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Shopping Strip

Flea & Farmers Market

5005 S Ridgewood Ave, Port Orange, FL 32127

Listing Price: $1,607,000

Cap Rate
8.00%
Gross SF
88,862
Rentable SF
88,862
Price/Gross SF
$18.08
Lot Size
2.04 acres
Year Built
1927

Investment Overview

The offering is for a Flea and Farmers Market located on S. Ridgewood Ave, and Norman St in Port Orange City, Volusia County. The property is also part of the Deltona–Daytona Beach–Ormond Beach metropolitan area. Situated along the Halifax River which separates South Daytona from Daytona Shores Beach and facing S Ridgewood Avenue (US-1/FL-5), the property benefits from a traffic count of approximately 21,000 vehicles per day, over 102,000 people and 50,000 households within five miles. 139 tables at the Flea Market are rented to different vendors from Thursday through Sunday of each week and on holiday Mondays. The vendors sell produce, jewelry, tools, old coins & stamps, toys & collectibles, clothing, sunglasses & hats, bike attire, electronics, movie CD’s, car parts, air brush artwork, food and more. The tables are rented on a daily basis for $6, $8, $15 and $12 usually for Thursday, Friday, Saturday and Sunday respectively. 5029 S. Ridgewood Ave. (one of four addresses that comprise the property) is leased annually to Historical Treasures for $1,712 per month. and 131 Norman Street is leased annually for $1,180 per month. Vystar Bank ATM is on a ground lease at the site and paying $455 per month. Vystar is expected to renew at an increased rate on June 1, 2021 for five more years.

Investment Highlights

  • 139 tables at the Flea Market are rented to different vendors from Thursday through Sunday of each week and on holiday Mondays
  • Situated along the Halifax River and facing S Ridgewood Avenue (US-1/FL-5), benefits from a traffic count of approximately 21,000 vehicles per day
  • Solid Demographics: 102,000 people and 50,000 Households in in a 5-mile radius

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Listing Price: $1,607,000

Cap Rate
8.00%
Gross SF
88,862
Rentable SF
88,862
Price/Gross SF
$18.08
Lot Size
2.04 acres
Year Built
1927

Investment Highlights

  • 139 tables at the Flea Market are rented to different vendors from Thursday through Sunday of each week and on holiday Mondays
  • Situated along the Halifax River and facing S Ridgewood Avenue (US-1/FL-5), benefits from a traffic count of approximately 21,000 vehicles per day
  • Solid Demographics: 102,000 people and 50,000 Households in in a 5-mile radius

Investment Overview

The offering is for a Flea and Farmers Market located on S. Ridgewood Ave, and Norman St in Port Orange City, Volusia County. The property is also part of the Deltona–Daytona Beach–Ormond Beach metropolitan area. Situated along the Halifax River which separates South Daytona from Daytona Shores Beach and facing S Ridgewood Avenue (US-1/FL-5), the property benefits from a traffic count of approximately 21,000 vehicles per day, over 102,000 people and 50,000 households within five miles. 139 tables at the Flea Market are rented to different vendors from Thursday through Sunday of each week and on holiday Mondays. The vendors sell produce, jewelry, tools, old coins & stamps, toys & collectibles, clothing, sunglasses & hats, bike attire, electronics, movie CD’s, car parts, air brush artwork, food and more. The tables are rented on a daily basis for $6, $8, $15 and $12 usually for Thursday, Friday, Saturday and Sunday respectively. 5029 S. Ridgewood Ave. (one of four addresses that comprise the property) is leased annually to Historical Treasures for $1,712 per month. and 131 Norman Street is leased annually for $1,180 per month. Vystar Bank ATM is on a ground lease at the site and paying $455 per month. Vystar is expected to renew at an increased rate on June 1, 2021 for five more years.

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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