. UNIT 4 PORT ORANGE, FL 32127 Tim C. Davis, CCIM Principal/ Senior Vice President 386.566.4917 tim.davis@svn.com SVN ALLIANCE COMMERCIAL REAL ESTATE ADVISORS 1275 WEST GRANADA BOULEVARD, SUITE 5B, ORMOND BEACH, FL 32174 OFFERING MEMORANDUM
Property Summary OFFERING SUMMARY Sale Price: $185,000 Building Size: 1,475 SF Zoning: RD (Ridgewood Development) Ceiling Height 13' Price / SF: $125.42 PROPERTY OVERVIEW This 1475 SF office condo is well positioned in Port Orange with 170 ft of frontage on US-1 just This stretch of US-1 has a 22,500 AADT and provides access to other major arterial roads such as Dunlawton Ave which leads to I-95 and A1A. Unit four is the end cap unit in the building and offers windows on the North and East sides. It's dimensions are 25 ft wide by 59 ft deep and has and has a ceiling height of 13 ft. The unit would have 6 available parking spaces combined between the front and rear parking lots, giving and a parking ratio of 4.4 per 1,000 SF. This unit does feature a 10' bay door on the rear, and could be used as some light flex space as well. PROPERTY HIGHLIGHTS 1475 SF Office Condo Campus like setting and landscaping 170 ft of frontage on US-1 for exception signage and visibility 13' high ceilings, 25' of width and x 59' of depth Mens and Womens Restrooms 22,500 AADT - Average Annual Trips per Day AVAILABLE +/- 1475 SF PORT ORANGE OFFICE/ CONDO FOR SALE OR LEASE 4240 S. RIDGEWOOD AVE. UNIT 4, PORT ORA SVN Alliance Commercial Real Estate Advisors Page 2
Property Description PROPERTY OVERVIEW This 1475 SF office condo is well positioned in Port Orange with 170 ft of frontage on US-1 just This stretch of US-1 has a 22,500 AADT and provides access to other major arterial roads such as Dunlawton Ave which leads to I-95 and A1A. Unit four is the endcap unit in the building and offers windows on the North and East sides. It's dimensions are 25 ft wide by 59 ft deep and has and has a ceiling height of 13 ft. The unit would have 6 available parking spaces combined between the front and rear parking lots, giving and a parking ratio of 4.4 per 1,000 SF. This unit does feature a 10' bay door on the rear, and could be used as some light flex space as well. LOCATION OVERVIEW Centrally located just 0.28 miles to Dunlawton which has direct access 3.5 miles to I-95 and the Port Orange Pavilion, 0.5 miles to the Eastport Business Park and the New Port Orange Riverwalk Park, 1.4 miles to the Nova and Dunlawton intersection which has a Publix anchored shopping center on the southeast corner. Just 1.3 miles to A1A via the Dunlawton Bridge and a short 15 minutes to the Daytona International Airport and the Daytona International Speedway. AVAILABLE +/- 1475 SF PORT ORANGE OFFICE/ CONDO FOR SALE OR LEASE 4240 S. RIDGEWOOD AVE. UNIT 4, PORT ORANGE, FL 32127 SVN Alliance Commercial Real Estate Advisors Page 3
Photos AVAILABLE +/- 1475 SF PORT ORANGE OFFICE/ CONDO FOR SALE OR LEASE 4240 S. RIDGEWOOD AVE. UNIT 4, PORT ORA SVN Alliance Commercial Real Estate Advisors Page 4
Map AVAILABLE +/- 1475 SF PORT ORANGE OFFICE/ CONDO FOR SALE OR LEASE 4240 S. RIDGEWOOD AVE. UNIT 4, PORT ORANGE, FL 32127 SVN Alliance Commercial Real Estate Advisors Page 5
Zoning AVAILABLE +/- 1475 SF PORT ORANGE OFFICE/ CONDO FOR SALE OR LEASE 4240 S. RIDGEWOOD AVE. UNIT 4, PORT ORA SVN Alliance Commercial Real Estate Advisors Page 6
Advisor Bio TIM C. DAVIS, CCIM Principal/ Senior Vice President 1275 West Granada Boulevard Suite 5B Ormond Beach, FL 32174 T 386.566.4917 tim.davis@svn.com PROFESSIONAL BACKGROUND Tim Davis comes to the commercial real estate business as a continuation of a lifetime of entrepreneurial endeavors. Founding a few small businesses in his teenage years and onward, they included automotive related manufacturing, multiple retail businesses, and internet startups. He is now practicing commercial real estate with a broad service area in Northeast & Central Florida His commercial real estate career has led to the brokerage of all property types and classes including extensive work with lenders in the troubled assets arena and REO disposition. Since 2009, he has participated in the sale of the largest land parcels on the Atlantic Ocean in Daytona Beach (including sites of the new Hard Rock Hotel and Westin Resort), and as of June 2017, has sold 16 direct oceanfront hotel/condo development sites. Davis is a graduate of the University of Central Florida, with a B.S. in Management & Finance. In addition to real estate, Tim founded two manufacturing companies producing components for the automotive aftermarket. *Since 2009, Tim has brokered commercial troubled(reo) assets for over a dozens of different lenders, from large banks such as Bank of America, Wells Fargo, Suntrust, Regions, Fifth Third, regional banks, and even single branch community banks. *General Partner and sponsor in several syndicates focused on repositioning income properties to unlock yield. * Served as Vice President and General Manager of a international equine company, importing horses from Europe, Arabians and DHH. Mr. Davis has brokered every asset type in all property classes, including land, office, warehouse, multi-family, hospitality, chattel property, Single-Tenant Net Lease Investment property, and retail development sites. These combined skill sets lead to unequalled depth and reach in the northeast central Florida market. Specialties: Industrial Sales, Retail & Hospitality Land, with a focus on Oceanfront Development Sites EDUCATION BSBA University of Central Florida, Management/Finance MEMBERSHIPS & AFFILIATIONS CCIM - Certified Commercial Investment Member ICSC - International Council of Shopping Centers AVAILABLE +/- 1475 SF PORT ORANGE OFFICE/ CONDO FOR SALE OR LEASE 4240 S. RIDGEWOOD AVE. UNIT 4, PORT ORA SVN Alliance Commercial Real Estate Advisors Page 7