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

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

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