This exceptional Edgewater, Florida restaurant and real estate offering presents a lucrative investment opportunity. Boasting a 2,044 square foot building on a 1.3-acre lot, this established business generated $1.4 million in gross income with positive cash flow in 2024. The property includes a valuable 4COP liquor license, indoor and outdoor bars, pool tables, over 15 TVs, and a fenced outdoor area perfect for live music and events. Built in 1955 and renovated in 2018, the single-story Class B building sits on a major thoroughfare, close to the ocean, in a high-growth residential area with a loyal customer base. The trained staff is included in the sale. The property is zoned B-4W and offers an owner-operator opportunity. This turnkey operation is being sold as a sole ownership and is 100% occupied. The asking price is $1,750,000, representing $856.16 per square foot. Don't miss this chance to acquire a thriving business with significant upside potential.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$713,908
6.5%
$658,992
7%
$611,921
Comparable approach
Method
Valuation
Relative Method
$884,558
Geo Method
$574,993
Alternative Use
Use
Valuation
Residential
$555,884
Hospitality
$509,187
Educational
$423,638
Medical
$438,207
Retail
$658,992
Location Insight
City
Edgewater
County
Volusia
State
Florida
Latitude
28.9412
Longitude
-80.881
CBSA code
19660
CBSA name
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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