5236 Ridgewood AvePort Orange, FL 32127

Property Details for 5236 Ridgewood Ave

Year built

1930

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.45 AC

Property size (Sq ft)

7,210 SF

Zone code

B4

Property type

Retail properties

Property subtype

Bars

APN

6310-07-14-0100

APU

631007140100

Description

This exceptional investment opportunity presents Daytona's First Turn, a renowned restaurant and entertainment venue situated on 2.4 acres encompassing five parcels of land along US 1 in Port Orange, Florida. Boasting a substantial 19,498 square feet, this established business occupies a prime location, making it a cornerstone for Port Orange's vibrant community, particularly during Bike Week. Built in 1982, the property is currently operating under a month-to-month lease, offering a unique dual-acquisition opportunity. The asking price for the real estate is $2,400,000, translating to $123.09 per square foot. This presents a chance to acquire a nationally recognized establishment with significant potential for growth and expansion. The property's strategic location on US 1 in Volusia County, Florida, zip code 32127 (5236 S Ridgewood Ave), ensures high visibility and accessibility. The sale includes the land and building

• CAP approach

  CAP return

  Valuation

  6%

  $2,518,236

  6.5%

  $2,324,526

  7%

  $2,158,488

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,120,189

  Geo Method

  $2,028,228

• Alternative Use

  Use

  Valuation

  Residential

  $1,960,825

  Hospitality

  $1,796,105

  Educational

  $1,494,338

  Medical

  $1,545,731

  Retail

  $2,324,526

Location Insight

City

Port Orange

County

Volusia

State

Florida

Latitude

29.1252

Longitude

-80.9789

CBSA code

19660

CBSA name

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

Property Tax & Assessments

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