Turn-Key Sports Bar
1368 OCEAN SHORE BOULEVARD Ormond Beach, FL 32176
For Sale
$2,300,000
Completely remodeled sports bar with all-electric kitchen, walk-in cooler/freezer, and three ADA restrooms.
Property Size4,488 SF
Price / SF$512.48
Days on Market62
Property Features for 1368 OCEAN SHORE BOULEVARD
General Information
- Standard status
- Active
- Size
- 4,488 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1957
Listing Agency:
LUBANSKY & WHITE REALTY
(386) 756-6866
Listed By:
HERB LUBANSKY · License #BK-53585
Source:
Corcoran
Added: May 24
Changed: Jul 23
Last Checked: Jul 24 at 7:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LUBANSKY & WHITE REALTY
Investment Insights
Based on property information with market context.
This turn-key sports bar and restaurant property has been completely remodeled for a streamlined operation. The buildout includes an all-electric kitchen with 3-phase equipment, a walk-in cooler, and a walk-in freezer. The bar area features a large walk-in beer cooler, and the electrical system has been upgraded. Public spaces include three ADA restrooms. Improvements also include added beams to support a second-floor ocean view deck over the bar area, along with planning for a dumbwaiter and elevator.
The business is beachside and located just across the street from the Atlantic Ocean. The operation includes a full-service liquor bar, and the venue offers games and pool tables.
The owner is offering the business as an EZ to take over turn-key operation, subject to NDA and proof of funds for additional information.
The business is beachside and located just across the street from the Atlantic Ocean. The operation includes a full-service liquor bar, and the venue offers games and pool tables.
The owner is offering the business as an EZ to take over turn-key operation, subject to NDA and proof of funds for additional information.
Key Highlights
- 1957‑built sports bar with a completely remodeled interior and upgraded electrical system
- All‑electric kitchen with 3‑phase equipment
- Walk‑in cooler and walk‑in freezer
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $98.6k | $21.96 |
| − Vacancy | −$7.7k | −$1.71 |
| EGI | $90.9k | $20.25 |
| − OpEx | −$22.7k | −$5.06 |
| NOI | $68.2k | $15.19 |
4,488 SF · lease $21.96/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$973.6K
$851.9K – $1.14M
NOI $68,152 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,632 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Seadrift sports bar ...
Restaurant
Similar Off Market Nearby
- beach + vine — 1458 Ocean Shore Blvd, Ormond Beach, FL 32176
- Seaside Tavern — 1350 Ocean Shore Blvd, Ormond Beach, FL 32176
- Circle K — 1150 Ocean Shore Blvd, Ormond Beach, FL 32176
- Hanky Panky's Lounge — 1088 Ocean Shore Blvd, Ormond Beach, FL 32176
- Peckers Pub — 1350 Ocean Shore Blvd # B, Ormond Beach, FL 32176
FAQs
What type of property is this?
Bar & Pub - Completely remodeled sports bar with all-electric kitchen, walk-in cooler/freezer, and three ADA restrooms.
Where is this bar & pub located?
The property is located at 1368 OCEAN SHORE BOULEVARD Ormond Beach, FL.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 1957‑built sports bar with a completely remodeled interior and upgraded electrical system; All‑electric kitchen with 3‑phase equipment; Walk‑in cooler and walk‑in freezer
