Restaurant Building with
For Sale
$428,888
1216 S Ridgewood Avenue, Daytona Beach, FL 32114
Commercial Sale, Daytona Beach, FL
Property Size2,389 SF
Lot Size0.38 Acres
Price / SF$179.53
Days on Market93
Property Features for 1216 S Ridgewood Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Bathrooms
3
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 3
Parking features
Parking Lot, RV
Lot features
Few Trees, Irregular Lot
Directions
From Beville Road on US-1/Ridgewood Ave. Head North on US-1/Ridgewood, once you pass the corner of Wilder look Left across the street. ...there she is; the HotSpot Coffee Shoppe. 1216 S. Ridgewood Ave.
Subdivision
25 - Daytona S of Beville, E of Nova
Standard status
Active
APN
5340-03-03-0080
Size
2,389 SF
Lot size
0.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
40-15-33 LOT 8 & LOT 9 EXC E 20 FT TO STATE WILDER & HOWE MB 6 PG 152 MB 20 PG 94 OF BETHUNE GRANT MB 1 PG 56 MB 12 PG 41 PER OR 4811 PG 2943 & OR 5569 PG 3769
Tax Annual Amount
2906
Legal Description
40-15-33 LOT 8 & LOT 9 EXC E 20 FT TO STATE WILDER & HOWE MB 6 PG 152 MB 20 PG 94 OF BETHUNE GRANT MB 1 PG 56 MB 12 PG 41 PER OR 4811 PG 2943 & OR 5569 PG 3769
Building Details
Year built
1947
Floors in Building
2
Number of units
1
Listing Agency:
A.H. Stone & Associates Inc · Century 21 Real Estate
(386) 673-3000
Listed By:
John Decarie
(386) 334-0996
Added: Jul 27
Changed: Oct 2
Last Checked: Oct 27 at 5:06PM
MLS# 1229048
Copyright © 2026 Daytona Beach Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,389-square-foot restaurant building sits on 0.38 acres and includes a drive-through window, kitchen and preparation areas, ADA-compliant restrooms, and an upstairs one-bedroom, one-bath living quarter. The property was built in 1947 and is served by 4 HVAC units. A roof replacement completed in March 2024 includes a transferable 50-year warranty.
Located at 1216 S Ridgewood Avenue in Daytona Beach, the property includes 29 parking spaces and a pylon sign designed for visibility from both sides. The site also includes an RV parking feature, and the existing parking layout may be restriped for additional spaces. Other uses may be considered.
Located at 1216 S Ridgewood Avenue in Daytona Beach, the property includes 29 parking spaces and a pylon sign designed for visibility from both sides. The site also includes an RV parking feature, and the existing parking layout may be restriped for additional spaces. Other uses may be considered.
Key Highlights
- 2,389‑square‑foot restaurant building on 0.38 acres
- Drive‑through window, kitchen area, and preparation stations
- Upstairs living quarters with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,278
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,560
$725.6K
Cap Rate 7%
$518,257
$518.3K
Cap Rate 9%
$403,089
$403.1K
Market Conditions
NOI Build-Up for 2,389 SF
Gross rent
$52.5K $21.96/SF
− Vacancy
−$4.1K −$1.71/SF
EGI
$48.4K $20.25/SF
− OpEx
−$12.1K −$5.06/SF
NOI
$36.3K $15.19/SF
Area
Volusia County, FL
Vacancy
7.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$725,560
Cap Rate 7%
$518,257
Cap Rate 9%
$403,089
Alternative Uses
Best Use
Specialty Retail
$518.3K
$453.5K – $604.6K
NOI $36,278 @ 7.0% cap · market cap 8.46%
Second Best
Office B
$511.4K
$447.5K – $596.7K
NOI $35,799 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$704.4K
$616.4K – $821.8K
NOI $49,309 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 32114, FL
34,943
Population
17,118
Households
2
Avg Household Size
33
Median Age
19%
College-Educated
89%
High-School Grad
16.0 sq mi
ZIP Area
2,184
Density / Sq Mi
$39,906
Median Household Income
$31,220
Median Earnings
$1,171
Median Rent
$174,900
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes an upstairs one-bedroom, one-bath living quarter and ADA-compliant restrooms.
Where is this conventional restaurant located?
The property is located at 1216 S Ridgewood Avenue Daytona Beach, FL.
What is the asking price?
The asking price for this property is $428,888.
What are key features of this property?
This property features: 2,389‑square‑foot restaurant building on 0.38 acres; Drive‑through window, kitchen area, and preparation stations; Upstairs living quarters with 1 bedroom and 1 bathroom
