3411 Ridgewood AveEdgewater, FL 32141

Property Details for 3411 Ridgewood Ave

Year built

1955

Construction

WOOD

Lot size

1.30 AC

Property size (Sq ft)

2,044 SF

Zone code

B4

Property type

Retail properties

Property subtype

Bars

APN

8412-06-00-0011

APU

841206000011

Description

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.

• 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

Property Tax & Assessments

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