2017 Ridgewood AveSouth Daytona, FL 32119

Property Details for 2017 Ridgewood Ave

Year built

1955

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.30 AC

Property size (Sq ft)

2,267 SF

Zone code

BR

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5344-15-00-0021

APU

534415000021

Description

This exceptional turn-key business opportunity presents a well-established restaurant and bar in South Daytona, Florida. Located at 2017 S Ridgewood Avenue, this property boasts 2,519 square feet of space situated on a generous 13,277.09 square foot lot. The building, constructed in 1955, has served as a popular dining destination since 1985, known for its prime rib, steaks, seafood, and contemporary American cuisine. The sale includes the business, building, and land, offering a complete package for a prospective buyer. With a seating capacity of 73 guests and 75 feet of frontage on US 1, this establishment benefits from high visibility and significant foot traffic. The property's prime location in a bustling area ensures a consistent customer base. This is a rare chance to acquire a thriving, fully equipped restaurant and bar with a proven track record in a desirable location. The asking price for this exceptional opportunity is $465,000. This represents a significant investment in a well-established business with substantial growth potential. The property is categorized as retail and mixed-use.

• CAP approach

  CAP return

  Valuation

  6%

  $700,353

  6.5%

  $646,479

  7%

  $600,302

• Comparable approach

  Method

  Valuation

  Relative Method

  $844,072

  Geo Method

  $637,724

• Alternative Use

  Use

  Valuation

  Residential

  $545,330

  Hospitality

  $499,519

  Educational

  $415,594

  Medical

  $429,887

  Retail

  $646,479

Location Insight

City

South Daytona

County

Volusia

State

Florida

Latitude

29.174

Longitude

-81.0027

CBSA code

19660

CBSA name

DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].